Word: oiling
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Dates: during 1950-1959
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Oklahoma's burly, scrappy Robert Samuel Kerr is a Democratic multimillionaire (Kerr-McGee Oil) who snap-shoots from the hip when he hears a rustling in the brush. Indiana's jowled Homer Earl Capehart is a Republican millionaire (Capehart radio-TV) who usually prefers to wait for another day. Last week Snap-Shooter Bob pressed Hesitant Homer too far, and the Senate echoed with high-priced debate. Subject: Dwight Eisenhower's brains...
...Middle East, Iraq is the only land rich in both oil and water. Saudi Arabia, richer in oil, is water poor. Last week Saudi Arabia announced that its old rival, the Hashemite Kingdom of Iraq, has granted it permission to tap the Iraqi river Euphrates for drinking water. Under their $28 million plan, cleared during King Saud's state visit to Baghdad last May, the oil-rich Saudis will hire international contractors to draw some 35 million gallons daily at a point near the site of ancient Ur, purify it at the riverside plant, and pipe it some...
...OIL FIND is expected to make Washington 30th oil-producing state in U.S. Sunshine Mining Co. has brought in state's first substantial well on Pacific Coast shore, near Hoquiam, reports high-grade oil pumping at rate...
...opens up all Iran outside the older Persian Gulf fields-now being developed by a consortium of British, Dutch, French and 14 U.S. oil firms. For exploration, the land will be divided into blocks of some 80,000 sq. kil., with an unspecified third of the area held in reserve for future exploitation. It will allow foreign companies either to share the costs of exploration and development with the state-owned National Iranian Oil Co., or go it alone; in either case NIOC will take at least half the profits. Among the areas opened up: the fabulous Qum oilfield...
...Iranian attitudes have changed since the xenophobic days of Premier Mossadegh is a provision allowing the Shah and NIOC to negotiate directly with foreign firms without the preliminary wrangling in the Majlis that discouraged many a prospective investor in the past. With the new law several U.S. oil firms, plus Japanese and Italian companies, are expected to try their luck soon in Iran's oil-promising interior...