Word: oiled
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Dates: during 1940-1949
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...Securities Co., plus other holdings of the Du Pont family, control E.I. du Pont de Nemours & Co. In turn, Du Pont controls General Motors Corp. through its 10 million shares of G.M. stock. Du Pont and G.M. together own Kinetic Chemicals, Inc., a maker of refrigerants; G.M. and Standard Oil Co. (N.J.) own Ethyl Corp. (Jersey Standard is not named in the suit). Members of the Du Pont family, as individuals, own 17% of the stock of U.S. Rubber and are alleged to control...
Bermúdez' hunch was that Mexican oil reserves would be needed by the U.S. in case of another war. But most U.S. companies have refused to go back under the poor terms offered by Pemex, the government oil monopoly. Hat in hand, Bermúdez has had to ask the U.S. to put up $200 million for an oil development loan...
Last week Bermúdez' hole card looked more like a trey than an ace. Mexico's oil is not "vital" to U.S. defense, a consultant told the State Department. The consultant was Max W. Ball, a one-time director of the Oil and Gas Division in the Interior Department. Ball reported that Canada, where U.S.-controlled oil companies have already made rich discoveries, "offers more alluring prospects, geologically and politically, than Mexico...
Mexico clung to its present restrictions on foreign exploration, a loan "would be a disservice" to it and the U.S. Since oilmen guessed that Canada, in five years or so, would be one of the world's major producers of oil, it looked as though the longer Mexico waited, the slimmer would grow its chances of developing its oil lands...
...Uses diesel oil for fuel...