Word: trillion
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Dates: during 1950-1959
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...just a bit dubious at finding himself in step with the herd. The crystal-ball gazers predict that the national product will jump to a $500 billion rate in the first quarter, race on to $525 billion or better before leveling off at $510 billion and the first half-trillion economy the world has ever known...
...CORPORATE ASSETS are nudging the trillion-dollar mark. The Internal Revenue Service reports that total corporation holdings are $996.5 billion...
...quarter, would be cut so sharply that the rate may drop by more than $10 billion in the third quarter. Chiefly because of the depletion in inventories, they expect the gross national product to skid $5 billion in the third quarter, perhaps preventing the G.N.P. from reaching the half-trillion mark by year...
...that no one else wanted. This week he was preparing to pile up another fortune, based this time on his nose for natural gas. His Associated Oil & Gas Co. announced that it has proved up perhaps the largest untapped gas field in gas-rich South Texas. Estimated reserves: a trillion cubic feet. But that was only Harry Mosser's opening card; he also announced a contract to sell 800 billion cu. ft. of gas to Coastal States Gas Producing Co. at 16? per thousand cu. ft. (with escalator clause), biggest such deal in years. Coastal will build...
...natural gas-and oil is in such surplus-that the market has burgeoned, put a premium on gas discoveries. Mosser now has more than 18 oil and gas rigs drilling, brought in more than a dozen wells. He has two other promising fields that may well yield another trillion cubic feet of gas. Says Mosser: "We'll take the oil, but it's the gas we're really after...