Word: crude
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Dates: during 1960-1969
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...costly series of price wars finally faded away. Though retail prices, excluding taxes, indeed rose nearly 4% during 1966 to about 22.1? per gal. -matching the high 1957 level - the suppliers have a number of problems. Demand continues strong and refineries are being forced to pay more for crude oil. Labor settlements early this year have increased industry wages by 4%; dealers, also squeezed by higher wages, have long been screaming for fatter prices at the pump...
...mutual understanding." But there were few differences about trade, in which Italy is already heavily involved with the Soviet Union. The Italians did express some concern over their persistent trade deficit with Russia, which ran close to $100 million in 1966 as a result of large imports of Russian crude oil. Italy exported some $80 million (mainly in textiles and machinery) to Russia last year and intends to see that those figures rise as rapidly as possible. To keep the Russians happy, it has also extended them $500 million in credits, more than Italy has given any other country...
...laureate. Kerouac, 44, has let them down. He is a true pilgrim, and his objective is not the future but the past. The latest fragment of his nonstop autobiography records, of all things, a search for noble Kerouac ancestors in ancient Armorica (Brittany) just as if he were some crude millionaire of the Gilded Age shopping at Heralds College for something fancy in the way of ancestors. That Kerouac has simple faith became evident long ago; that he has Breton blood is the slight burden of this little book...
...experience with the oils from lipstick which tourists often use to smear their initials on the major monuments. Lipstick oils, they have found, sink into the porous surface of the stone and are very difficult to remove. But no one has had any experience with the effect of this crude heating oil on paper, panels, canvas, or stone...
...Canadian subsidiary will begin extracting 45,000 bbl. of oil a day from the Athabasca tar sands, which contain 369 billion bbl. of recoverable oil. Interest is also reviving in Colorado's vast deposits of oil shale. Recently, some producers in Kansas, Oklahoma and Texas raised basic crude-qil prices 80 to $3,08 per bbl.-closer to the point at which extraction of oil from shale could be economical. After that price rise, other producers were telephoned by White House officials, who warned them that anything over $3.05 would displease President Johnson. Since then, none have stepped across...