Word: gulf
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Dates: during 1950-1959
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Hurricane Audrey, the season's first, was born as a Gulf of Mexico squall in a wide low-pressure area. As it blew north, U.S. weather bureaus warned the Gulf Coast that a dangerously violent storm was on the way. But the bayou people of extreme southwestern Louisiana felt secure in their swamp-girded isolation and their simple faiths ("I wasn't much afraid," said one woman, "because the Lord told us he would never destroy this earth with water again"). Many of them stayed in their homes-and Audrey killed them in a day of sheerest horror...
...Gulf, source of livelihood for the area's shrimp fishermen, across the tiny communities of Pecan Island, Creole...
Last week the government said that "several of the most prominent U.S. oil companies are negotiating with the French for Sahara concessions." Texas Independent N. Bunker Hunt, son of H. L. Hunt, and Houston's Texas Gulf Producing Co. are dickering for a piece of the desert. Cities Service Co. and Standard Oil Co. (N.J.) say they are "interested" in making a Sahara oil deal. The five-year leases that French oil companies took in 1952 will expire this September, and some 27 million acres of potential oil lands that these companies did not exploit will...
...Midwesterners, whose 500,000 bbl. a day petroleum consumption is rising 20% a year, the Chicago spur holds high promise of reversing the present pattern of costly refining in congested market areas. By becoming an independent common carrier, Texas Eastern can ship the lower-cost products of Gulf Coast refineries on a steadier basis than slow, crude-hauling Mississippi River barges, and at as much as 30? a barrel less...
...permission in 1954. But the FPC ruled that the Texas Eastern products line would benefit the public by stimulating competition, even though it might hurt the barge business. Already big Midwest refiners are seeking ways to use the proposed Chicago spur to their profit, while Sinclair, Texas and Gulf are talking about a similar products line to be constructed next year from outside Philadelphia to Cleveland. In addition, Texas Eastern got FPC permission last year to spend $74.7 million on a 422-mile line south from near Beaumont, which will soon bring in the first major imports of Mexican...