Word: oilmen
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...calculated move to help pay for the Viet Nam War-without raising taxes-the Johnson Administration in 1968 invited oil companies to lease about 453,-600 acres of federal waters for offshore oil and gas drilling in California's Santa Barbara Channel. The oilmen paid $624 million for 70 leases. But just as the Nixon Administration took office in 1969, a massive underwater blowout began slopping 1,000 bbl. of oil a day over miles of Santa Barbara's white beaches, killing marine creatures and raising a huge public outcry...
...House Public Works Committee, he plans to go even farther. He proposes to open the hitherto untouchable-indeed, almost sacrosanct-Federal Highway Trust Fund to purposes other than building roads. By so doing, Volpe will antagonize the highway lobby, a powerful amalgam of contractors, oilmen, billboard companies, automakers and others. The fight of his political life appears imminent...
...European oilmen share Petrofina's enthusiasm. Royal Dutch Shell, which is exploring its own leases in the North Sea, found the estimate a "complete exaggeration." British Petroleum was "slightly surprised" by the find, but an official admitted it was unlikely that Phillips would exaggerate or overestimate. Neither Shell nor B.P. sees North Sea production seriously competing with cheaply transported Middle Eastern crude soon...
...Oilmen are fast discovering that pollution cannot be dismissed as the price of progress. In the toughest federal action ever brought against a polluter, a grand jury in New Orleans last week indicted the Chevron Oil Co. on a 900-count criminal charge of having "knowingly and wilfully" failed to provide safety devices on 90 wells in the Gulf of Mexico off the Louisiana coastline...
...concluded that the leak was caused by violations of federal regulations laid down in the Outer Continental Shelf Lands Act of 1953, which he himself had toughened in 1969. Hickel charged that Chevron had failed to equip some wells with required "chokes," which automatically shut off runaway oil; the oilmen were presumably mindful that the safety devices can become clogged with 'sand and reduce the flow of crude. The Secretary later boasted that he had found "the guy, the very guy" who had lifted the choke from one offending well. Hickel also asked the U.S. Geological Survey to check...