Word: geologists
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Dates: during 1950-1959
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George Crews McGhee, 43, onetime Rhodes scholar who served 18 months (until 1953) as U.S. Ambassador to Turkey, announced formation of McGhee Production Co., an oil exploration and development firm in Dallas. A longtime oil geologist and independent prospector, McGhee will first look for oil and gas in southern Louisiana, where he discovered the big West Tepetate field. McGhee is also executive committee chairman of Petroleum Reserves Inc., organized last March to buy producing oil properties...
...just long enough to do a fast business, and moved on before we got to them." Busiest of the boom enterprises is a broker's office (a branch of a Toronto firm), where residents have begun dab bling with growing enthusiasm in the stock market. One staff geologist at Pronto has made $100,000 tax-free in two months investing in uranium stock, and the town is full of taxi drivers, store clerks, and even high-school students who have parlayed modest stakes into four-and five-figure bankrolls. One of the brokerage offices' steadiest customers, Joe Hagger...
...retired chemical engineer-schoolteacher organized a class to teach the ladies how to make their own cosmetics ("as good as any you can buy and a lot cheaper"). A retired geologist spent his time producing an elaborate map of the estate and learning to refinish furniture...
...through the uranium country in the Western states, ore has piled high outside the mines as production outsped the expansion of uranium refineries. One of the biggest stacks of ore lies outside the rich ($60 million in proved reserves) Mi Vida mine of Charles Steen, the onetime oil geologist who discovered Mi Vida when he was almost penniless, thereby touched off southeast Utah's first big uranium strike (TIME...
...bevatrons and cosmotrons, he would also be nonplussed by [such phrases as] security risk, Q-clear-ance, confidential, secret, top secret." More important, he would find that the old compartments of knowledge no longer have their old rigid meanings. At Caltech it is possible to find a top geologist, e.g., Harrison Brown, who has never taken a formal course in geology. It is not only possible, but standard operating procedure for the scholars of Caltech to invade each other's fields as if no walls had ever existed between them at all. "Nature," says Physicist Bacher, "is not physics...