Word: boost
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...swell the flow of oil to Europe, the Texas Railroad Commission last week finally ordered a big boost in allowable production. The decision added 210,901 bbl. to Texas daily output to a record 3,773,054 bbl. Behind the expected move (TIME, Feb. 18) was Ernest O. Thompson, senior member of the state's three-man commission, who insisted ever since the Suez Canal was closed that three small raises totaling 210,000 bbl. were the best contribution Texas could make...
...Though Texas had to be paid off before it moved, the resulting production boost will solve some problems for oil lifters. Jersey Standard Oil President M. J. Rathbone told a House committee that in order to get 1,365,000 bbl. of fuel oil for Europe, his buyers had to accept a tie-in deal from three refiners for 302,000 bbl. of "unwanted" gasoline. Yet so far, testified Rathbone, Jersey Standard has tailored its lift to Europe's needs, shipped 20 million bbl. of crude, only 431,000 bbl. of gasoline. Asked the probers: Was the recent boost...
Then why did oilmen wait for the Suez crisis to boost prices? Maine's Senator Margaret Chase Smith guessed it was for the same reason that Texas held down allowables. Appearing in behalf of her consumer constituents before the Senate's O'Mahoney subcommittee, she testified: "It is entirely possible that prices were not raised by domestic producers prior to the Suez crisis for the very obvious factor of competition from foreign imports. Perhaps domestic producers didn't dare increase prices for fear they would lose such markets as New England. Obviously these attempts...
MORTGAGE HELP is coming from Congress. While Senate is considering boost, House voted a $500 million increase in amount Federal National Mortgage Assn. can borrow from Treasury to buy U.S.-insured mortgages from private lenders. Bill will tide over Fannie Mae until June 30, by which time Eisenhower Administration hopes to hike agency's borrowing power by $1 billion...
...will probably be passed by Congress this year. Unions want to extend law to 10 million more Americans (now covered: 24 miliion) to cover most workers for big companies engaged in interstate trade, plus some in retail trade and service, laundry and dry cleaning, communications, taxi business. Next goal: boost minimum wage to $1.25 from $1 an hour...