Word: norths
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Dates: during 1970-1979
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Higher prices have persuaded oilmen to return to and redrill wells in the Williston Basin of North Dakota and eastern Montana, an important producing area in the 1950s. They are also exploring for oil in the Overthrust Belt, which runs down the Rocky Mountains, and they are going after gas in Oklahoma, the Texas Panhandle and central Louisiana. Across the country, small "stripper" wells and others that once would have been abandoned as uneconomic are being kept open...
...most shocking news comes from Ford Motor's upper reaches, where glum executives are circulating a confidential memo projecting that the firm will lose just over $1 billion on its North American auto operations this year and probably the same in 1980. The estimated losses had been raised by $160 million in just the past few weeks. Ford will stay in the black only because of its healthy foreign and nonautomotive business, but in the auto trade at home, it is losing almost as much as Chrysler...
...winter was the coldest that the Russians have suffered for 75 years; it damaged power lines, rails and roads and paralyzed production across much of Eastern Europe. East Germany, the world's largest brown coal producer, was forced to import coal from the West. Later, flooding in the north and droughts in the south hurt several countries' harvests and forced expensive purchases of Western grain...
...years the autumn landscape in the fertile Red River valley of North Dakota and Minnesota was unchanging: acres of wheat extended to a flat skyline broken only by the lonely silhouettes of grain elevators. Now the amber waves are interrupted by broad patches of dark brown, and the horizon is punctuated by tall processing towers. These are signs of the region's hot new cash crop, which is also becoming an important export: the sunflower...
...source of those light gray seeds that birds like to peck at and kids love to munch. But what is exciting farmers is a somewhat shorter (5 to 6 ft.) variety that yields a dark brown seed containing a high-protein food oil. This fall growers in North Dakota and adjacent states will harvest more than 5 million acres of what they call "flower," double last year's planting and 100 times as large as that of a decade ago. Some 75% of the crop, which will fatten farm incomes by $800 million this year, is sold in Europe...