Word: oil
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Dates: during 1950-1959
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...TRADE EMBARGOES will be eased again. Western Europe and Japan want restrictions loosened on metalworking machinery and equipment for chemical, oil, power and electronic industries. U.S. is expected to bow to pressure...
...meager meal, a collection of half-filled rum and Coca-Cola bottles. Amid it all sat a tall, heavy-shouldered man whose massive head, topped by long, reddish-brown hair, gave him the appearance of an aging lion. Contented as a man in the plushest executive suite, American Oil Billionaire Jean Paul Getty, 65, probably the world's richest private citizen, went calmly about his work...
Again and again the phone rang. Getty answered with a clear but tentative voice -as if he expected the call to bring him some annoyance. He spoke with a Swedish importer who wanted 20,000 tons of fuel oil a month from Getty's Middle East fields. He turned down an invitation to lunch. He took a call from a shipbuilder in Tokyo about details of a new Getty supertanker. Turning to a pile of cables, he read a report on his new, 18-in. Mideast pipeline, fired off an answer to a Turkish importer's request...
...Paul Getty's world is Getty Oil Co., the core of one of the most complex corporate structures ever built. As Getty Oil's president and chief stockholder, he owns or controls some 40 companies, ranging from Tidewater Oil Co. to firms that make trailers, own hotels, sell life insurance. Wherever Getty happens to be, there is centered the world of Getty Oil and its satellites. In an age of teamwork, J. Paul Getty is the last of a vanishing breed: an autocratic tycoon who runs his own show, has nothing but contempt for the modern, hemmed...
When Paul was eleven his father moved to Indian Territory (soon-1907-to be a part of the new state of Oklahoma), began to search for oil on a barren, sandy track that had cost him $500. He hit oil with his first well. A few years later he was a millionaire-and Paul was bitten by the oil bug himself...