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Newspaper
Sidney Telegraph
Location
Sidney, Nebraska, United States of America
Date
Oct 14, 1957
Page
3
This report highlights Oil Progress Week, honoring about 1.6 million oil industry workers across more than 2,000 trades. It notes petroleum’s vast impact on American life from mobility to plastics, cosmetics, and synthetic fibers, and recalls wartime and postwar oil leadership achievements.
The writer seeks consideration as an applicant for the Sidney Kiwanis Show STARS OF TOMORROW. They agree to follow contest rules and respect the judges' decisions.
A Chase-Pia study estimates resilience of reserves and retained profits, about 63 billion in capital from reserves and reinvested profits, with the rest to come from stock and bond sales. Availability of outside funds hinges on ongoing oil incentives to attract private investors as demand climbs.
The Chase Manhattan Bank study warns total oil industry costs to supply 33 million barrels through 1965 will reach 73.5 billion dollars. Most funds go to drilling as wells deepen, dry holes rise, and expensive exploration raises the price of oil production across the industry.
Noted German artist Albert Durer who died in 1528 was also renowned for his copper plate engravings, reflecting his versatility across printmaking and design.
Uruguay became a sovereign nation in 1828 following a treaty that ended a war between Brazil and Argentina over disputed territory.
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