Word: exportable
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Dates: during 1950-1959
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Still stronger protests came from Venezuela and Canada, which export oil to the U.S. Canada's Finance Minister Donald Fleming angrily declared: "The Canadian government cannot accept the view that there is any justification for U.S. limitations on oil coming from Canada on either economic or defense grounds...
...terms of actual oil sales, Canada's hurt is less in the present than in the future. Canadian oil exports to the Pacific Coast are running around 82,000 bbl. a day. At most, they are likely to go down no more than 5%. But Canadian oil economists projected a major increase in shipments, anticipated that in five or six years oil-rich Alberta, for example, would be pumping 400,000 bbl. of oil daily into the U.S. market. Any move to set limits on Canadian oil imports was a signal to Canada not to count too much...
...finance the $345 million city he authorized Novacap to speculate in Brasilia's residential land. He begged U.S. Ambassador Ellis Briggs for a Brasilia loan as a "personal favor," got $10 million from the Export-Import Bank...
Each day brought reports of new seizures of Dutch properties. Thirty Dutch-owned steamships were seized in Indonesian waters. Dutch property transfers were placed under stringent control. In Djakarta the Nederlandse Cultuurbank and the last of the "Big Five" Dutch export-import firms were taken over by Indonesian management. The central government ordered some 500 Dutch agricultural estates throughout the islands (sisal, palm oil, spices) placed under the supervision of the Indonesian Ministry of Agriculture...
...spend its money on plugging one of the many gaps in NATO's conventional defenses than on the wasteful French A-bomb program (TIME, Dec. 9). Britain also wants greater pooling of scientific talent. "The Germans are free to devote 95% of their technological know-how to their export drive while we have 70% of ours tied up on defense work," they complain...