Word: oiling
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Dates: during 1950-1959
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This policy left Russia with a comfortable and obvious opening to offer oil-development loans and drilling rigs that the state monopolies now get, for-cash, from the U.S. Soviet government officials and South American Communist leaders met in Moscow in November and plotted a new Russian attempt at trade penetration, starting in Brazil. Nikita Khrushchev himself offered oil-drilling equipment to Brazil...
Help in Sight. Because Soviet-bloc trade with Latin America is still small ($220 million last year) and the trade offensive is still more promise than deed, Washington is keeping cool-but thinking hard about the future. U.S. officials still argue that direct loans to state oil monopolies would be an invitation for other governments to expropriate' U.S.-owned oil companies all over the world. "I am convinced of the advantages of free, competitive enterprise in the oil business," explains a high presidential adviser. "But when my judgment is asked in Washington, I shall say that I believe...
...cause cancer). The result, says Dr. Ivor Cornman in Cancer Research, is that the U.S. is "submerged in carcinogens, few of which we can recognize." Biologist Cornman, of the Hazleton Laboratories in Falls Church, Va., is not exercised about coal-tar derivatives used in dye-making, some oil products, chromate and uranium ore dusts: their hazards are recognized and it is up to industry (with a prod from government) to see that they are used safely. Neither is he alarmed by chemicals added to food: these are being tested for safety (though in many cases belatedly...
LITTLE-BIG INCH PIPELINE will start carrying oil instead of natural gas from Gulf Coast to East. FPC examiner approved bid by Texas Eastern Transmission Corp. for conversion after Texas Eastern agreed to compromise terms laid down by competing barge operators, who have been fighting switch...
...ALASKA OIL LANDS in Kenai moose range will finally be opened for exploration. All oil leasing has been suspended by U.S. since Richfield Oil Corp. made Alaska's first big oil strike in Kenai last summer. Now Interior Secretary Seaton says U.S. authorities "are very close to agreement on additional areas" to be opened for oil search under stiffer rules for preserving wildlife...