Word: exporting
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Dates: during 1950-1959
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...free world's oil-and 80% of Western Europe's supply-has been coming from the oilfields of the Middle East. Last week, as a result of bombing, sabotage and plain self-defense, the flow of some 1,700,000 bbls. out of total export production of 2,600,000 bbls. a day had been cut off or disrupted, at least temporarily, and the prospects were that the flow of a few hundred thousand more barrels might...
AMERICAN COAL SHIPPING Inc., the export combine of John L. Lewis' United Mine Workers, seven mine operators and three coal-hauling railroads (TIME, Oct. 15) will buy control of Bull Lines's 15-ship fleet for $45 to $50 million. Pending approval by Federal Maritime Board, shipping company will use eleven Bull C-2 dry-cargo carriers to ship coal to Europe, perhaps South America and Japan...
FIRST NUCLEAR REACTOR for commercial export has been approved by Atomic Energy Commission. Built by North American Aviation, 50-kw. reactor will go to Japan for use in research. AEC will follow with export licenses for reactors to West Germany, The Netherlands and Brazil. 20TH CENTURY-FOX, second biggest U.S. moviemaker, is moving solidly into television's camp. For $30 million, Fox has given National Telefilm Associates rights to distribute 390 of Fox's best-known pre-1948 films (Laura, The Razor's Edge, Gentleman's Agreement, etc.) over network of 112 U.S. TV stations...
...Mexico loan, $23,260,000, was the last installment of a $150 million credit earmarked for Mexico by the Export-Import Bank in 1950 to cover a variety of projects. One of the Mexican railroad systems' biggest problems is a lack of engines to haul its rolling stock, so about half the money will be used to buy diesel locomotives, both road and switcher types. Most of the remaining cash will be spent on rails, switches, communication equipment and electrical supplies...
Without O'Connor, Dresser might never have got the Russian drill. The Commerce Department first refused to let Dresser export any technical information in exchange for the drills; eventually, O'Connor worked out a straight cash deal with the U.S.S.R. O'Connor feels that getting the Russian equipment was worth the trouble, since U.S. engineers were unsuccessful in developing a turbodrill that could withstand the strain and pressure of deep drilling. Says O'Connor: "That's where the Russians beat us. They decided that if they were going to drill with mud, they must lubricate...