Word: oiled
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Dates: during 1960-1969
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...Persian Gulf is an important neighborhood in today's world. Britain is planning to complete its withdrawal from the island of Bahrain and the Tru-cial States along the Gulf in 1971, and so the frail but oil-rich little sheikdoms provide a tempting target. Supporters of Egypt's Gamal Abdel Nasser seek to dominate the desert land; the Russians at present need no oil, but would like to deny the oil to the West. Soviet ships now ply the Indian Ocean, and early this year nosed into the Persian Gulf on courtesy visits. With such forces...
When Prime Minister John G. Gorton recently toured northern Australia's coal, oil, iron and bauxite fields, the trip turned out to be less than a happy inspection. The assessments that the fields are among the world's richest new natural resources are fair dinkum. But at each stop, when Gorton asked his hosts about the Australian share in their projects, the answers were disheartening...
...would like foreign investors to be less stubborn too. Gorton, who often takes an oar in one of the lifeboat teams that Aussies love, would like to see the same sort of teamwork in the economy. David Fairbairn, Minister for National Development, notes that many large companies, "particularly in oil and motor vehicles, have been established here for many years, making substantial profits from Australia's political stability and sound economic management." But, says Fairbairn, they have not made many moves to take in Australian investors, partners or managers. "This is not partnership," he says...
Radcliffe has alloted $200 to clean, oil, and repair locks on the 72 doors. Many keys are missing and new ones will have to be made...
Sinclair had other reasons to opt for Atlantic Richfield. Although it boasts a solid refinery and marketing operation, Sinclair suffers from limited production capacity and must buy large amounts of crude oil at a premium from outside sources. Fast-growing Atlantic Richfield (1967 sales: $1.56 billion) has meanwhile been on a production binge, and its recent oil find on the North Slope of Alaska promises to be one of the largest in U.S. history. A merger that would enable Atlantic Richfield to move its oil through Sinclair refineries would obviously benefit both companies...