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...Marshall, the Molotov plan meant such Russian control of the Austrian economy that Austria would become "a puppet." U.S. estimates showed that Russia would thereby control 100% of Austria's Danube navigation, 70% of her crude oil industry, 99% of her hard coal industry...

Author: /time Magazine | Title: CONFERENCES: Not Just No | 4/28/1947 | See Source »

...outbreak of violence which Jews and British feared came with a rush. There were explosions and gun fights in Haifa, Natanya and at five Army camps; two British officers and a Jewish civilian were killed. (In London a bomb was found in the Colonial Office; its crude timing device failed to explode it.) Irgun announced that it would take ten British lives for each of its "soldiers" hanged. Palestine was taut. The Army's showdown with the terror gangs seemed to be at hand...

Author: /time Magazine | Title: PALESTINE: Un-British | 4/28/1947 | See Source »

...chief geologist in 1926, with a free hand to "buy anything you want." It was the chance of a lifetime-if Gene knew his geology well enough to lease the right land. He did-and from this land came oil that helped make Humble the biggest single producer of crude...

Author: /time Magazine | Title: OIL: The Blue-Chip Game | 3/24/1947 | See Source »

...Straddling the Middle East for a distance of some 1,000 miles, the 30-inch pipe will shortcut the long haul by tanker from fields on the Persian Gulf to ports in the Mediterranean. It will cost some $100,000,000, will deliver up to 370,000 bbls. of crude oil a day, some 60,000 more than Big Inch (TIME...

Author: /time Magazine | Title: OIL: Bigger Inch | 3/3/1947 | See Source »

Author Wylie has little difficulty in showing that much of U.S. life is lived in opposition to what he calls instinct. He considers it intolerable that crude and artificial concepts of patriotism, economics, racial distinctions or hoary traditions should confine the individual to a limited scope of learning and living...

Author: /time Magazine | Title: Books: Whiff into the Midnight | 3/3/1947 | See Source »

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