Word: petroleum
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Dates: during 1980-1989
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...fact, the question of what constitutes a truly American icon has become befuddling. A Sohio gasoline station? British Petroleum owns that company now. An Allis-Chalmers farm tractor? The West Germans manufacture those. Ball Park franks are owned by a British conglomerate; so is French's mustard. The take from Las Vegas' Dunes Hotel and Country Club, one of the best-known American gambling and entertainment centers, will soon go to its new Japanese owner. The latest hit recording by Country Singer Kenny Rogers is a foreign-owned product; his record label, RCA, is now West German property. And what...
...supporters of the use of U.S. military escorts for reflagged Kuwaiti oil tankers outnumbered opponents by almost 2 to 1. Some of those sentiments, however, are based on erroneous information: 85% said the escorts were important to "protect oil shipments going to the U.S." In fact, most of the petroleum products carried in the U.S.-escorted vessels are bound for Western Europe and Japan...
...mining around the Iranian oil refinery at Kharg Island or around the major port of Bushehr, two crucial harbors for Iranian sea trade. If more aggressive U.S. strikes were needed, particularly in retaliation for direct attacks on the tankers, bombers from the Constellation could hit Iranian airfields and key petroleum-refining installations with ease...
...Soviet pact spotlighted Iran's strategic importance. One of the world's leading oil producers, Iran (pop. 50 million) has more people than all the other gulf states combined and geographically dominates the richest petroleum- producing region on earth. The country is a vast land bridge between the gulf and the Soviets on the north, the Turks on the west, and the Asian nations of Afghanistan and Pakistan on the east. Washington rightfully views any increase in Soviet influence in Iran as worrisome indeed...
...silt sediments deposited from rivers, bays and inlets over the past 5,000 to 8,000 years. As the sediments gradually compress under their own weight, the surface sinks lower. On the Gulf Coast, a process called subsidence, caused in part by the extraction of groundwater and petroleum from subterranean layers of sand and clay, has forced the land, already virtually at sea level, to drop 3 ft. a century. In all, the coastline of the northeastern U.S. may recede an average of 200 ft. in the next 50 years; in some parts of Florida, where the land is flatter...