Word: trillion
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Dates: during 1960-1969
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...have been after the North Sea sixpence ever since Esso and Shell in 1960 found a mammoth gas pocket (estimated reserves: 1 trillion cubic meters) in the Dutch coastal province of Groningen, near the German frontier. Studying their maps, they concluded that the pocket extended far beyond Groningen out under the sea, last year began exploring the bottom. Seismographic tests were unanimous; though no gas has actually been found at sea, geologists are now convinced that the North Sea hides tens of trillions of cubic meters of gas, dwarfing even the two trillion cubic meters under the Texas Panhandle, long...
...year 1894, Cygnian scientists, hunched over their radios, heard the familiar static of space crowded into the background by an unfamiliar signal. The message was undecipherable, but its meaning, they decided, was clear. They were receiving greetings from Earth, that little planet in the solar system some 66 trillion miles away...
...power as never before-and is struggling to overcome a shortage of it. From Singapore, where new entrepreneurs hawk the output of 10-kw. mobile generators, to Switzerland, where ancient glaciers help turn turbines as they melt, East and West this year are expected to consume a staggering three trillion kilowatt-hours of electricity. That is double 1954's consumption-and by 1974 the total is expected to double again...
...prosperity and widespread speculation have all pushed up land prices and made old Henry Ford's dictum come true in a way that he never anticipated: "The soil is the source of wealth-not the banks." The worth of all the land in the U.S. is half a trillion dollars-nearly twice the assets of all commercial banks...
...tomorrow, the U.S. has over come the postwar building shortage caused by a burgeoning population and expanding business. In Chicago last week, at a meeting of realtors from across the U.S. and 20 foreign countries, officials calculated the value of residential real estate in the U.S. at half a trillion dollars - about a quarter of the nation's total wealth. They could only guess at the value of the office buildings, stores and shopping centers that have also proliferated since the war. The big economic effect of all this construction is that the real estate market, which...