Word: gushers
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...period, the line has suffered five physical mishaps, three of which caused shutdowns lasting a total of 13 days. The latest accident occurred last week when an earthmover burying part of the 48-in. pipeline struck a valve. That set off a gusher that spewed hot black goo over 15 acres of surrounding tundra and two ponds before technicians could shut down the line and begin repairs. As it happened, the line had just resumed limited operation after a ten-day shutdown caused by the most serious of its start-up accidents. At Pumping Station 8, 38 miles from Fairbanks...
...geological characteristics seemed encouraging; they all have been dry. By contrast, oil turns up in places that looked hopeless. In the North Sea, Phillips Petroleum was ready to quit after four failed wells. The fifth, sunk at the insistence of the Norwegian government, turned out to be a gusher...
Today, which since 1952 has been a gusher for NBC (annual revenues: as high as $22 million), is already in trouble. The show's audience is down 31% from 1973. Even so, Today still has twice the audience of either the sobersides CBS Morning News or ABC's fluffy Good Morning, America. But the ABC program, co-hosted by actors and spiced with gossip, has been stealing Today viewers, particularly younger ones. Today's new spontaneity is designed to win them back. Consequently, NBC'S search could end with Pauley. The honey-blonde from Indianapolis...
Houston's Gusher. Perhaps the most exciting city in the U.S. today-unplanned, individualistic, a roaring gusher of construction-is Houston. It is the energy capital of America, with more than 50 oil and natural-gas companies headquartered downtown. This clustering keeps the central city healthy, because service firms want to be near the energy giants. Since times are so good for the oil companies, everybody is prospering. Indeed, competition from the suburbs is welcomed. As Real Estate Executive Perry Waughtal puts it, "There's enough business to go around...
...many businessmen who have observed Hughes closely contend that his companies succeeded only when he left them alone. There is much to be said for that argument. Since he had little interest in drilling technology, he left Toolco alone; because it had an excellent product, it produced a gusher of profits. By contrast, Hughes meddled so much in RKO and TWA that he ultimately failed there...