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...promise of a free hand. He has put together 15 crack geologic field parties, ten gravimeter and 15 seismographic crews, 36 wildcat rigs. But so far he has not found a single economically operable well outside of Bahia, despite the fact that Brazil has some 1,350,000 sq. mi. of potential sedimentary deposits. The big snags are a mile of solid rock beneath the surface in potential oil lands and, above the surface, miles of red tape...

Author: /time Magazine | Title: BRAZIL: Reappraising Petrobr | 8/11/1958 | See Source »

...elements of Admiral Holloway's power: 6,100 marines and 3,100 Army airborne troops, installed on a secure beachhead equipped to shoot anything from obsolete Mi rifles to atomic-rocket projectiles; the 76-ship, 35,000-man Sixth Fleet offshore, whose Skyraiders could take an A-bomb from Beirut to Moscow; the Air Force Tactical Air Command's 200-plane composite task force-Douglas B66 and Martin 6-57 light jet bombers. North American F-iooD fighter-bombers and McDonnell F-IOI fighters-at nearby Adana, Turkey, an atomic-and conventional-armed reminder of the mighty, miles...

Author: /time Magazine | Title: ARMED FORCES: Restrained Power | 8/4/1958 | See Source »

Among the many places Egypt's President Nasser keeps a roving eye on is his big (967,500 sq. mi.) southern neighbor of Sudan. The Sudan, ruled jointly for 56 years by Britain and Egypt, got its independence only 2½ years ago. But the Sudan's wily and forthright Moslem Premier Abdullah Khalil has shown himself surprisingly capable of keeping his young nation free. Eight months ago he smashed a threatened coup by arresting three officers and firing eight others, has since insisted on keeping his army free of Cairo-tainted men. Though pro-Nasserites shrilly...

Author: /time Magazine | Title: THE SUDAN: The Stubborn One | 8/4/1958 | See Source »

...signed contract with Pan American International Oil Co. (Standard Oil of Indiana). Pan American will invest $60 million in a 1,540-sq. mi. section of Santa Cruz and Chubut Provinces. For the first five years Pan American will get $10 for each cubic meter of oil it produces for Y.P.F., then the price will gradually be adjusted to match prevailing world prices...

Author: /time Magazine | Title: ARGENTINA: Killing the Sacred Cow | 8/4/1958 | See Source »

Barely three years ago the Southwest's Four Corners area was a 15,000-sq.-mi. wasteland inhabited by Indians, mostly Navajo, whose sheep battled the jackrabbits for meager forage. Last week the mesa-dotted region, where the boundaries of Utah, New Mexico, Arizona and Colorado meet, was the hottest petroleum area in the U.S. Each day El Paso Natural Gas Co. piped more than 600 million cu. ft. of natural gas to the Los Angeles market from 3,000 wells; other companies piped huge amounts to the Pacific Northwest, Santa Fe, Albuquerque and Los Alamos. Oil company pipelines...

Author: /time Magazine | Title: OIL & GAS: The Four-Cornered Can | 7/21/1958 | See Source »

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