Word: pumpings
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...Pumps & Profits. Years ago, a marina could be built for a few thousand dollars: a wooden-piling dock, a gas pump, a shack to sell beer and bait. Today's marina may cost as much as $10 million or more for a layout as complete as any inland shopping center. Run properly, with low dockage rates (anywhere from ½?to 6? per foot per day depending on season) and efficient service, it can produce a handsome profit for any businessman. Says one East Coast marinaman: "With good management, you can conservatively make a 20% return on your investment each...
...will collect at least 32% royalties; the club will get $50,000 annually for ten years. For those golfers to whom even oil is less important than the ancient game, the club promises that drilling will be done off the fairways by soundproofed derricks, and that hidden pipelines will pump...
Early last week the Kern Hills, flying the U.S. flag, dropped anchor off Elath at the head of the Gulf of Aqaba and began to pump off its load of 16,500 tons of oil from Iran. Its arrival was almost unremarked. The U.N. troops still occupy the Egyptian side of the narrows, so Egypt could not shoot off its guns. No guns barked from the Saudi Arabian shores either, though Saudi Arabia had threatened to bar the Aqaba Gulf to unwanted ships. Israel, which had celebrated the Kern Hills' first voyage with crowing triumph, this time censored news...
...Barr's first move was to recruit a new force of officers; he gave them a stock option plan as incentive, equipped them with real, independent authority and then set to work on a new-look for the company. In quick succession, Barr formed a new department to pump life into merchandising and displays at Ward's 562 retail stores, expanded Ward's advertising-and-promotion staff, started pushing sales on credit and Ward's own private brands of paint, bicycles, fishing gear, etc. Working with the fat cash reserves piled up by penny-pinching, expansion...
...other alternative is to pump sea water down abandoned wells under high pressure to replace the oil in the sands before they collapse. Something like 900,000 bbl. per day will be needed, and the total cost is something that no one likes to think about (the pumps alone might cost $50 million). After three years of pumping, Long Beach might stop sinking. The land would never rise again, no matter how much water is forced into the sands. But pipes would stop breaking, pavements would stop cracking and dikes would not have to be raised every year...