Word: drilled
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Dates: during 1970-1979
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Jeeves, another gin stengah. A treasure, Jeeves is. Been with the club since the flood. Where was I? Ah, yes. Books. Haven't read but one since Oxbridge. Burke's Peerage. Breeders' guide to British nobility. Smashing heraldry: gules argent, lions rampant, bars sinister, all that drill. Snob's bible, they call it-the envious ones. For those of us who can trace our lineage back to Ethelred the Unready, it's-well, it's sort of a-er -bible. Meaning no disrespect, padre. Since the Empire's gone to the demnition bowwows...
...have offered and fought for reforms because our tax provisions should encourage domestic exploration, not foreign drilling. The small, independent producers drill 85% of the new exploratory wells in this country. Consumer interests are well served by tax policies that allow these smaller firms to provide badly needed competition in the petroleum industry...
...outstrip output by 1980. The Soviet Union and its Comecon partners are already importing small quantities of high-priced Middle Eastern oil, mainly from Iraq, Iran and Libya. Hence the Soviets are in a rush to develop new Siberian fields. They must invest lavishly in expensive Western equipment and drill in a remote region where operating costs will be high...
...against the ssx and opposing additional military aid to South Viet Nam. In an unusual move for a Texan, he has proposed the elimination of the oil depletion allowance for the major oil producers. He insists, however, that the allowance should be continued "for the small, independent producers who drill 80% of the wells in this country" and do not have the resources for exploration of the majors...
...companies argue that they need a better shake in order to pay for their huge development expenses. Exploration and drilling costs are running five times what they are in the placid blue of the Persian Gulf. One reason: the treasure is deep. Oilmen must drop their rigging 400 to 600 ft. beneath turbulent waves then drill another 8,000 to 12,000 ft. beneath the sea floor (see diagram). And North Sea weather is worse than bleak. Last month a crew member on a British Petroleum rig was swept into the sea in an icy storm; his death...