Word: oilmen
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Dates: during 1980-1989
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With oil costs soaring, the hunt for alternatives to OPEC petroleum has become a global obsession. To bolster conventional sources of crude, oilmen are drilling more and deeper than ever before. Often they are going to depths of 15,000 ft. or more, and frequently in storm-tossed seas that not even a seasoned mariner would care to navigate. A record 60,000 new oil and natural gas wells are expected to be dug in the U.S. this year, as compared with 27,602 in 1973. Meanwhile, engineers are racing to find new and more effective methods to recover...
...back in 1965 to tip the odds on Western art in the direction of survival. Last year the 14th annual sale brought in over $870,000, but this year the cowboys hope to make real money. They are, in fact, on the point of becoming trendy. A group of oilmen plans to build a substantial museum for them over in Kerrville, Texas. A few months ago, they sent paintings, on invitation, to the 91st Salon of the Société des Artistes Indépendents in Paris...
...bring into being many items on their wish list, including stepped-up leasing of federal lands for oil and gas exploration, the easing of burdensome environmental rules and perhaps even a cut in the windfall-profits tax on the rising revenues from "old" crude oil. But a good many oilmen look for relief in these areas not so much from a G.O.P. White House as from conservatives who will be replacing anti-oil company liberals on key committees on Capitol Hill. Says Alton Whitehouse Jr., chairman of Standard Oil Co. (Ohio): "What I am really pleased about is what happened...
...survived with only token opposition. But Majority Leader Jim Wright, who has spent 25 years in Congress and aspires to succeed the Speaker when O'Neill retires, barely beat back a stern challenge in Fort Worth from conservative Republican Jim Bradshaw, who was strongly backed by some wealthy oilmen. But the third man in the Democratic hierarchy, Whip John Brademas, 53, of Indiana, lost his bid for a twelfth term to Businessman John Hiler. The attractive, young (27), conservative Hiler convinced the voters of his district, which includes South Bend, that Brademas, because of his leadership position...
...parting of ways. One day I told him I was going to beat him and get him out of Congress." Responds Wright: "Maybe he feels a guy who owns a ball club can buy a Congressman." The race has deeply divided Fort Worth's establishment of millionaire oilmen and ranchers, who have supported both politicians in the past...