Word: petroleum
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...problem began as workers were performing maintenance operations on a well at Phillips Petroleum Co.'s Platform Bravo, a stilt-legged rig some 280 kilometers (175 miles) southwest of Norway. Usually crews conduct these periodic "workovers" by closing the valves on the "Christmas tree," or top part of the well, pumping heavy mud down the well shaft to force the oil back to its underground reservoir, and then sealing the well with a cap called a blowout preventer. This time, as the crew worked to fasten the blowout preventer, pressure in the well unexpectedly built up and blew...
That comment by an oil expert points to one of the most troublesome problems facing Jimmy Carter in selling his energy program. The President based his case for urgent conservation efforts partly on a CIA study that forecasts serious world petroleum shortages and economic upheavals as early as the mid-1980s. No sooner had he stopped speaking, however, than critics-most notably Ralph Nader-began contending that the U.S., and the world, contains more oil than Carter seems to think. If that idea takes hold with the public, the President can scarcely hope to rally the U.S. for the "moral...
...critics were strengthened last week by release of a United Nations report, prepared by an international symposium of petroleum experts, that took a much more optimistic line. Oil and natural-gas supplies, declared the U.N. report, "would most probably be available, albeit at a substantially higher cost, not only for the next two or three decades but very likely during the period of transition to the use of renewable energy sources even if this transition should last a hundred years or more." The U.N. experts believe that today's high oil prices will encourage exploration in remote, previously uneconomic...
Aware that they could easily be used by Carter as foils in his drive to persuade the public to accept his program, most leaders of the oil and auto industries deliberately withheld their public fire?and ire. Said Frank Ikard, president of the American Petroleum Institute: "No segment of society is going to have everything its own way. But it would be tragic if strident divisiveness prevented the creation of a meaningful policy." Yet from Houston's Petroleum Club to Detroit's Athletic Club, leaders of the most affected industries were fuming...
...average for the typical German suburb. Nonetheless, a lingering frugality engendered by the war years pervades Rösrath and makes the residents far more energy-conscious than their counterparts in Hinsdale. Says Housewife Edith Szyperski, 42: "When we were children we had to save. We often had petroleum only a few hours...