Word: oilmen
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
This is Oklahoma City (pop. 378,000), an amalgam of cowboys and oilmen, of good-ole-boy morality and Bible-thumping religion. Adultery and homosexuality are still on the statute books as illegal; so too is public drinking...
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...
...President-elect, though, also faces a darker side of the energy situation. Total U.S. crude oil consumption this year is about 16.8 million bbl. per day, and 6.7 million bbl. of that is imported. Despite their heavy drilling, oilmen are finding fewer gushers. By 1990, U.S. oil production will have diminished by about 20% from current levels. Thus, the U.S. will continue for most of the decade to be vulnerable to Middle East petroleum cutoffs and exorbitant OPEC price demands...
...concepts that the U.S. will have to produce, rather than conserve, its way to energy sufficiency and that the free market, rather than the Federal Government, should play the main role in developing future energy sources. "I would get the Government out of the energy industry and turn oilmen loose in the marketplace," Reagan told campaign rallies. The new Administration, therefore, expects to emphasize production by decontrolling natural gas prices before 1985, when controls are due to languish anyway, and to maintain the timetable set up by the Carter Administration for phasing out oil price regulations by the fall...
...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...