Word: gulf
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Dates: during 1950-1959
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Fifteen years ago, when the Nazis and the Communists were such fine false friends, Stalin and Hitler agreed on the direction in which Russia really should expand: down towards the Persian Gulf. In looking southward, the Russian was echoing an ambition as old as Peter the Great's push for a warm-water port...
...three years U.S. oil companies (among them Gulf, Jersey Standard, Socony-Vacuum, Caltex) have been urging the Italians to modify their restrictive 1927 mining law, passed under the Fascists. The companies hoped for the prevailing 50-50 split of profits after taxes -the successful formula in Saudi Arabia and booming Venezuela. They also wanted the opportunity to compete on an equal basis with E.N.I., the government's oil monopoly, a swiftly growing octopus directed by a smart and aggressive apostle of state socialism named Enrico Mattei...
...partnership with other oil firms, Conoco has leased 587,000 acres of offshore land, more than any other U.S. company. In the race for the estimated 12 billion barrels of oil under the Gulf waters, Conoco ranks...
...honour of France." In all the world there is probably no one more certain of this than De Gaulle himself. In his story of World War II, The Call to Honour, he plainly sees himself as more savior than soldier and ends on a mystical note: "Poring over the gulf into which the country has fallen, I am her son, calling her, holding the light for her . . . I can hear France now, answering me . . . Ah! mother, such as we are, we are here to serve...
...International Bank. The bank said it could advance no more funds unless the Turks drastically overhauled their policy and established their financial solvency. Menderes next called in an old friend, Max Thornburg, a rich, retired U.S. oil executive of 63 who lives on his own island in the Persian Gulf and devotes much of his time and widely admitted talents to helping Middle Eastern governments with their economic planning. Thornburg told Menderes that 1) he was rushing ahead too fast with his industrial-development program; 2) there was so little overall planning and scientific management that barely half...