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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Jun 17, 1956
Page
14
Cole Durango of Bakersville California captured a 21 inch trout in the Pine River. He earned first prize using a marshmallow bait in the local fishing contest.
Paul Kayser of Houston testifies before the Senate lobby investigating committee that the oil and gas industry can inform the public about gas problems and meet objectives without action by Congress. NGORC supporters testified about funding and intent as Ike vetoed a direct price controls bill.
The Oil and Gas Journal notes rapid growth in petrochemicals led by butadiene and synthetic rubber. Four new plants will lift regional output to 343000 short tons of butadiene and 232000 long tons of synthetic rubber annually, with Texas and Louisiana housing major shares of national capacity. Increase in this two-state area pushes the industry to record heights.
In Rock Island Illinois a 14 year old James Carroll walked to the sergeant’s desk and dropped a 25 pound bomb shocking officers. Police investigated and alerted bomb experts while securing the scene. No injuries were reported as the device was neutralized.
The Independent Petroleum Association of America forecasts a softer market for U S crude oil over the next three months with higher imports and a seasonal drop in demand. Imports are seen at 1 035 million barrels per day June through August and total petroleum demand at 8 600 million barrels daily, offset by lower domestic output.
In Los Angeles a search targets thousands of holders of likely worthless deeds to New Mexico land near Grants and Gallup. The Phillips Petroleum Co seeks leases to develop these tracts after uranium finds nearby, but 3,000 plus deeds remain unfound. A Gallup firm has traced about 1,600 holders in four months.
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