Word: oiling
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Dates: during 1950-1959
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Mountaintop Threats. The bare-bosomed Blue Bell girls are safe from the sunburn of the Sahara this year: getting the oil from Hassi Messaoud through the rebel country to the Mediterranean seaboard is practically impossible. In the desert, where no man can hide from the hovering helicopter, there is no trouble from the rebel fellagha, but the wild Atlas Mountains, which bar all routes northward from the oilfield, shelter some of the toughest Moslem rebel gangs. On the final 150-mile stretch of the railroad from Oran there have been continuous attacks by rebels for a year. In one night...
...only the oil at Hassi Messaoud is stalled, but that of the recently discovered rich Hassi R'Mel field (estimated reserves 700 million bbl.), only 280 miles from Algiers, and the 20 boreholes in the Edjelé field (capacity 700 million bbl.), where the oil is only 1,350 ft. underground. The same applies to the huge natural-gas reservoir at Djebel Berga (2,000,000 cu. ft. a day) and vast storehouses of industrial metals in other areas of the Sahara (TIME, July 1). Plans for railroads and pipelines tapping these resources and bringing them...
Etienne Hirsch, head of the French government's modernization program, recently proposed that the Sahara oil be sold on the Mediterranean coast for francs and the profits used for development projects in North Africa. Coupled with French and foreign investment in the bursting new oilfields, the flow of new capital into North Africa would ensure rapid industrialization, dispose of many of the troubles now besetting the impoverished Moslem population. So the Sahara riches at once became a reason why some Frenchmen want to hang onto Algeria at all costs, and others want to reach a compromise with the Arabs...
...elder Diefenbaker tutored young John, kept him reading nightly by the light of a coal-oil lamp. According to a family legend, John looked up one night from a biography of Sir Wilfrid Laurier, Liberal Prime Minister of Canada from 1896 to 1911, and announced in a firm voice: "I'm going to be Premier of Canada." His mother smiled; John's studies went ahead as though high office were indeed the aim. He never even learned to milk...
...investors. Canadians, investing heavily in such safe and sound ventures as mortgages, public utilities and business expansion, put up three-fourths of the capital for their postwar growth; but U.S. investors, plunging heavily into high-risk mineral explorations, managed to sew up 75% of Canada's oil and gas, half its mining. The fact that U.S. investment more than balanced Canada's trade deficit and raised the value of the Canadian dollar only sharpened Tory fears that "it can't go on like this...