Word: oiling
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Dates: during 1980-1989
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Until now, T. Boone Pickens has limited his corporate raiding to the oil patch. But suddenly the investor, based in Amarillo, Texas, is taking a bit of advice from his best-selling autobiography, Boone: "It's important to show a new look periodically." Last week it was revealed that Pickens has set his sights on a surprising target: Boeing, the world's largest maker of commercial jets and a producer of military craft ranging from helicopters to cruise missiles. Pickens' investment group, Mesa Limited Partnership, is believed to have bought only about $15 million worth of Boeing's stock...
...bayou country, the intrusion of salt water from the Gulf has been aided by miles of canals and pipeline rights-of-way dredged by oil and gas companies. Ordinarily, much of the salty water would be forced out of marsh areas by seasonal freshwater overflows from the nearby Mississippi. But the river now rarely floods, thanks to massive levees built along its banks to protect riverside land. The combination of saltwater intrusion and freshwater cutoff, says Houck, leaves the wetlands "caught in a double whammy. You couldn't do a better job of screwing up Louisiana if you planned...
...natural cycle, but scientists suspect that this one may be different. They believe it is magnified by a fundamental change in world climate caused by a phenomenon called the greenhouse effect. Since the Industrial Revolution, people have been burning greater quantities of fossil fuels, such as coal, oil and gas. One by-product is carbon dioxide, which has entered the atmosphere in ever increasing amounts...
...There is always room for a really fine museum, and the proof is in Houston. The Menil Collection, which opened in June, houses the works assembled over the past 45 years by Dominique de Menil and her late husband John, who was chairman of Schlumberger, the giant oil-field services company. Through the '70s, as American museum and collecting habits became encysted with hoopla, glitz and architectural manipulation, Dominique de Menil remained absolutely committed to the ideal of art as art, of a museum whose discretion and neutrality would release the eloquence of the work it contained...
...years, American warships have been plying the Persian Gulf, symbolizing and substantiating the nation's role as a global power. Never before, however, have those vital waters seemed so treacherous. By blustering into an open- ended commitment to provide convoy protection to eleven reflagged Kuwaiti oil tankers, the U.S. now finds itself embroiled as a halfhearted belligerent in a seven-year-old struggle between Iran and Iraq and once more rattling sabers with Tehran's fanatic mullahs...