Word: buts
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Dates: during 1970-1979
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Estimates of how much oil could be tapped off Alaska's entire outer continental shelf (OCS), including the Beaufort Sea, range up to 25 billion bbl., or nearly three times the reserves in Alaska's Prudhoe Bay field. Some oilmen believe that with a big development effort, Alaska...
Last week briefcase-toting oilmen gathered at a Fairbanks hotel to bid for drilling rights in the first small part of the U.S.'s Beaufort Sea sector to be opened to exploration. Offers by the companies totaled $2 billion for some 500,000 acres of tracts, but when the...
Apart from their frustration over the delays wrought by such environmental suits, U.S. oilmen feel that Washington is moving too slowly in leasing new offshore areas. The Interior Department recently stepped up its schedule of lease sales over the next five years, from 26 to 30, but that will do...
Now, nine months after the new employee-owned company, Republic Hose Manufacturing Corp., took over the one-story plant, productivity is up 40%, and the rate of rejected products has dropped from 8% to 1%. The firm, which today employs 130, estimates that for its first complete fiscal year it...
Officers at Aeroquip were skeptical when the Youngstown employees presented their plan to buy the plant, but they agreed to sell if the buyers could pay the $2.5 million price. Frank Ciarniello, head of the United Rubber Workers local and a machine operator at the plant, and William Hawkins, then...