Word: oilmen
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Dates: during 1970-1979
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...said Carter, and oilmen are furious...
Beyond the business community, however, there is a question whether Carter's blast at the oilmen will help him or hurt him with two other groups: the Senate and, even more important, the public at large. Despite repeated warnings about the energy crisis, impassioned presidential statements about energy conservation being "the moral equivalent of war" and reams of statistics about the nation's gluttonous consumption of oil and gas, nothing seems to have persuaded the public that things are that bad. But casting the oil industry as the chief villain will not necessarily persuade people that the energy...
...Britain's long-anticipated great oil bonanza. With crude from the North Sea fields coming ashore at the rate of 830,000 bbl. per day, the nation will produce about half of the oil that it consumes this year, saving some $3.6 billion in its balance of payments. Oilmen expect that the country will be come self-sufficient in petroleum by 1980. Said Prime Minister James Callaghan after a visit to the huge "Forties" field: "God has given us an opportunity we have not had in a century. When you think about the impact of this...
Last week oilmen, who so far have lost $44 million in interest payments on their lease purchases, were back in business. A federal appeals court threw out the lower-court decision, declaring that the lease sales did not breach any environmental law and that the district-court judge had overstepped his authority. Delighted oilmen predicted that test drilling might start as soon as year's end. The decision presumably will also encourage oil companies to bid on leases scheduled for sale early next year on two other geologically promising areas of the outer continental shelf: Georges Bank off Massachusetts...
...Raceway (Alabama), Maverick (Colorado) and Fas Gas (Texas). What gasoline men describe as "the Taj Mahal of the self-service" is also an independent: a place in Las Vegas called Terrible Herbst that features 48 pumps, all run by a staff of two. The stations of the future, some oilmen say, may be somewhat like those run by an outfit in Brussels called Nafta, where a motorist punches his credit card number into a computer, then fills up his tank from an overhead nozzle. The computer then charges the amount of the customer's purchase to his bank account...