Word: crude
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...Strategic items under flat embargo were reduced from 260 to 170. Permitted exports include crude oil, diesel oil, mica, non-military tires, non-turbine locomotives, air-conditioning equipment, general-purpose machine tools, light generators, light tractors. Raw copper is still banned, but copper wire is released...
RUSSIA'S TRADE with the West will pick up. Under British pressure, 15 nations (including the U.S.) have agreed to lift export controls on crude and diesel oils, light machine tools, farm tractors, copper wire, air conditioners, mica, tungsten, some 150 other products. Still under embargo: 170 strategic items, including weapons, uranium and airplanes...
WEST GERMAN OIL industry is making a rousing comeback. New and rebuilt refineries are turning out 10,-500,000 tons (74,808,300 barrels) a year (12% of all European production), and crude-oil production is up to nearly 2,500,000 tons a year, one-third of domestic consumption...
...Turkey's strides) rose 7%, but trade among the nations of the region declined, and the area's unfavorable balance of trade with the outside world rose. ¶ The area's proved oil reserves (half the world's reserves in 1952) rose another 18.6%. Crude output also increased 15.1% over the previous year. This brought in a whopping $500 million in royalties. Saddening note: less than a fifth of the amount was plowed back into the needy regions for development. Much of the remaining income was apparently salted away abroad...
...world premiere. Eugene O'Neil bad called "Fiesta" the best example of Mexican peon life he had ever read; the author was even journeying to Cambridge to see his play staged. But the long arm of decency stopped in after several complaints from spectators that the play was "crude and immoral." Three days after it opened, the mayor of Boston banned the production...