Word: oiled
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Dates: during 1950-1959
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...court's decision cleared up a dispute between the Lion Oil Co. of El Dorado, Ark. and the Oil Workers International Union, which called a strike to back up demands in 1952, when their long-term contract could be opened for modification. Though the union gave the required 60 days' notice, the company held that it violated the Taft-Hartley Act because the contract had merely been reopened, not terminated. The National Labor Relations Board ruled in favor of the union, but a circuit court overruled NLRB. By ruling that the term "expiration date" can refer...
Under these circumstances, said Gulf, it was "impractical for the company to continue." Moreover, if Gulf accepted a 60-40 deal in Italy, it would jeopardize its 50-50 deals with countries such as Ku wait, where Gulf owns half of the West's third-biggest oil producer. Last week Gulf sold its half interest in Petrosud, its mainland subsidiary, to the big Montecatini Chemical complex (TIME, Jan. 21), its partner in the enterprise. Gulf will press ahead in semi-autonomous Sicily where operations are governed by a more favorable oil law. This week, as Gulf's field...
...with CinemaScope." ¶Sorely beset, RKO peddled distribu tion rights to 44 films (including eleven not yet released) to prosperous rival Universal-International, hoped to save some $7,000,000 by the deal, wearily acknowledged that it is exploring a new source of revenue: the sale of oil under studio lots...
Written on the Wind (Universal-International) opens with Rock Hudson, geologist for a Texas oil company, taking Lauren Bacall, a secretary, to lunch at a swank Manhattan saloon where there is no telling what a pretty girl may be offered after the dessert. There she meets Robert Stack, an oil millionaire who quickly establishes the fact that he is a rich Texan by debonairly putting out his cigarette in a glass of champagne. Texan Stack asks Lauren to go for a ride before going back to the office. She accepts. Some hours later, the ride ends in Miami, where...
While academic critics have been busy for a generation flensing Melville's whale and rendering it into midnight oil, they have neglected another great writer who made the sea his theater and the deck of a ship his stage. Joseph Conrad?monocled, with salt-rimed beard, at the wheel of a clipper?is too romantic a figure for modern fashion in literary heroes. Yet in his work, Conrad was not a romantic any more than Melville was a mere spinner of "sea yarns" or Shakespeare only a writer of historical pageants. His themes were the classic themes of character...