Word: oiling
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Dates: during 1970-1979
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...Sierra Club and similar groups are allied to stop or at least to stall shale development. Water, a precious resource in the tri-state region, is one of their greatest concerns. Conservationists claim that shale extraction could use from one to five barrels of water for each barrel of oil, but company officials maintain much less would be required. Critics also argue that the underground marl-cooking process could release salts, and perhaps even arsenic, into the region's ground water. Shale opponents protest finally that the surface-retorting process leaves piles of rubble and dust behind that would...
Although the first shale patent was granted in England in 1694 and called for distilling "oyle from a kind of stone," oil from the dark, veined rock so far has not been developed primarily because conventional petroleum has always been cheaper. Now, at last, economic necessity and innovative technology may lead to tapping the vast potential of shale...
Seismologists now believe they have part of the answer. Using oil-exploration equipment, they bounced sound waves off the subterranean rock where the tremors were centered. The echoes yielded a surprising profile of this hidden structure...
...inflation outlook offers no reason for the Fed to pull back. Last week Carter's anti-inflation czar, Alfred Kahn, admitted that his earlier hopes for the nation to be out of double-digit inflation by next spring have been eliminated by increases in oil prices and mortgage rates. Kahn argued that inflation will not be brought under control so long as OPEC continues raising the cost of crude and the U.S. remains dependent on foreign oil. As a means of lessening that reliance, he said, the Administration had been considering a 500 per gal. gasoline tax and even...
...response to the hostage trauma in Iran, the price of oil is poised for yet more damaging leaps upward...