Word: gushers
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...since he pardoned Richard Nixon had President Gerald Ford aroused such a furor. Last week he signed into law the first phase of his economy and energy program, provoking a veritable gusher of criticism from across the political spectrum. It is an outpouring that will be hard for him to cap, and it could ultimately swamp his ambitious, multi-faceted program...
...trade-for-anything pitch, Nouhan figures that December's sales would have plunged even more than the 30% drop below normal. Recently he took a flyer of a different sort and allowed $4,000 for two leases on oil wells being drilled near Traverse City, Mich. A gusher, he points out, would ease a lot of the pain and frustration of trying to sell autos in the middle of Detroit in the middle of a recession...
...your article "An Oil Gusher Builds" [Dec. 16], you state: "The Trilateral Commission ... is considering recommending a 10% limit on the voting power that foreign interests may exercise hi American companies." This gives a false impression of the proposal I made, since it does not indicate that the 10% limit was to apply only in the case of new investment rather than that already existing...
...that is holding a cap on an investment gusher is the conservatism of the lightly populated nations with the largest capital surpluses-Saudi Arabia, Kuwait and the Persian Gulf sheikdoms...
...drill probes into the sea bottom 340 ft. below. Already the drill is bringing up samples from 2,000 ft. below the shelf. The samples are carefully analyzed for hints of oil, but the drill may have to bite as deep as 17,000 ft. to find a real gusher. The rig itself costs upward of $20 million to build and more than $45,000 a day to operate...