Word: oils
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Dates: during 1970-1979
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...resource-rich regions. No place has the pace of exploration and the intensity of development to match the Rocky Mountain region that embraces Colorado, Utah, Wyoming and Montana. Locked in the area's majestic peaks and prairies are the nation's most lavish supplies of undeveloped coal, oil, natural gas, shale oil, uranium and almost everything else that creates power...
Violent volcanic eruptions shaped the lofty Rockies near by, and today Denver is once again thrusting skyward. This time the earth shakes with 45-ton drilling cranes and six-cylinder Cat loaders constructing skyscrapers of polished granite, cold steel and gleaming glass. As the world price of oil rockets, energy firms are converging on Denver to exploit the surrounding area's resources. With the Administration's proposal to pour out billions in Government money to create synthetic fuel industries, the rush stands to become a stampede. Even if Congress allocates only a fraction of the subsidies that Jimmy...
Already more than 2,000 energy-related companies have set up shop in the city. They range from one-man operations selling drilling-survey data to such giant conglomerates as Gulf, Texaco and Standard Oil Co. of California. Newcomers have swelled the population of the metropolitan area from 1.2 million in 1970 to 1.6 million today-including 4,000 geologists. One of the nation's fastest-growing cities, Denver has begun to rival Houston for the title of "Energy Capital, U.S.A...
Proclaiming the city's energy eminence are the names over the doors of its new office towers: Energy Center I, the Petroleum Building and Anaconda Tower (the old copper mining company, now owned by Atlantic Richfield oil, is big in uranium). Construction of a 36-story Amoco Tower and a 23-story Energy Plaza will be completed next year. In all, 27 major office buildings are now going up. Work on two dozen more office complexes will begin in 1980. All this has transformed the once unimpressive skyline of Denver...
Typical of the aggressive, independent energy gamblers who are settling in Denver is Jerome Lewis, president of Petro-Lewis Corp., one of the country's 15 largest independent oil exploration and production companies. Lewis began as a consultant eleven years ago, and today he holds an interest in 11,000 wells in 21 states. Sitting amid the chrome and crushed velvet of Denver's Petroleum Club, Lewis gestures toward the Rocky Mountains still glazed with snow and exults: "This is today's big oil frontier. It is the most exciting thing in America's energy equation...