OIL & GAS: Pipeline for Florida

OIL & GAS

For Florida's booming economy, one of the big postwar problems has been the area's almost complete dependence on oil for fuel and the danger of a shortage of tankers. Last week it looked as if Florida would soon get another important fuel supply—natural gas. In Washington the Federal Power Commission handed down permission for Texas Wheeler-Dealer Clint Murchison to hook his Coastal Transmission Corp. into Houston Texas Gas & Oil Corp., build a $150 million pipeline system to supply gas everywhere along the fast-growing peninsula.

Murchison will build a 574-mile pipeline eastward from McAllen, Texas, gather gas from producers along...

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