Word: oilfield
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Dates: during 1940-1949
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...Very End." Whimsical, sometimes irascible Bill Somervell, pride of the highly professional Corps of Engineers, has been criticized for many things. He was lambasted for his snap decision in the Canol oilfield project, and for sticking to it in spite of his critics. (Operation of the $24,000,000 refinery, built with U.S. money in Canada's Northwest, began a fortnight ago-TIME, Oct. 4.) Hard-boiled and quick-tempered when the heat is on, West Pointer Somervell has long riled more ceremonious men by his disregard of red tape, his ruthless firing of officers he deems incompetent...
...Nothing. But what really titillated the industry was that oil from the Cottingham may be the beginning of the end of a weary search for a vast new northwestern Oklahoma oilfield in what geologists long ago named the Anadarko Basin. Though seismograph crews have swarmed over the basin for eleven years, dynamiting and painstakingly recording the sound waves that came back to their earphones, its area and oil content are still unknown. Until the Cottingham came in on the east flank of the basin, Anadarko produced little but "dry hole money"-the cash that oil companies advance to an enterprising...
...turned up what will probably prove to be only the first of many tales of frantic, wasteful Army spending after Pearl Harbor. Lesson One involved $134,000,000 - the cost of the Army's long-secret Canol project for fueling Alaska Highway and air traffic by developing an oilfield in Canada's frozen Northwest near Fort Norman...
Last week Secretary Ickes, Petroleum Administrator, said unfinished Canol "is worth nothing and will have no value after the war," declared it "ought to be junked now." A WPB expert asserted that the 550-mile pipeline being laid between the oilfield and the refinery at Whitehorse in the Yukon will never function effectively because the mountainous wilderness it traverses is too cold...
...faster, has more range, recently had its fighting potency increased by addition of a nose turret. Its fighting and bombing performance in Europe has paralleled the Fortresses' work and it has been pulled out for special long-range work, notably the raid from North Africa on the Ploesti oilfield refineries. In the Pacific, in 161 sorties over a given period, 6-243 met 564 Jap aircraft, shot down 104-three Liberators were lost...