Word: oiled
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Dates: during 1960-1969
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...ratify a 1965 agreement dividing the Gulf into Saudi and Iranian zones, and Arabian newspapers blossomed with maps labeling it the "Arabian Gulf." When an Aramco drilling team, with Saudi approval, began working in the same waters as the Iranian concessionaire, a joint venture by Iranians and Standard Oil of Indiana, one of the Shah's gunboats arrested the oilmen...
...more activist government as against Acción Democrática's slogan of continuismo, or more of the same. Undeniably, Venezuelans have never had it so good. During ten years in power, Acción Democrática has poured the country's ample oil revenues into schools, highways and public works. The economy is growing at an annual rate of 5.1%, and the benefits have spread through much of the population. Venezuela's per capita income, $745 a year, is the highest in Latin America. Unemployment is down to less than 7%, and the bolivar...
...fierce joys and harsh sorrows against the spare Greek landscape. Anthony Quinn was possessed by the title role; Herschel Bernardi merely inhabits the part like a rented room. Quinn had the sexual assurance of a goat; Bernardi talks up lust as if he were a barker for a snake-oil remedy. Zorba has to be-as Quinn was and Bernardi is not-a grizzled Dionysian pagan, a piece of the Hellenic sun shaped like...
...Unlike its international rivals, the U.S. majors and Royal Dutch/Shell, it does not have a retail network big enough to even begin to sell its output, of which 85% comes from high-cost Middle East fields. As a result, B.P. has been forced to rely on sales of crude oil and pass up the more lucrative marketing of refined products. The U.S. stations, which will take on B.P.'s green and yellow colors, should help considerably. They outnumber B.P.'s own chain in Britain (4,900 stations), will bring B.P.'s worldwide total to 36,000 stations...
Have Another. That sort of strategy would have appealed to the company's early champion, Winston Churchill. As First Lord of the Admiralty in 1914, Churchill got the government to bankroll B.P.'s tottering predecessor, the pioneering Anglo-Persian Oil Co., thus ensuring fuel for the Royal Navy through two world wars. An equally happy mix of politics and oil has been overdue for Drake, who will formally take over from ailing Chairman Sir Maurice Bridgeman in January. Last year's closing of the Suez Canal forced shipping costs up; then came the Biafran civil war, which...