Word: oiled
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Dates: during 1960-1969
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...market, and parked it while armed terrorists covered him from nearby hiding spots. The van was loaded with 300 Ibs. of TNT, 30 Ibs. of gelignite and several cases of scrap metal to serve as shrapnel, all topped by beer bottles filled with a mixture of oil and gasoline. He set a small, pencil-shaped fuse timed to explode an hour later, and was three-quarters of a mile away when he heard the blast. He escaped by hiking the 22 miles from Jerusalem to the Jordan River...
Party Squabbles. How the coalition would shape up interested Venezuelans, for the moment, less than what had happened to a party that had almost everything going for it. Dictator Marcos Perez Jimenez in the '50s had used the country's oil revenues, its biggest source of income, to turn Caracas into one of South America's most spectacular cities and to refurbish himself as well. Action Democrdtica ousted Perez Jimenez in 1958 and put the oil money into schools, highways, health programs and rural electrification. Venezuela still has a $900 million reserve and the bolivar...
Remember those stories last month about Hans Kiesel, the lucky West German businessman who bought a grimy oil of a couple of nudes at the flea market in Paris for $40, only to discover a long-lost Monet hidden beneath it? The find was fully restored and authenticated by experts at the respected Herzog Anton Ulrich-Museum in Braunschweig. One of the great impressionist's Gare St. Lazare paintings, it was dated 1877 and worth possibly $1,000,000. Well, last week Kiesel gleefully announced that it was all a rib. An artist friend had first removed the original...
...controlled a 37,000-sq.-mi. North Slope petroleum reserve since World War II, but found no need to develop what it considered only a strategic reserve. Farther south at Cook Inlet, working wells produce 195,000 bbl. daily and have made Alaska the U.S.'s eighth largest oil-producing state. Three years ago. with U.S. consumption increasing and reserves decreasing, oilmen decided to take advantage of a state auction of North Slope oil leases. Companies like Sinclair, British Petroleum, Union Oil and Atlantic-Richfield spudded about 30 wells and came up with nothing worthwhile. Then, after drilling through...
None of the oil is likely to reach U.S. markets until 1971. The companies and the Alaskan state government are still mulling over ways to move it. The companies prefer a pipeline to a relatively ice-free port like Valdez. The line would have to weather destructive ground heaves caused by summer thaws and winter freezes and could cost $500 million or more. Alaska's Governor Walter J. Hickel is pushing his longtime dream of extending the Alaska Railroad beyond its present Fairbanks terminal all the way to the Arctic Sea. Washington's Department of Transportation, which runs...