Word: gulf
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Dates: during 1970-1979
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...country that has not a single permanent river. The estimated cost of that: $80 million per berg. They are putting up $14 billion for a project that will bring natural gas to the newly planned industrial cities of Yanbo on the Red Sea and Jubail on the Persian Gulf, which are costing $30 billion to build. In the past three years, the Saudis have built nearly 300,000 housing units?enough for a quarter of the Saudi population. In a land where education a generation ago was essentially in the hands of the ulema, a powerful group of conservative Islamic...
...Rockies. At times, as many as 20 bulging tankers have been backed up in California's Long Beach harbor. Nearly half a million barrels of Alaskan crude, which oilmen had originally figured would go to the West Coast, are rerouted daily through the Panama Canal to the Gulf or East Coast ports at additional costs of more than $1 million. And although independent California oilmen are protesting a surplus that has forced them to close, or "shut in," some wells, the West Coast continues to import 400,000 bbl. a day from Indonesia...
...direct U.S.-Soviet confrontation. An American warship making a port call or steaming off the coast of a Third World country might indeed bolster a regime friendly to Washington. In a period of mounting local tensions, sending naval units to strategically important regions, such as the Persian Gulf and eastern Mediterranean, could dissuade the Soviets from intervening...
...antisubmarine and antimissile weapons, must escort supply convoys across the Atlantic. Not only is this naval capacity needed in case of all-out war, it could be required in some future Middle East crisis, for example, if the Soviet navy attempted to embargo all oil shipments leaving the Persian Gulf...
There are richer men in the U.S., but Mellon's wealth is nonetheless so vast as to be scarcely understandable in ordinary terms. The value of his stocks, bonds and other measurable holdings−particularly in family-dominated companies such as Gulf Oil, Alcoa and Koppers−is probably well over $400 million. But there is no way of putting a figure on his other possessions: the 4,000-acre estate in Virginia, the retreats on Antigua and Cape Cod, the town houses in Manhattan and Washington, D.C., the stables of racing horses in the U.S. and Britain...