Word: crude
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Dates: during 1950-1959
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Ballistic Trajectory. But the X-15 will not fly into space in this crude way. With a pilot in its cramped cockpit, it will be carried 35,000 ft. above Wendover Air Force Base, Utah by a specially adapted B-52. As soon as it cuts loose with its rocket engine roaring, the pilot will head it on a steep trajectory like a ballistic missile. In 30 to 40 seconds, if all goes well, it will approach Mach 3 (three times the speed of sound) at an altitude of 100,000 ft. From this point it will...
Texas independent oil producers, hard-hit by the growing U.S. oil surplus, took stern measures to end their troubles. At their request, the Texas Railroad Commission last week cut back the state's crude production for March from an eleven-day-per-month operating rate to nine days-the lowest rate ever set by the 28-year-old commission. The flow of oil from Texas' 182,000 wells will be cut by 513,814 barrels daily...
...took a call from a shipbuilder in Tokyo about details of a new Getty supertanker. Turning to a pile of cables, he read a report on his new, 18-in. Mideast pipeline, fired off an answer to a Turkish importer's request for a large quantity of crude oil. In midafternoon Getty received a distinguished visitor: John D. Rockefeller III, 51, scion of an older oil dynasty, who came to ask his financial support for a $75 million art center in Manhattan. Getty expressed interest, made no commitment. Swiftly he worked through his business mail, answering the letters...
...major deal of its move into U.S. oil with the purchase of the oil holdings of Floyd Odium's Atlas Corp., for about $20 million, in a cash and stock swap. This deal runs its oil reserves up to 40 million bbl., gas to 275 billion cu. ft., crude production to 10,000 bbl. a day, and refinery capacity...
...dreadful, but our situation is good." On a global level, the policy has worked well. Stripped of almost everything but its name after World War II, when the Communists nationalized its Rumanian oilfields, Petrofina swapped its license to refine in France with British Petroleum for a guaranteed supply of crude, revitalized affiliates, merged, swapped and bought outright until it has now expanded into 63 affiliates in 23 countries, selling some...