Word: oiling
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Dates: during 1950-1959
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...rots, no metal rusts, no food decays, few bugs survive. But U.S. interservice rivalry flourishes there. Most recent example: the argument over the marking of the 6,000-ft. ice landing-strip runway at McMurdo Sound. Navy ground crews insisted upon marking ends of the runway Navy-style, with oil barrels painted black, or even-as a concession to Air Force protests-by painting some of the barrels orange. The Air Force cargo pilots, who fly in from New Zealand, held out for the way the Air Force marks its ice strips in Canada, Alaska and Greenland-by planting double...
...first eight months of the year were off 6%. Newsprint production declined in September and was expected to dip further in the final quarter; higher production costs had trimmed paper-company profits by 20% to 30%. In prospering Alberta, a slump in both domestic and export sales of crude oil cut scheduled November production to the lowest rate in 2½ years. Drilling was off, and one drilling contractor reported: "One third of our rigs are down and the others are not making any money." And prairie farmers counted their losses in millions of dollars when early storms dumped...
Despite below-capacity operation in many segments of the steel industry, Republic Steel raised its nine-month earnings 30%, for a record $73 million, and Inland Steel lifted its nine-month net to $43 million, 18% over 1955, its best previous year. Among the oil companies, hurt by overproduction, Socony Mobil and Shell Oil both reported profit dips. But Phillips Petroleum and Texas Co. reported 1957 profits ahead...
PIPELINE INVESTIGATION by Justice Department will look into charges that some of the 52 pipelines owned by 36 major oil companies, which signed a 1941 consent decree, compete illegally against independent oil companies that pay to use pipelines. Sample complaint: that pipelines pad their rate base to pay excessive dividends to their owners which in effect amount to rebates on carrying the owners' oil...
...Classic Cars. The paramount importance of style, so evident in 1958 models, was slow to make itself felt on automakers. In the years when buying, driving and tinkering with the family car were a proud male prerogative (and when most car owners could still distinguish a carburetor from an oil filter), the big sales features were dependability and technical improvements-plus the giddy growth of the U.S. itself. Every new road opened up a new market; every new mechanical advance-hydraulic brakes, balloon tires, steel to replace wood and leather-brought the new buyers flocking to Detroit's door...