Word: millions
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Dates: during 1950-1959
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Transmission) signed up on a similar profit-sharing basis for a minimum investment of $126 million...
...upon expiration in 20-30 years, the wells themselves. To come in on such terms, the companies demanded and got a fast payoff. For getting YPF's oil out of the ground and to the wellhead, the Carl M. Loeb, Rhoades group, investing $100 million, will get 70% of the world oil price until its investment is amortized. 15-20% after that. Five other big companies (Pan American International, Esso, Shell, Union Oil of California, Tennessee...
...proof of the Frondizi policy pours in, nationalistic outcries have died. Oil imports, which caused a crippling trade deficit, dropped from $280 million in 1957 to $174 million this year, and will cease in 1961. As befits a nation ranking twelfth in the world in proven oil reserves, Argentina plans to be selling a yearly 25 million bbl. of petroleum abroad...
...substance to the animals at least 48 hours before slaughtering.) Manufacturers agreed to stop selling stilbestrol to caponette raisers, and the farmers agreed to stop using stuff they will no ' longer be able to get. The Department of Agriculture was stuck with the job of buying up $10 million worth of caponettes already on the market...
Aware that modern nuclear research is too expensive for any but the world's giant powers, twelve of Europe's nations* launched CERN in 1954 as a scientific venture in international cooperation. CERN's most ambitious project so far is the big accelerator. It cost $35 million, took four years to build, ran into many obstacles. Perhaps the toughest was the discovery that the ground near Geneva trembles measurably every month or so. "It was found," says CERN's Canadian-born Jack MacCabe, "that these tremors were caused by Atlantic storm waves pounding on the beaches...