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...more than 6,000 bankruptcies and farm-loan defaults. Still, Sooners were not prepared for the latest bad news: the oil well on the lawn of the state capitol in Oklahoma City has gone dry. Nicknamed Petunia when drilled in a flower bed in 1942, the well and the derrick atop it became a symbol of Oklahoma's boom times. Drawing from an oil pool directly beneath the capitol, Petunia pumped some 1.5 million bbl. during its 43 years...

Author: /time Magazine | Title: Oklahoma: A Wilted Petunia | 2/3/1986 | See Source »

During the past four difficult years for the Organization of Petroleum Exporting Countries, Saudi Arabia has been its derrick of strength. But the oil industry churned last week with rumors that the rich kingdom has finally grown weary of that role. After trying to fight a global glut by cutting its output from 10.3 million bbl. per day in 1981 to about 2 million bbl. per day currently, Saudi Arabia now appears eager to move its merchandise again. Traders believe the country will try to double its sales by quietly offering price cuts that could include...

Author: /time Magazine | Title: Opec Psst!: Want Some Cheap Crude? | 9/16/1985 | See Source »

...Spanish conquest, the gold-greedy conquistadores heard gaudy reports that the Indians had thrown gold, jewels and young virgins into the cenote to propitiate their deities. Nothing was ever found until 1904. Then American Archaeologist Edward H. Thompson, working with a steel bucket appended to a simple boom and derrick, and later with primitive deep-sea diving equipment, spent more than five years exploring the sinkhole. Thompson gradually brought up gold bells in the shape of monkeys, sheet-gold masks, scepters, sacrificial knives and a multitude of other objects including an assortment of human bones, mostly of men and children...

Author: /time Magazine | Title: Art: Treasures From the Jungle | 7/15/1985 | See Source »

...Derrick Towns, 19, a freshman at Chicago's North Park College. Could Towns have made it to school without Assistance Ltd.? "I'd be working at a Burger King, maybe, or anything I could get," he replies. Another big winner: Roskam, who just learned that Assistance Ltd. this month will receive a special citation from President Reagan's program for private sector initiatives...

Author: /time Magazine | Title: Education: Smart Swaps | 6/10/1985 | See Source »

White, by his own description is a "story-teller" with the story being a search for history, Visiting Fellows Coordinator Derrick A. West '87 said. White's career began in China during World War 11, when he was a corresponded for Time magazine...

Author: NO WRITER ATTRIBUTED | Title: IOP Fellow Says Politicians Depend on Television | 3/13/1985 | See Source »

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