Word: oil
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Dates: during 1950-1959
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...very sight of government airborne troops seems to be an unnerving thing for rebel commanders. When 200 paratroopers fluttered down into the Central Sumatran oil center of Pakanbaru, an 800-man rebel garrison took to the hills (TIME, March 24). Last week the hard-working paratroopers were shifted to Medan, the North Sumatran rubber metropolis of 520,000 people that had just been seized by some 1,500 rebels under Major Boyk Nangolan. As the grimy paratroopers in their red berets moved in, Major Nangolan hastily moved out, first scooping up 18 million rupiahs from a local bank and taking...
Over the Horizon. At week's end the government advances continued with the seizure of the Rengat-Lirik area, headquarters of the big, U.S.-owned Standard Vacuum Oil Co. and the last major oil installation remaining in rebel hands. Colonel Simbolon had finally pushed through to the vital road junction of Pematang-siantar, joining up with Nangolan's battered forces from Lake Toba and the rebel column from Tapanuli. but he appeared more concerned with defense than with another attack on Medan...
...were pumping gas and one of your students came in and asked for a tankful. How did you feel about it?" The reply: "Well, that doesn't happen very often, but it does bother you. I mean, they want you to wash the windowshield and check the oil-things like that. They give you the full treatment-checking the tires...
...February, Detroit's automen reported a sharp, continuing sales rise in March, with sales of some cars up as much as 25%. Oilmen, too, thought they might be bottoming out of recession, had cut production drastically to reduce inventories, while many independents clamored for further import cuts (see Oil). Texas cut its April allowable another 120,203 bbl. and scheduled only eight days' production (2,444,571 bbl. daily) for the entire month, the lowest level in history. Although gasoline stocks topped those of 1957, heavy crude oil and heating-oil stocks were coming down to size. Last...
...Farm. Oil's hopeful outlook was shared to an even greater degree by the farm-machinery industry, which started earlier on its recession and now seems to be coming out of it. With an end to the Midwest drought, and higher farm prices (see Agriculture), farmers were buying so much farm machinery that some companies are hard-pressed to keep up with demand. Massey-Ferguson. Ltd. sold more new combines and tractors between Nov. 1 and March 1 than at any other time in the past five years. Allis-Chalmers Mfg. Co. is well ahead of 1957, while...