Word: oiling
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Dates: during 1950-1959
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These thrusts stung Missouri-born Bill Blakley, who heaped his pile from nothing to an estimated $200 million (he once drew a $5,000,000 check) in Texas banking, oil, insurance and ranching. In the classic bob-and-weave, Blakley both deprecated his riches and boasted of them; after all, he said, his parents were poor and he was "earning a man's wage" at 14. Then he uncoiled some flickering jabs...
Beyond these two concerned countries stood Israel, which was in no mood to be entirely surrounded by Nasser's Arabs, and might resume the war against Nasser it abandoned so reluctantly in 1956. Also deeply involved was Britain, whose oil wealth lies in Iraq, and for whom Iraq is the last major bastion in the Middle East...
Iraq is a rich prize. Once the land of the Garden of Eden and the lush valleys of the Tigris and the Euphrates, it lapsed into centuries of neglect and misrule until oil was discovered. Now the world's sixth-largest oil producer, it has allotted 70% of its revenues in a far-sighted Development Board program to double the country's standard of living in ten years. In seven years, Iraq's per-capita income has advanced from $84 to $140. But this slow progress against immense poverty, illness and illiteracy had to contend constantly with...
...William Naden, 57, moved up from executive vice president to president of Esso Standard Oil Co., chief domestic marketing and refining arm of Standard Oil Co. (N.J.). He succeeds Stanley C. Hope, 64, president since 1949, who retires. Naden was born at Methuen, Mass., took a chemistry degree at what is now Lowell Technological Institute ('22), joined Esso in 1927, rose to plant superintendent. In World War II, he pushed expansion of refineries in the East, at first for Esso and then for the Government. Naden advanced to general manager of Esso's manufacturing in 1949, a vice...
H2Oil. In Tulsa, George Sharp drilled hopefully in his backyard for water, struck oil, moaned "Oh no," made plans to drill on down until he hit water, then case off a section of the well to keep the oil...