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Then and Now - January 2008

January 1958 Midcontinent refiners register concern over reports that foreign oil is being moved up the Mississippi River by barge to be refined in Memphis. Superior Oil Co. management reports receiving a contract to sell 10,000 bbl/day of its Lake Maracaibo crude to customers in the United States. Richfield develops a punch card database for all of its California wells, thus moving to the next level in data retrieval. (OK. How many of you can remember doing your programming with punch cards? Remember, it was back during the "fountain pen" era.) Who will be the oil legislation "movers and shakers" in the 1958 Congress? Would you believe Senator J.W. Fulbright, author of the gas bill and chairman of the senate banking committee, and Representative Wilbur Mills, chairman of the House Ways and Means Committee. Both come from the state of …