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Word: gusher (lookup in dictionary) (lookup stats)
Dates: during 1970-1979
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Usage:

...threaten the oil companies earlier with "punitive" legislation when he actually only had an "unfriendly" law or two in mind? These were some of the weighty issues that preoccupied the policymakers on the energy front last week, as attention continued to be focused on Big Oil's current gusher of profits...

Author: /time Magazine | Title: Business: Crude Assaults | 11/12/1979 | See Source »

...first began spewing into the Gulf on June 3, when an exploratory well drilled by Pemex, Mexico's national oil company, blew out of control in the Bay of Campeche, some 500 miles south of the Texas coast. Efforts to cap the gusher by pumping chemicals and steel balls into the well throttled the flow from 4,500 tons a day to 3,000 tons, but failed to stop it. An oil slick 60 to 70 miles long gradually formed around the well and started to creep northward. Part of the slick was turned back off Tampico, Mexico...

Author: /time Magazine | Title: Nation: Pancakes and Mousse off Texas | 8/20/1979 | See Source »

...news of the latest profits gusher reached the White House just as Carter was sending Congress his proposal for the windfall tax, and he seized the opportunity to make yet another appeal for passage, saying that the industry is "already awash" with profits. The occasionally populist President shows a deep distrust of large oil companies, and they are perfect targets for a bit of demagoguery because much of the public dislikes them too. Carter's verbal overkill is also intended to deflect public fury from the White House when gasoline prices, which are already rising sharply, go up even more...

Author: /time Magazine | Title: Inside the Big Oil Game | 5/7/1979 | See Source »

Since it opened on Memorial Day weekend, Resorts International's casino in Atlantic City, has been a greenback gusher, grossing $119.3 million-a take bigger than that of any Nevada gambling house. But last week it seemed as if the well might run dry. New Jersey Attorney General John Degnan issued a 115-page report urging that Resorts be denied a permanent gambling license when its temporary permit expires...

Author: /time Magazine | Title: Business: Risky Hand | 12/18/1978 | See Source »

They offer substantial write-offs for the cost of labor, exploration and other "intangible drilling expenses," which often comprise 70% of the investment. If high-income investors hit a gusher, they get richer; if not, they do not lose much because a lot of their invested money would have gone for taxes anyway...

Author: /time Magazine | Title: Business: What Is Left in Tax Shelters | 12/4/1978 | See Source »

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