Word: oiled
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Dates: during 1950-1959
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Early last week the Kern Hills, flying the U.S. flag, dropped anchor off Elath at the head of the Gulf of Aqaba and began to pump off its load of 16,500 tons of oil from Iran. Its arrival was almost unremarked. The U.N. troops still occupy the Egyptian side of the narrows, so Egypt could not shoot off its guns. No guns barked from the Saudi Arabian shores either, though Saudi Arabia had threatened to bar the Aqaba Gulf to unwanted ships. Israel, which had celebrated the Kern Hills' first voyage with crowing triumph, this time censored news...
...explosive only two months ago seemed to be gradually subsiding into a tacit acquiescence. As usual, Arab leaders were making suitable protests to satisfy their public. Last week they ordered the Kern Hills blacklisted in all Arab countries. They had already asked Iran to refuse to sell any more oil to Israel; Iran promised, but it is not yet clear whether Iran will object to having its oil sold to various "John Does" who might or might not sell to Israel...
...synthetic rubber, which is almost same as natural rubber. U.S. says it gave Goodrich more than $1.5 million for synthetic rubber research on condition that discoveries be revealed to all rubber makers. Goodrich claims process was discovered privately by Goodrich-Gulf Chemicals, Inc., in which Goodrich and Gulf Oil Corp. hold 50-50 interest...
Initial stimulus for nuclear power development stems from the crisis in Suez oil shipment. Europe now imports twenty-five percent of its fuel and, with industrial reconstruction and expansion, will be forced to increase this proportion yearly. Euratom promises both to stabilize conventional fuel usage at fifty percent of its present figure and correspondingly institute enough atomic power to handle the remainder--plus whatever growth will require...
Many advantages are expected from such a revised European economy. As well as relieving a fuel shortage, Euratom should help ease political pressure upon Middle Eastern oil suppliers. Europeans have seen, at home, ineffectual results from attempts at political and military unification without a preliminary economic solidarity. With the proposed plan for a common economic future, colonies, arms, and atoms will prove common problems with collective solutions to European nations...