Word: survey
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Dates: during 1970-1979
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...seismologists who turned up for the informal monthly meeting of California's Pick and Hammer Club expected an evening of socializing and routine gossip about faults, core samples and volcanoes. Instead, they heard scientific history in the making. As part of his work for the U.S. Geological Survey's Earthquake Research Center, Seismologist Malcolm Johnston had just finished analyzing data from seven monitoring stations set up along the San Andreas Fault in the quake-prone Hollister area. His figures, Johnston told his colleagues, showed that the strength of the local magnetic field had suddenly risen between...
...Rangely oilfield in northwestern Colorado. There, Chevron was recovering oil from less productive wells by injecting water into them under great pressure. The recovery technique was setting off small quakes, the strongest near wells subjected to the greatest water pressure. If water was pumped out of the earth, the survey scientists wondered, would the quakes stop? In November 1972, they forced water into four of the Chevron wells. A series of minor quakes soon began, and did not stop until March 1973. Then the scientists pumped water out of the wells, reducing fluid pressure in the rock below. Almost immediately...
Compared with a year ago, to be sure, profits still look bad. Citibank calculates that second-quarter earnings of the 1,331 firms in its survey fell 17% below a year earlier (see chart); manufacturers were down 22%. Scruggs predicts that for all of 1975, corporate earnings will sink 20% to 25% under 1974-the most severe year-to-year drop since...
...conclusion of TIME'S survey of modern capitalism [July 14] is that "there is no alternative that credibly promises both wealth and liberty." Nonsense. Defenders of capitalism (TIME included) naturally propose Communism as the only alternative, since nobody wants that oppressive system. The real alternative to both systems is democratic socialism, which can be achieved through reform and evolution-precisely what has been happening in America. As socialists work to modify the system toward even greater democracy and equality, the specter of authoritarianism will be raised. Yet America has been moving toward socialism for four decades, and our system...
...well be that there is just not much oil left to be found in the continental U.S., at least not in amounts large enough to justify a pell-mell drilling rate. No one knows for sure, of course, but experts are beginning to wonder. The U.S. Geological Survey recently cut in half its estimate of recoverable oil left in the U.S., to 82 billion bbl. Oil Expert Walter Levy questions whether it makes much sense for oil companies to continue "spending more and more, and finding less and less." Wildcatters will no doubt continue exploring vigorously, but they have accounted...