Word: gas
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Dates: during 1970-1979
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...treating it with the arrogant condescension usually reserved by big brothers for uppity younger siblings. No longer is that attitude possible or plausible, and one big reason is oil. Since 1972, when geologists drilling into the cactus-studded wasteland of Tabasco state tapped into the gigantic Reforma oil and gas field, Mexico has turned up one immense deposit of petroleum after another. In his state of the union address in early September, López Portillo boasted that Mexico now had proven combined reserves of 45 billion bbl. of oil and gas. Officials of Pemex, the national oil com pany, predict...
Mexico's natural gas, which is often flared away in billowing clouds of flame that light up the sky, has been another source of conflict. Last December, then Secretary of Energy James Schlesinger brusquely rejected a Mexican offer to sell the U.S. 2 billion cu. ft. of gas a day at $2.60 per 1,000 cu. ft., a price then considered "exorbitant." Two months ago, Administration aides hinted that López Portillo's long planned state visit to Washington might not be a useful exercise if a gas deal were not consummated. Apparently chastened by the threat, Mexican officials finally...
Speaking before about 100 Business School officials and students, Lougheed said Canada could export large quanities of natural gas to New England, but added. "There's no way we're going to sell natural gas to the United States below the Mexican price...
...portion of Alberta's 140 trillion cubic feet of natural gas could arrive in New England within two years if the proposed Quebec-Maritime-Maine pipeline is approved by the Canadian National Energy Board, Lee Richardson, one of Lougheed's aides, said yesterday...
Alberta continues to discover major natural gas fields, but exports are limited to Northwestern states at present, Richardson said, adding. "We have a lot of gas that we want to sell. The federal government just has to approve the sale...