Word: petroleum
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Dates: during 1960-1969
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...bridge, the missions were planned to apply yet another turn of the screw against North Viet Nam's vital rail system. Though the U.S. has long been attacking the railways south of the buffer zone, Hanoi still imports the vast bulk of its war materiel by train. While petroleum, food and fertilizer imports come in mostly by sea, the rail system so far this year has car ried 62,000 tons of ammunition, weap ons and trucks into the north. By un loading the rail cars in the buffer zone, which the U.S. itself imposed on the area...
...city officials' confidence has a firm financial basis. Five oil companies -Shell, Esso, Gulf, British Petroleum and Chevron-have zealously backed their every scheme. In response to the channel deepening, four have ordered no fewer than 82 tankers of the 175,000 to 225,000-ton class. And on land, they have invested more than $1 billion in facilities, about a third of it in chemical works and the balance...
...several new development programs. Shell began expanding its 20 million-ton refinery to 25 million, which will make it the largest in the world. At about the same time, Esso said that it would double its refining capacity from 8,000,000 tons to 16 million tons, and British Petroleum opened a $69 million refinery and designated Europoort its major stock and storage point in Europe. Finally, last week Gulf announced that it would build a $70 million chemical plant to manufacture polyethylene products...
Proven Principle. On the same day, Esso Petroleum of Great Britain held an oil disposal demonstration at its Fawley refinery near Southampton. Technicians poured a barrel of crude oil on a pond, then covered the slick with a shredded polyurethane foam developed by J. Bibby & Sons of Liverpool. The foam quickly turned black as it absorbed the oil. The oil-soaked foam was then simply trapped and towed ashore, where Esso showed how the oil could be pressed out for reuse...
...fields to conquer in the '60s have been tempted by the backward and fragmented housing industry. Most of them -including Alcoa, Union Carbide, Humble Oil, Reynolds Metals and General Electric-have found the resulting problems formidable and the profits elusive. Among others, National Gypsum, Certainteed and Sunset International Petroleum have retreated with bruises from construction ventures. But not ebullient Boise Cascade Corp., the Idaho-based paper, timber and building products maker. Having spread successfully into prefabricated homes and conventional housebuilding, the company last week moved into the land-development business as well...