Word: oiling
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Dates: during 1950-1959
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...OFFSHORE OIL PIPELINE on Atlantic Seaboard will be built for $40 million to $50 million off Delaware's coast to help supply Philadelphia area. Submarine line will extend four to five miles to deep water, enable supertankers to discharge oil offshore, pipe it into Delaware storage tanks before pumping it to Philadelphia area, eliminating tricky voyage through shallow Delaware River...
...OIL...
...Florida's booming economy, one of the big postwar problems has been the area's almost complete dependence on oil for fuel and the danger of a shortage of tankers. Last week it looked as if Florida would soon get another important fuel supply-natural gas. In Washington the Federal Power Commission handed down permission for Texas Wheeler-Dealer Clint Murchison to hook his Coastal Transmission Corp. into Houston Texas Gas & Oil Corp., build a $150 million pipeline system to supply gas everywhere along the fast-growing peninsula...
...have the project in full operation within two years. It should prove a bonanza to all. The two lines figure to gross close to $30 million a year from the transportation and resale of gas. And since Murchison's Coastal Transmission Corp. is owned by his Delhi-Taylor Oil Corp., he should make millions more by supplying a big part of the gas himself. As for Florida's businessmen and consumers, one witness, testifying in behalf of several Florida consumers before the FPC, said that they should save as much as $14.6 million in the first year...
...MIDEAST OIL expansion plans are being delayed by Western companies, worried that continued unrest will hurt their investments. Arabian American Oil Co. is cutting $10 million from its projected $80 million fund for construction and expansion this year, and other firms may follow suit. Because of Suez Canal closure and Saudi Arabian ban on exports to Britain and France, Aramco's daily flow is down to less than 700,000 bbls. v. more than 1,000,000 bbls. one year...