Word: gusher
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...Beverly Hills money gusher may be running dry. The drop in the price of oil to less than $15 per bbl. could mean a loss of $750,000 in revenue for the school district this year. To curb spending, the school board has decided to hold raises to 5% and may lay off some teachers, janitors, groundskeepers and cafeteria workers...
...producers in the American Southwest face gusher-size troubles of their own. In Texas, the center of the U.S. oil industry, government analysts estimate that each $1-per-bbl. drop in prices will cost the state 25,000 jobs and $100 million in revenues. The declines make it less rewarding for companies to drill and develop wells. Local banks could suffer greatly if the fall continues. Says Frank Anderson, director of financial research for Weber, Hall, Sale & Associates, a Dallas brokerage: "The real problem will come if the contract price gets to $15 per bbl. and stays there...
...notions for Americans was that the country had a seemingly abundant supply of offshore oil and natural gas. A Government study in 1981 portrayed a virtual energy El - Dorado that contained as much as 40% of the country's undiscovered oil and 30% of its natural gas. Now that gusher of optimism has been capped...
...easy work. The search for oil meant days of chasing rumors over dusty back roads in Texas and Oklahoma, and nights bent over maps studying geological strata. In his spare time, Pickens indulged his passion for Gusher, a board game in which players roll dice to look for oil. Says Amarillo Lawyer Wales Madden Jr., an old friend: "It was uncanny. He always won at that darn game...
...measure of envy of Dallas out there in the Lone Star State, though no one, no one, admits it. Years ago there was a widely circulated cartoon that captured this never expressed emotion. In the frame were a man and a barefoot woman, a farming couple, with an oil gusher erupting on their barren land. The woman was saying, "How late does Neiman-Marcus stay open...