Word: foreign
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Dates: during 1950-1959
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...Charles de Gaulle's dreams of the grandeur of France. For if the Sahara's already proven oil reserves-conservatively estimated at 700 million tons-can be successfully tapped and marketed, France will no longer have to lay out some $300 million a year in hard-won foreign exchange to pay for the oil needed to keep French industry and transport running. More important yet, France will no longer be so dependent on the whims of Arab rulers in the Middle East...
...Ears. As French government and industry poured capital into the Sahara, at the current rate of more than $200 million a year, foreign oilmen at first looked on with skepticism. They questioned French estimates of reserves; they observed that the Sahara's sweet crude (more than 40 degree gravity) yields far more gasoline than Kuwait crude-but less than half as much heavy fuel oil. France most needs heavy fuel oil for its industry, said Petroleum Week, warning of the danger that "France would soon have gasoline running out its ears...
...most of all, foreign oil companies were doubtful that oil could be got out through war-torn Algeria. The F.L.N. rebels, insisting that the French Sahara is an inseparable part of Algeria (although most Algerian Moslems fear the Sahara and have traditionally avoided it), swore to destroy any oil the French tried to move out of the desert, proclaimed that the rebel government would automatically consider void any Sahara concessions that foreign oil companies negotiated with the French government...
...having proved his courage in crisis, the King still finds his efforts to achieve stability in Jordan blocked by the Palestinian refugees, that disgruntled one-third of the nation upon which foreign and domestic demagogues play. Any real effort to improve living conditions in Jordan, such as the recent Hammarskjold irrigation schemes, runs afoul of the refugees' suspicion that it is a plot to divert them from their right to recover their lost homeland in Israel. Last week, standing slim, straight and small in his field marshal's uniform on the balcony at Tulkarm, Hussein could...
...industrial plants of West Europe and Japan (see below) become larger and more efficient, often by adopting U.S. methods and automation, competition for world markets grows tougher by the day. The U.S. is being challenged in some of its prime markets, notably in Latin America, by everything from foreign-made appliances to agricultural machinery...