Word: shale
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Dates: during 1960-1969
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...clowning, Scheel (pronounced shale) is tough and talented. "I am not a special friend of pretension," he said at his swearing-in ceremony last week. Like Brandt, he is truly a self-made man. The son of a wheelwright from the knives-and-scissors town of Solingen, he did not continue his education beyond high school...
...Alberta, a $240 million plant built by a Sun Oil Co. Canadian subsidiary will begin extracting 45,000 bbl. of oil a day from the Athabasca tar sands, which contain 369 billion bbl. of recoverable oil. Interest is also reviving in Colorado's vast deposits of oil shale. Recently, some producers in Kansas, Oklahoma and Texas raised basic crude-qil prices 80 to $3,08 per bbl.-closer to the point at which extraction of oil from shale could be economical. After that price rise, other producers were telephoned by White House officials, who warned them that anything over...
...Hunt" Hartford is not about to change his spending habits. What will he do with proceeds from his stock? Says he: "I'll probably put it primarily into ventures I'm already in-the art gallery, Denver's Oil Shale Corp. and Paradise Island." He has also invested in a 500-room hotel to be built on Paradise Island, the Bahamian resort of which he sold 75% in January for $12.5 million, after having spent $30 million on the project...
...heap of feudin' and fightin' lately in the poverty-pocked Appalachian Mountains of eastern Kentucky. Behind the legal protection of mineral-rights grants dating from the last century, companies have let mine debris bury trees, pollute streams with fish-killing acids, even damage homes with boulders and shale cascading down mountainsides. One woman watched in horror as a bulldozer uprooted the coffin of her infant son, sent it tumbling down the hill behind her house. Since last summer, sporadic gunfire has erupted between the angry mountaineers and the armed guards of the mine operators...
...Shale oil lands are at present owned by several companies, Galbraith noted, and thus "are being deterred not by government ownership of other land, but because of the costs of development...