Word: oilman
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Dates: during 1970-1979
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...people who work in this business are not sissies, and they don't like sissies either," says a Canadian oilman who once worked with John Kenneth Jamieson, Exxon's chairman and chief executive. "Jamieson is .one of the toughest and most evenhanded men I have ever met. When you are supposed to get something done for Jamieson, you had better get it done...
...that investment will be slow, because construction of mines and refineries will take about five years. The first plants are expected to produce 250,000 bbl. of shale oil a day. That is only 1% of the nation's daily demand for oil-"a teacup," says one oilman. The justification is that if all goes well, the shale-oil industry could be expanded to provide 1 million bbl. a day by 1985, and eventually perhaps 100% of the U.S.'s needs...
Short-Handed. A possible middle course would allow the government to own all the oil equipment and hire Western companies to operate it, an arrangement worked out between Iran and its foreign oil firms after the Anglo-Iranian Oil Co. was nationalized. One U.S. oilman terms such deals, which would allow U.S. companies to continue turning a profit in the Middle East, "the wave of the future," and Gaddafi probably will want foreign oil workers to remain on his soil, since Libya is short of native technical and managerial talent...
They cannot be run for quick profit, either. Ted Johnson, onetime manager of a ski lodge at Alta, Utah, last year opened Snowbird not many miles away. Johnson and his principal backer, Texas Oilman Dick Bass, have dumped $17 million into Snowbird, including $2,250,000 for a Swiss-built aerial tram that carries 125 people at a time up an 11,000-ft. incline to the main peak. The tram, most capacious of its kind in the world, is started and stopped by a computer. Johnson and Bass do not expect to be in the black for another...
...permanent, year-round residents, who hired Minger and run the town, are mostly conservative, family-oriented folk. They can afford to pay $35,000 or more for condominiums. Houses in the golf-course area start at $90,000, and Texas Oilman John Murchison's glass-and-aspen vacation house is probably worth $500,000. For years, anyone thought to be a hippie was not overly welcome, and longhairs found it difficult to get work and a pad. Youthful counterculturists discovered that Vail was not the best place to be a ski bum, particularly after local police pulled some tough...