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...salt, one or two miles across and sometimes taller than the Rocky Mountains, are the famed salt domes of the Gulf Coast. In the eyes of the oilmen, they are lovely things. As the salt pokes through the sediment beds, it bends and breaks them and drags them upward, forming many pockets to trap the oil that has formed from marine organisms buried in the sediments. Best of all, salt domes all but shout, "Here we are!" To an oil geologist using the proper instruments (gravimeters and seismographs), a deeply buried dome stands out like a snowcapped mountain against...

Author: /time Magazine | Title: Science: THE OILMEN & THE SEA | 7/5/1954 | See Source »

Spurred on by the hope that Canada would soon be piping gas into the Pacific Northwest-the only major area in the U.S. without natural gas-speculators ran prices upward. Last week the bubble burst...

Author: /time Magazine | Title: OIL & GAS: Decision for the Northwest | 6/28/1954 | See Source »

From Alaska, George W. Argus Jr. wrote on April 14 to his parents, who run a Brooklyn bakery: he was going to climb Mt. McKinley (20,269 ft.), North America's mightiest peak, soaring upward three miles from its base. Moreover, he was going to try the formidable South Buttress. "It's as safe as walking down the street in New York," he wrote...

Author: /time Magazine | Title: ALASKA: Single Slip | 6/14/1954 | See Source »

...week's line-rolling, but carefully watched on all sides, is an important issue that will work for one side or the other: the state of the U.S. economy. Three months ago Democrats began to cry "Republican recession." By last week most of the business indicators clearly pointed upward. Before the polls open, that issue may shift to the G.O.P side...

Author: /time Magazine | Title: THE NATION: Rolling Out the Lines | 6/7/1954 | See Source »

...control but each will try to use: the condition of the U.S. economy. Paul Douglas has been crying that the U.S. may be heading for a depression, has made the main issue of his campaign "the restoration of prosperity and substantially full employment." If the economy turns solidly upward before November, Mr. Retail will be able to saw off the Professor's self-made economic limb...

Author: /time Magazine | Title: National Affairs: Mr. Retail v. the Professor | 4/26/1954 | See Source »

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