Word: oiling
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Dates: during 1950-1959
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There is mounting though far from conclusive evidence that 1) high amounts of cholesterol in the blood may increase the likelihood of heart attacks, and 2) the intake of unsaturated fatty acids, e.g., linoleic acid, derived mostly from vegetable oil, lowers the amount of cholesterol. With these facts in view, three pharmaceutical firms are rushing to market preparations containing such acids. All use safflower oil, which contains about 80% linoleic acid, is extracted from seeds of a thistlelike plant long grown in Africa, India, the Middle East. First marketers: San Francisco's Safflower Products Corp. (Saffola), North Chicago...
Calouste Sarkis Gulbenkian, the late Armenian international oil tycoon, was a born collector. He began at seven in a Constantinople bazaar, buying Greek coins with a Turkish five-shilling note his father had given him, went on to accumulate one of the world's most prestigious art collections, valued at up to $20 million. His scouts scoured the international art market for him. If they liked anything, Gulbenkian sent an expert; if the expert approved. Gulbenkian went himself. He bought only what he liked, purchasing for pleasure, never for investment or speculation, and he allowed only experts...
...biggest oil-production cut in Texas history, the Texas Railroad Commission last week slashed allowable output for July to 13 days, a drop of 384,631 bbl. a day. The state's independent producers seized on the record cut as an opportunity to dramatize the plight of the domestic oil industry, hard pressed by record imports from abroad and steadily mounting crude oil stocks. Four associations of independents fired off telegrams to Washington blaming the production cut on imports, warning that foreign oil is replacing domestic oil...
With that, Senate Majority Leader Lyndon Johnson and Texas' Junior Senator Ralph Yarborough swung into action on Capitol Hill, asked Congress to help in curbing "uncontrolled" oil imports. Said Texan Yarborough: "The situation for our independent producers has become a one-way street leading to oblivion." Johnson announced that he had word that President Eisenhower himself would intervene in the case to curb oil imports "threatening national security...
Static-Free Synthetics. Two new processes to eliminate the static from synthetics so they will not cling to the skin and gather lint will soon be in use. A Celanese Corp. of America process coats cottonlike cellulose around each filament of fiber in its Arnel fabrics. Onyx Oil and Chemical Co. has developed a chemical compound called Aston which can be applied to all synthetics to kill the static. Clothing manufacturers will plug the fabric as "Astonized...