Word: pumps
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Dates: during 1950-1959
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FIRST OIL PIPELINE to California is starting to carry crude from Four Corners region, where Arizona, New Mexico, Colorado and Utah meet. The 16-in. line, which runs 750 miles, will pump up to 70,000 bbl. per day, will ease oil deficiency on West Coast and spur exploration for new sources in Four Corners area...
...EXPANSION by Socony Mobil will pump alltime-high $435 million into new equipment and exploration this year, up $14 million from 1957. About 65% will be spent at home, though Socony gets only 40% of its earnings in U.S. Company expects free-world consumption of oil to increase by at least 50% within decade and industry will have to invest $115 billion to meet...
...recession with heavy spending; the Democrats are trying to spend too much too soon. Senate Minority Leader William Fife Knowland thought he knew where to begin the slowdown, went back to the Capitol to take aim on a Democratic special: the $1 billion Community Facilities bill designed to pump 3½% loans into worthy town and city public-works projects, which Banking and Currency Committee Chairman J. William Fulbright had reported onto the Senate floor for speedy action. Before the day was done, stolid Bill Knowland's slowdown had rolled into a fast-moving Republican revolt against the well...
...been talking about farm-prop cuts during the 1956 campaign. Quite the contrary, claimed Young, and added portentously: "Explain that to your farmers." Colorado's Gordon Allott suggested that the caucus might take advantage of the recession by casting the farm freeze as one of the antirecession pump-primers currently in favor with both the Administration and Congress. Utah's Arthur Watkins argued against a caucus resolution favoring the farm-freeze bill, pointing out that his fellow Mormon, Ezra Benson, would surely resign if Ike were to sign it. At that point, over the smeared luncheon dishes...
...economy's sturdiest pillars in 1958 got still another buttressing last week. To President Eisenhower went an anti-slump bill designed to pump up to $1.85 billion in Government funds into the housing market, already clipping along toward 1,050,000 new housing starts this year. Its goal: to raise the totals by another 100,000 houses, create 500,000 new jobs this year, and lay a solid floor under those sagging industries that lean heavily on home construction-appliances, lumber, transport...