Word: auction
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Dates: during 1970-1979
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...federal government is scheduled to auction off tracts of George's Bank to oil companies on December 18 unless a federal court blocks the sale...
...fishermen, whose families have worked these waters for 350 years, all this makes Georges Bank far too precious a place to sink an oil well. Another appeal has been filed to stop the auction, though its chances seem slim. If the leases are sold, the fishermen will have a grace period of from six months to a year while the oil companies make preparations to drill. That means time for a new and different case on different grounds. But the fishermen's hope will be the same: to keep their livelihood alive and well...
...reduce the crushing costs except to burn much more coal, continue with nuclear power, speed the development of synthetics and solar, move to mandatory conservation, and, of course, drill for more domestic oil. Last week, overriding objections of environmentalists, the U.S. Supreme Court refused to halt an Interior Department auction of leases to explore for oil on the Georges Bank off Massachusetts. Environmentalists fear that a spill or blowout could harm the rich fishing waters, but the court decision was yet another sign that the U.S. will have to make difficult compromises to secure energy...
Rodney C. Dennis, curator of manuscripts at Houghton, said, "Even relatively unimportant scraps of Kennedy writing have fetched a good deal of money at auction...
...latest frenzy was heightened last week when so many bids were presented at Washington's monthly bullion auction that the U.S. Treasury could have sold four times the 750,000 oz. it offered. That, along with rumors of especially heavy orders for gold from buyers in the Middle East, stirred a wave of panic buying that pushed the price of bullion up by a record $24 an oz. in just one day. Trading was so hectic that the normal 500-an-oz. spread between buying and selling prices widened at times to $5. Gold hit an all-time high...