Word: gushers
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Dates: during 1990-1999
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...1980s, when energy-production jobs plunged more than one-third. But in fact the situation today is worse. While many parts of the U.S. economy are struggling through the recession, few are as hard hit as energy. By every measure, these are among the toughest times since that first gusher at Spindletop in 1901 -- more akin to the Great Depression than the cyclical booms-and-busts since...
...ventures in the oil industry have ever produced such a gusher of speculation. Early next month, engineers will drill a 14,000-ft. well near Jarim Reef off the island of Bahrain, a tiny Persian Gulf nation not far from the world's richest oil deposits. If the exploratory pipe hits crude, it will enrich a cast of investors that includes the Bass brothers of Texas, the Rupert family of South Africa, the Harvard University endowment fund and George W. Bush, the President's eldest son. If the well is dry, the episode will prompt shareholders to wonder why they...
Least Popular Industry, Lifetime Achievement Category Big Oil struck a gusher of bad publicity again. Little more than a year after the Exxon Valdez disaster, the industry got blamed by just about everybody for rising gas and fuel prices in the wake of the Persian Gulf crisis. Oilmen denied any profiteering, but several firms posted huge increases in earnings...
...depth, and Mobil and Chevron hold leases to search in 3,000 m (10,000 ft.) of water. As long as oil prices make the gamble worthwhile, today's explorers will apparently go to any depths to unleash the next great undersea gusher...