Word: oil
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Dates: during 1950-1959
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...special study mission, Congressmen Hays and Coffin interviewed some 125 leading Canadians in Montreal and Ottawa, heard familiar complaints about U.S. tariffs, oil import quotas, and price-cutting in sales of surplus wheat. They also found a nagging worry that U.S. corporations are gaining too much control over Canadian resources...
...tanker, San Flaviano, erupted in a series of explosions that broke the vessel's back. An Indonesian corvette, anchored protectively at the harbor mouth, took a direct hit, burst into flames from stem to stern. The Royal Dutch Shell Co. hastily shut down its installations at Balikpapan, signaled oil tankers to clear the area...
...promised administrative austerity, but said the broader solution for the nation was "encouraging productive private enterprise." He pledged that there would be no new expropriation of foreign investments, though industries already nationalized would be kept. He announced that he was taking over as president of the floundering state oil monopoly and would accept aid from private capital, "without abolishing state control...
...problems-it's creating them," says San Francisco Social Worker Janet Pence, who recently retired her 1951 Hudson in favor of a pale blue Volkswagen. "When it became difficult to park downtown, we were greeted each year with a longer car. When the price of gas and oil went skyhigh, we were asked to buy gas guzzlers. Well, we plan to become a two-car family soon, just as Detroit advises. But we're getting another Volkswagen...
...particularly object to chrome and wild colors," says Alexander P. Gest Jr., president of the small Mitchel Oil Corp. in Mamaroneck, N.Y. "But the thing I can't stand is that you can't tell the present-day cars apart. They all look alike. I honestly can't tell a Plymouth from a Cadillac when they go by fast...