Word: crude
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...months Russia's headlong Nikita Khrushchev had seemed incapable of putting a foot wrong. His ways might be crude, his methods clumsy, but his words had an engaging candor. He conceded nothing, but incessant Russian appeals for a summit meeting "to relax tensions" had thrown the West on the propaganda defensive. Unilateral Russian "renunciation" of nuclear tests-after the Russians had just completed a series of tests-enabled Khrushchev to pose as the world's leading advocate of disarmament. But just when everything seemed to be going so well for him, Nikita Khrushchev's foreign policy suddenly...
...rounded up some 200 silk weavers, most of whom had taken up other trades, supplied them with the raw silk and dyes to turn out finished products on their crude home looms. The silks became so popular with the diplomatic colony and tourists (many of whom ask for "Jim Thompson's place" as soon as they arrive in Bangkok) that Thompson quickly expanded, in 1950 formed his own company with $12,000 capital. Though he is its biggest stockholder, he took pains to make the company a Thai enterprise, accepted only four Americans among his 36 stockholders. His company...
...midst of one of history's great oil gluts. The U.S. is swimming in oil, with excess stocks of 781 million bbl.-65 million more than last year. Oil production in Texas and Oklahoma has been chopped back drastically; Venezuela, which sends 20% of its crude production to the U.S., has been forced to reduce production even more. Canadian oil sales are in bad shape, and refinery runs of Alberta crude, which comprises 90% of Canada's oil, are at a new low of 271,958 bbl. daily. Only in the Middle East is production still climbing; even...
...problem by continued overpricing. The general advance in oil prices that accompanied Suez has still not been adjusted downward to normal markets. Though refiners have cut some petroleum products (e.g., gasoline, kerosene), they are in no position to cut prices enough to spur consumption so long as basic crude prices remain high. The price of domestic crude in the U.S., for example, has jumped from $2.84 per bbl. in 1956 to $3.16 today, and producers make no bones about the fact that they prefer to cut production rather than drop prices sharply in a wholehearted campaign to increase sales...
...inventories, while many independents clamored for further import cuts (see Oil). Texas cut its April allowable another 120,203 bbl. and scheduled only eight days' production (2,444,571 bbl. daily) for the entire month, the lowest level in history. Although gasoline stocks topped those of 1957, heavy crude oil and heating-oil stocks were coming down to size. Last week Gulf Oil Corp., Phillips Petroleum Co., Texas Co., Tidewater Oil Co. and Shell Oil Co. all reported record sales-and often record profitssfor 1957. Almost without exception they expected a good year in 1958. Said Cities...