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...chief Communist weapon is smearing the U.S. and U.S. business. Newspapers trumpet wild charges, e.g., that the U.S. military advisory mission is plotting a coup. U.S. housewives on shopping trips have been heckled with shouts of "Yankee go home," and on Caracas' new Armed Forces Avenue, crude painted signs urge "death to the imperialistic Yankees." Venezuelan schoolchildren only seven and eight years old came out of one grammar school chanting memorized anti-U.S. slogans. In good-humored rebuttal, U.S. oilmen, who have kept Venezuelan oil flowing through dictatorship and revolution, are forming the SPCAID-"Society for the Prevention...

Author: /time Magazine | Title: VENEZUELA: Red Surge | 8/11/1958 | See Source »

Petrobrás' shortcomings cannot be hidden. It produces 50,000 bbl. of crude oil a day. must import the other three-fourths of the 200,000 bbl. daily consumption at an annual cost of $250 million-roughly equal to the current year's trade deficit. All the oil comes from a single area in Bahia, and Bahia crude is heavy and high in paraffin content, useful mostly for waxes, asphalt and fuel...

Author: /time Magazine | Title: BRAZIL: Reappraising Petrobr | 8/11/1958 | See Source »

...first living things, they say, were probably crude, simple versions of DNA. So why do they expect me to be any different...

Author: /time Magazine | Title: Letters, Aug. 4, 1958 | 8/4/1958 | See Source »

...paring down of its once formidable powers, Britain's House of Lords has suffered many a trauma. But few came as quite such a shock as the Great Trauma of 1922. That year the Viscountess Rhondda, a doughty Welsh suffragette who went to jail once for dropping a crude incendiary bomb inside a post box, had the gall to request a writ of summons that would give her a seat alongside Their Lordships. A few of the noble lords found her petition "irresistible," but not so the grumpy Lord Chancellor, the Earl of Birkenhead. The Lord Chancellor...

Author: /time Magazine | Title: Foreign News: Respectable, But.. . | 8/4/1958 | See Source »

...supplies were tighter and demand stronger than at any time since the post-Suez glut. By cutting production, imports and refinery runs in the first half of 1958, oilmen had whittled gasoline and crude-oil inventories to what they consider ideal levels. Last week stocks of gasoline slid to 183 million bbl.-a six-week supply-and crude dropped to 252 million bbl.-a five-week supply. More important, the boom in vacation driving boosted gasoline demand in June 4% above April and May, one of the best gains in twelve months...

Author: /time Magazine | Title: Business: Oil Up | 7/21/1958 | See Source »

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