Word: oiling
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Dates: during 1980-1989
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...site for huge potential oil reserves, Alaska's North Slope has long been a battleground between environmentalists and energy companies. Interior Secretary Donald Hodel renewed the debate last week by proposing that a section of the Arctic National Wildlife Refuge be opened to drilling. He would permit exploration on 1.5 million acres of the 19-million-acre preserve, which could contain between 600 million and 9 billion bbl. of crude. Conservationists contend that drilling would disturb the region's delicate ecosystem for little reason: a strike, they claim, would add just 4% to U.S. oil reserves. Canada also objects...
What worries college and university officials is that the aide was talking about higher education and not traditional special interests such as steel manufacturers and oil producers...
...opportunity has been too big to pass up. Smugglers last year ferried as many as 2 million cases of booze into Canada, hiding the stuff in everything from false oil tanks to Winnebagos to the doors of ordinary autos. Annual cost to Canada's federal and provincial governments: up to $151 million in lost revenues...
Barnes' tenure was relatively brief but superheated. After becoming chairman in 1981, the Harvard-educated lawyer pumped Mellon loans to energy companies in the Southwest and beefed up its real estate portfolio in Dallas and other oil towns. The lending and real estate business foundered along with OPEC: energy-related loans now account for more than half of Mellon's $1.45 billion in write-offs and nonperforming assets. Mellon also has $178 million in repossessed properties, a sixfold increase from what it owned in late 1984. Bad loans to Mexico and Brazil further crimped the bank's strained resources...
...gaffe-free campaign that provides scant fodder for his hungry rivals. Perhaps his only strategic error was to neglect the Iowa battleground for much of 1986. But Hart's Senate record wins Democratic applause, especially his consistent opposition to Reaganomics and his long advocacy of an oil-import fee. Hart's speeches have grown more evocative and thematic; technocratic details are now left to his position papers, which are voluminous enough to satisfy anyone's hunger for beef...