Word: toed
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Dates: during 1970-1979
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The U.S. has tapped just about all the easily recoverable oil and gas it is likely to find within its own land area. Now the most promising areas for new finds of these fuels lie offshore, under water depths ranging from a few yards to 1,000 ft. or more...
Estimates of how much oil could be tapped off Alaska's entire outer continental shelf (OCS), including the Beaufort Sea, range up to 25 billion bbl., or nearly three times the reserves in Alaska's Prudhoe Bay field. Some oilmen believe that with a big development effort, Alaska...
The controversy surrounding Aramco underscores the internal tensions within the U.S. over the nation's alarming dependence on foreign crude. The oil industry must have billions of dollars to expand U.S. drilling, exploration and other energy-producing investments that are needed to escape OPEC's hold, and Aramco...
Last week briefcase-toting oilmen gathered at a Fairbanks hotel to bid for drilling rights in the first small part of the U.S.'s Beaufort Sea sector to be opened to exploration. Offers by the companies totaled $2 billion for some 500,000 acres of tracts, but when the...
The Interior Department has required the companies to take costly environmental precautions in the area. Oilmen will mount their rigs on artificial islands built of gravel. Those located in water depths of more than 42 ft., the Government insists, must be left unused for two years, to see if they...