Word: oilfields
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Dates: during 1950-1959
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...temporary opening into Phillip's stomach so he could be fed, and another opening in the lower bowel for evacuation. But the sickly infant, in constant danger of death from pneumonia or choking in his own saliva, was still an insupportable burden to his father (a low-paid oilfield worker) and his mother who had four other youngsters to care...
...northeastern oilfield region of Kirkuk last week, street fighting broke out between Kurds and Turks, with the Communists mixing in; about 20 were killed. Kassem remains emotionally antiWestern, but seems belatedly learning to suspect Communists. After the Kirkuk flare-up he warned the Communists that it was the government's job, and no one else's, to determine who are "enemies of the people," and "we will settle accounts with all who attack the liberty of the people...
Last week few knew how long the bonanza would last-or how far out and down the oilfield goes. Wildcatters were putting down wells over an area of hundreds of square miles north and south of the strike, seeking to establish the field's boundaries. In one solid gesture of confidence in the future, the Ashland Oil & Refining Co., purchaser of the bulk of the field's output, already has invested $200,000 in gathering lines, last week took bids on a $2,000,000 pipeline to pump oil directly to its refinery in Louisville, 70 miles away...
...revolution, and it was cursed with a primitive economy-though not so primitive as China's present masters like to pretend. Mao inherited from the Japanese a major coal and steel complex in Manchuria and from the Nationalists considerable light industry as well as the Yumen oilfield-still China's biggest. Under Nationalist rule China's industrial production had risen 80% between 1933 and 1945. By the time Mao appeared, the stage was set for a Chinese industrial revolution comparable to that experienced by Japan in the 1880s or Germany under Bismarck. All that was missing...
...pick up the tab for losses. But Hughes is having troubles in other parts of his empire. Hughes Tool Co., which is financing T.W.A.'s new jets, is in no position to absorb more heavy losses. For years the company did a $120 million annual business in oilfield equipment-and turned a 50 profit before tax on every dollar. Now profits are down sharply. A decline in oil drilling, rising competition at home and imports of oil from abroad will cut its business to between $70 and $80 million this year, with profits of about $20 million after taxes...