Word: crude
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Dates: during 1950-1959
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...that time most of the camp's 750 Hungarians were crowding close, shaking fists and screaming obscenities at the two cowering Communists inside the sedan. Hands thrust up a crude red banner. In German it proclaimed: "Pfui to Communist Bloodhounds." Below was a roughly inked figure dangling from gallows: "Kadar." "How much did you get from the Russians?" roared one young man. "You come here to smile but at home you are killing the people," spat an old woman. "We don't want to see our children's hangmen," yelled another...
When Petrobrás, Brazil's government-owned oil monopoly, asked foreign oil companies late last year to submit bids for supplying 90,000 bbl. of crude oil a day to a projected new refinery in Rio de Janeiro, there was a string attached. In passing, Petrobrás suggested that the oil companies might like to offer financial aid towards construction of the refinery. Last week word came from Brazil that Petrobrás had accepted a Texas Co. offer to supply 15,000 bbl. of crude a day and to make a fiveyear, 6% loan...
...deal was profitable in both directions. By offering the loan. Texaco built good will for continued sales of refined and crude products, helped build future demand. For Brazil the new plant will boost daily refining capacity to 243,000 bbl., 68,000 bbl. more than current consumption. When the refinery is built, Brazil will be close to balancing consumption and refining capacity for the first time in its history. Petrobrás, however, is not yet out of the woods. Domestic production of crude oil is an embarrassingly low 25,000 bbl. a day-and exploration and development work still...
...Suez Canal. But as matters stood last week, the oil lift across the Atlantic seemed to be going from bad to worse. In seven days the U.S. averaged shipments of only 454,000 bbl. of petroleum products to Europe, of which barely 183,000 bbl. daily were crude oil, far below the figure of 500,000 bbl. daily the U.S. had promised...
...brisk intramural war, the Texas Railroad Commission, which controls 45% of all U.S. production and grimly guards the interests of small independent producers, blamed the major companies for the industry's troubles. Texas independents called angrily for major refiners to 1) cut back their imports of Venezuelan crude oil, thus making that oil available for direct shipment abroad, and 2) reduce refinery runs, to make even more crude available for shipment abroad. Furthermore, said the independents, refiners should change their entire historic pattern of refining oil: they should crack less gasoline, which Europe does not need, instead produce more...