Word: gulf
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...sands of Saudi Arabia. Mexico has proven reserves of 40 billion bbl. and estimated potential reserves of 200 billion bbl. By comparison, Saudi Arabia has known reserves of 166 billion bbl. If the U.S. could eventually shift its oil dependence closer to home and away from the volatile Arabian Gulf that now satisfies about a third of U.S. imports, the country's security would be greatly strengthened. But other nations also are beginning to court the new Mexico. Japanese technicians have been exploring, Brazil is negotiating, and France's President Valery Giscard d'Estaing comes calling later...
Unexpectedly, there is at last the prospect of a solution. It is based on the huge underground sea of oil and gas that stretches north along the Gulf Coast from the swampy, humid jungle of Chiapas. Oil is now being pumped at a rate of 1.5 million bbl. per day. The annual income ($8 billion by 1980) is being used to expand Mexico's petrochemical plants and to build up Mexico's other industries. Over the short term, however, Mexico's plans for economic development will require exporting more textiles and other manufactured products-and unemployed workers...
...West -such as Harry Morgan, Hemingway's one-armed rumrunner, who was played by Humphrey Bogart in the movie -are known as Conchs, after the crusty mollusks that abound off that southernmost Florida island. Like Morgan, they are given to drinking in seedy bars, fishing in the Gulf Stream and insulting tourists. Nowadays the tide of tourism is enough to make the Harry Morgans pull up anchor and put out to sea. The place known affectionately as "the Last Resort" is fashionable again...
...West's salad days, as Florida's largest (18,000 inhabitants) and wealthiest city, were just before the turn of the 20th century. It had the largest port in the Gulf of Mexico, its cigar industry employed 10,000 workers, and almost all of the country's sponges were caught by its fleet. Then came a spectacular decline. The U.S. naval station closed, the cigar industry was lured to Tampa, blight wiped out the sponge beds, the city went bankrupt, and a 1935 hurricane ruined the railway from the mainland. Except for a momentary revival during World...
...more optimistic: "The future is secure as long as we keep this place as a getaway. If the funkiness goes, everything goes." Those opposed to further fast growth lost a big battle just last week when voters in all of the Keys, which stretch 100 miles into the gulf from Florida's southern tip, overwhelmingly approved a new $42 million water pipeline from the mainland that some warned would open the floodgates of growth...