Word: oil
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Dates: during 1950-1959
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...Moscow reception marking the signing with Iraq of a major new $138 million Soviet loan agreement. The agreement, pledging the Iraqis a twelve-year credit for building a steel mill and at least 14 factories, thrust the Soviet Union into Britain's old place at the center of oil-rich Iraq's economic development. The first 80 Soviet technicians, said Iraq's Communist-lining Economics Minister Ibrahim Kubba. would arrive within a month...
...Fancy-packaged, usually fancy-priced preparations of unsaturated fats, to be taken as medicine or used in cooking, are usually no better than plain corn or cottonseed oil...
Dale Robertson (6 ft., 180 lbs., 42-34-34), the hero of a plain, everyday, bowlegged western called Wells Fargo, is probably the richest ranahan now riding the airwaves. He owns almost 50% of his show, makes about a million a year out of TV alone, not to mention oil wells, motels, ranches and the use of his name on merchandise. As an actor, Robertson can hardly say heck with his hands tied, but he is probably the best horseman in television, and his shy. Sunday-go-to-meetin' smile provokes what an agent describes as "the sexiest mail...
...mandatory oil quotas on imports, set for major refiners last week, squeezed some companies tight. Of the 136 companies put on quotas, those seriously restricted in their imports are Gulf Oil Corp., whose crude and unfinished oil quota was lopped 31.7%, Sinclair Refining Co. (29.6%), Tidewater Oil Co. (38.8%), Standard Oil Co. of Indiana (32.8%), Socony Mobil Oil Co., Inc. (40.4%) and Texas...
...cuts brought a cry from Standard of Indiana that they are "grossly discriminatory." As other importers also stormed over the Administration's move, independent Texas oilmen (who produce more than 40% of the nation's crude output) put on contented smiles. U.S. domestic oil demand is now running at about 9,000,000 bbl. per day and is expected to increase this year to 9.4 million bbl. daily. With U.S. daily crude production about 7,000,000 bbl. and total imports cut to 1.5 million, it is domestic producers who will make up the 1,000.000-bbl. daily...