Word: oiled
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Dates: during 1950-1959
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...played a large part in rescuing young King Hussein from Nasser and his hotbloods. The man: King Saud of Saudi Arabia, Protector of Islam's Holy Places. From the moment Nasser seized and then blocked the Suez Canal, casually cutting off much of Saudi Arabia's oil income in the process, Saud began to see that there would be no place for him or any king in the Arab "nation" Nasser talked about. Nor could Saud abide the sight of Communist influence that Nasser had brought into the Middle East. Saud's visit to the U.S. last...
...nation that introduced the 50-50 split for oil profits, now the pattern in most parts of the world, is pioneering another oil-derived benefit certain to catch the envious attention of petroleum-rich countries in the Middle East and elsewhere. Using oil income and hitherto wasted natural gas, Venezuela is building itself a $300 million basic industry in petrochemicals...
...boss is Alberto J. Caldera, Director of Economy in the Ministry of Mines and Hydrocarbons. The venture puts the government, which already has investments in planes, ships, power and steel, deep into business. Caldera is outspokenly in favor of the trend: "We have the natural gas, we have the oil, we have the minerals, and we have the money. Why shouldn't we industrialize...
...While Iran was publicly demanding a 75-25 split with any company that wants to develop Qum, there were strong reports in Teheran that the Shah was well aware that major oil companies, with the capital and marketing facilities needed to sell Qum's oil, will hardly agree to such a split. To do so might well force a revision of royalties in the Middle East and other areas. Under the circumstances, oilmen expect that Iran will soon consider-and pass-a new law that will offer oil companies some tempting inducements to develop Qum and other Iranian areas...
...point of view across with suave indirection. He has found it no easy job persuading tycoons that moviegoers resent being pounded over the head with a sales spiel. Many sponsoring corporations have so enthusiastically adopted this concept of the non-irritating huckster that their names, as in Richfield Oil's 26-minute The Conservation Story, now playing in dozens of movie houses in Western states, are never mentioned in the body of the film. The corporation merely gets an opening credit, saying "So-and-So Presents . . ." -an almost infallible sign of the industrial movie...