Word: oiling
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Dates: during 1950-1959
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...Soviets, using U.S. accomplishments as targets even in their weak areas, have plans to produce by 1972 as much crude oil as the U.S. pumps...
...Nasser might more profitably operate the canal. He might pay the company in installments out of his $115 million-a-year canal tolls, and the bank might consider advancing him cash, and is already offering him technical advice, to widen and deepen the ditch for the ever-growing oil traffic...
...FIRST OIL PIPELINE to California is starting to carry crude from Four Corners region, where Arizona, New Mexico, Colorado and Utah meet. The 16-in. line, which runs 750 miles, will pump up to 70,000 bbl. per day, will ease oil deficiency on West Coast and spur exploration for new sources in Four Corners area...
...Phillips Petroleum Co. announced last week that its credit-card holders around the U.S. may buy as much as $150 worth of gas, oil, tires or auto accessories while on their vacation, and take up to six months to pay for their purchases...
...OIL EXPANSION by Socony Mobil will pump alltime-high $435 million into new equipment and exploration this year, up $14 million from 1957. About 65% will be spent at home, though Socony gets only 40% of its earnings in U.S. Company expects free-world consumption of oil to increase by at least 50% within decade and industry will have to invest $115 billion to meet...