Word: esso
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Dates: during 1950-1959
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...fast payoff. For getting YPF's oil out of the ground and to the wellhead, the Carl M. Loeb, Rhoades group, investing $100 million, will get 70% of the world oil price until its investment is amortized. 15-20% after that. Five other big companies (Pan American International, Esso, Shell, Union Oil of California, Tennessee...
...typical company damned the alcoholic worker as a weak-willed degenerate, and fired him instead of helping him. But no more. Last week in Manhattan, at a symposium sponsored by the National Council on Alcoholism, doctors and officials from two dozen blue-ribbon U.S. companies, including IBM, RCA and Esso, agreed that the corporation can cure the alcoholic, told how it is being done...
...prices at $22 per metric ton (about $3 per bbl.) and not to advertise. But cheaper oil flooded in from neighboring nations and Iron Curtain lands. Small, noncartel companies cut oil prices as low as $15 per ton, tripled their market share to 25%. Last week giant Esso A.G., a subsidiary of Standard Oil Co. (New Jersey), alarmed because its share of the market had dropped from 35% to 25%, stomped out of the cartel rig; out followed Shell, Mobil Oil, British Petroleum...
...aqueducts crumbled away. Last year the U.S. built 37 schools and equipped five teachers' training colleges (the nation has only 25 college graduates). In what may prove the greatest boon of all to the Libyan standard of living, after four years of probing the desert crust for oil, Esso Standard (Libya) last month drew an astonishing 17,500 bbl. a day in a test run of its first Zelten field well, hopefully spudded in Zelten...
...fight them. West Pointer Tachito has a 4,000-man army, with Garands. Thompson submachine guns, .30-cal. machine guns, a few mortars. For Central America his air force is impressive: 20-odd P-51s. Tracking his troops on an Esso map last week, Tachito disdainfully dismissed the revolt as a "flop.'' For his part, Luis put Nicaragua under a state of siege and pressured the Organization of American States into a reluctant, long-distance study of the uprising...