Word: bermudez
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...island of Bermuda was discovered in 1515 by a Spanish sea-captain whose name, strangely enough, was Juan de Bermudez. To celebrate this coincidence, the entire Bermuda Chamber of Commerce bicycled through the surf to meet his boat and present generous gifts of rum and other sundry spirits...
Said Antonio Bermudez last week: "We have every reason in the world to be optimistic ... In 1950 we should be able to average 250,000 barrels a day. Within the next 60 days we will be able to announce three important new contracts with United States groups...
...blue-chip game of international oil, Mexican Oil Czar Antonio J. Bermudez thought he had an ace in the hole. Though Mexico had kicked out U.S. oil companies in 1938 and seized their properties, he thought they would crawl back if egged on by the State Department...
...Mexico in 1938, most major U.S. oil companies have shown little desire to go back in, despite repeated invitations. Last year, Cities Service Co., the only one that had not left Mexico, took on a job of drilling new wells. But otherwise, the best deal that Antonio J. Bermudez, boss of Pemex, Mexico's oil monopoly, could make was with J. Edward Jones, a small U.S. oil promoter, to drill 100 wells (TIME, Sept. 22, 1947). He drilled...
This week, Bermudez, still trying to get U.S. know-how to help his inefficient monopoly, landed a bigger fish. He signed a contract with a new company, the Mexican American Independent Co., giving it a twelve-year concession to drill wells along Mexico's tidelands near Yucatan and elsewhere. The new company was formed when Edwin W. Pauley, California oilman and good friend of President Truman, joined up with Ralph K. Davies. of the American Independent Oil Co. (TIME, Sept. 1, 1947) and Samuel B. Mosher of California's Signal Oil & Gas Co. The new Pauley company would...