Word: gulf
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Dates: during 1950-1959
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...cloud-hung Gulf Coast bristles with a staggering concentration of chemical plants-enormous, surrealistic jungles of piping, gleaming spheroids of tanks and stacks-and with miles of great oil refineries, tank farms and factories. The combined Gulf ports handle more export tonnage than New York. Texas produces 80% of U.S. sulphur, almost half of its natural gas, and a lion's share of that Texas delicacy, chili powder. Texans make B-36 bombers in the Consolidated Vultee
...remote, jungle-hemmed beach of Tortuguero, south of Veracruz, a handful of Mexican and U.S. oil drillers slapped each other's backs and shouted with hoarse joy. A few weeks ago, boring at an angle to a depth of 6,000 feet under the warm waters of the Gulf of Mexico, their rig had tapped a pool of rich green-black petroleum. Last week Tortuguero No. 1 surged into test production at a steady 500 barrels...
...June 1949, was the Mexican American Independent Oil Co. (C.I.M.A.), an operating unit jointly set up by the Signal Oil & Gas Co., the American Independent Oil Co. and hustling California Oilman Ed Pauley, who had had previous experience in Mexico. C.I.M.A. was allotted an unexploited area along the Gulf in the states of Veracruz, Tabasco and Campeche for exploration and drilling. After payment of their expenses, the Americans will collect 15 to 18¼% of the new wells' income for 25 years. C.I.M.A. hoped to bring in a gusher in Campeche before the end of January, expected to start...