Word: oilings
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Dates: during 1960-1969
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...Congress. Viewing the surtax as his key weapon against the inflation that in June boosted the consumer price index by six-tenths of 1%, he has made it clear that he is willing to pay a price for its extension. Nixon last year indicated opposition to changing the oil-depletion allowance, but he will probably sign any tax-reform bill passed by Congress...
...citizens joke grimly. "He decays." The Federal Water Pollution Control Administration dryly notes: "The lower Cuyahoga has no visible life, not even low forms such as leeches and sludge worms that usually thrive on wastes." It is also-literally -a fire hazard. A few weeks ago, the oil-slicked river burst into flames and burned with such intensity that two railroad bridges spanning it were nearly destroyed. "What a terrible reflection on our city," said Cleveland Mayor Carl Stokes sadly...
...Golden Gloves welter weight champion of Kansas and never went to college. During his 29 years in Alaska, where he arrived with 370, Hickel amassed a fortune of more than $14 million in hotels, land and natural-gas holdings. After he became Governor in 1967, his friendliness to oil companies gave him a reputation for putting industrial development before everything else - a reputation that was enhanced when he freely scorned "conservation for conservation's sake." At the Senate hearings preceding his confirmation, Hickel even seemed deaf to the fact that industrial pollution threatens not only trees and lakes...
Last week Hickel announced a long-term financing plan to help municipalities control water pollution by building up-to-date sewage plants. He has plunged into the Santa Barbara oil-leak fiasco and ruled that offshore drillers must bear unlimited liability for causing pollution and harming marine life-a big surprise from an alleged pawn of the oil companies. A year ago, Hickel was spurring exploitation of Alaska's oil-rich North Slope. Now he calls for forced-draft studies on how to "protect the fragile Arctic environment from the processes of exploitation...
...Petroleum is a good example of where we could set direction and give incentives-like the oil industry's depletion allowance, for instance. Maybe rather than cut depletion or raise it or whatever, we should tie it more strongly to exploration and research, for example, into new methods of cutting down on pollution. Maybe we could give a similar advantage to other industries and tie it to how they use it. Let's say the automobile industry has some kind of tax incentive to look into other kinds of transportation like steam or electric cars. That might...