Word: oiling
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Dates: during 1950-1959
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...Livermore Laboratory Director Herbert York, Harvard Chemistry Professor George B. Kistiakowsky. The fifth new member, Lieut. General (ret.) James Harold Doolittle, is a notable all-round man -engineer (doctor of science, M.I.T., 1925), topflight air commander in World War II, executive (a director and vice president of Shell Oil Co.). and one of the clearest voices in the field of defense. M.I.T.'s Dr. James R. Killian, who is also a member of the committee, still remains the presidential eyes and ears on the subject. But as a presidential committee, the scientists will be able to deal more directly...
...Ranch, where the land and the vast expanses seemed more like home than granite-blocked Washington or gleaming Dallas. There, in five-gallon hat and astride a quarter horse, he got a close look at the King Ranch's own Santa Gertrudis breed of cattle and the clanking oil-digging rigs. At week's end he flew on to California and a trip to Disneyland...
Authority & Oil. By week's end the fighting between Moroccan nationalists and Spanish colonial forces had spread south to the Spanish Sahara. Moroccan newspapers reported nationalist attacks on a village at the mouth of the Saguia el Hamra (Red River) and Spanish bombing raids on the inland villages of Smara and Sidi Ahmed el Aroussi; more than 200 Moroccans were reported killed...
Since 1945, when the great offshore rush began, the oil industry has spent some $2 billion-including more than $400 million in lease payments to the U.S., Texas and Louisiana*-on the search. But it has earned back only some $400 million...
More for Less. As in many another industry, oilmen have also found that it is costing more and more to produce less and less, and are looking for ways to cut expenses. Says Kerr-McGee Oil Industries President Dean McGee: "Offshore drilling was a natural to come first. When you are trying to cut costs, the most expensive operation that is giving you the least return is where you begin...