Word: oiling
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Dates: during 1950-1959
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...Mediterranean, seems as placidly calm as a New England college. Sturdy, ivy-covered buildings, bearing the names of the university's pioneers and benefactors-Dodge, Post, Jesup, West-are flanked by the gleaming modern new engineering building and library. Though the university is largely supported by U.S. oil-company donations and grants from the Ford and Rockefeller Foundations, plus $1,000,000 a year from the U.S. Government for scholarships, it is so scrupulous of its impartiality that it gives only one course in American history and offers some of the best courses in the Arab world on Arab...
...bull market, investors sent International Business Machines up 21 points in two days to a new high of 358; Alcoa went to 101 for a 21% gain over the year's low, Revlon to 32 for a 34% gain; while California's Superior Oil jumped 145 points in four days to $1,695. All told, stocks on the Dow-Jones industrial average wound up the week 13.60 points higher at 516.89 for a new 1957 peak and within 5 points of the 521.05 record set last year...
...Wilson, Armco Steel's R. L. Gray, Armour's F. W. Specht, Crucible Steel's Joel Hunter, Firestone's Raymond C. Firestone, IBM's Thomas J. Watson Jr., Motorola's Robert W. Galvin, Radio Corp. of America's John L. Burns, Tidewater Oil's D. T. Staples, Westinghouse's Gwilym A. Price...
...Great Slave Lake area 540 miles north of Edmonton, where Canada's timberlands fade into bleak muskeg swamps stretching northward toward the pole, the signs of oil are as persistent as the mosquitoes. The first Canadian explorers found lakes covered with oil seeping from holes in the ground. Indians and traders skimmed it off for their cook fires, scooped up fistfuls of the rich black muck to waterproof their boots. But to commercial oilmen, the potential of the Great Slave oil has long been only a tantalizing dream. No one had much encouragement until this year. Then Phillips Petroleum...
Last week northwest Canada's barren muskeg was crawling with oilmen. To get in on the continent's hottest oil play, well over 200 companies will spend $160 million for exploration this year alone, and they are just getting started. Says Home Oil Geologist Alexander Clark: "This region is where Texas was 30 years ago. In the next 25 or 30 years, it is not unreasonable to expect there will be found hundreds of fields, some small, but others as big as anything yet found...