Word: oiling
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...CASTOR-OIL SHORTAGE is coming. World demand for next four years will be 565 million Ibs., supply 540 million Ibs., says Department of Commerce. Pinch will hurt U.S. industries using castor oil, e.g., makers of grease, drugs, soap, lubricants for jet planes, plastics, nylon bristle...
...OIL IMPORTS will soon be curbed voluntarily by oil companies, Government believes. After trying unsuccessfully for two years to hold down imports (now running 510,000 bbl. a day more than Government wants as limit), Office of Defense Mobilization is conferring with top oilmen, is confident they will bow to President Eisenhower's implied threat to impose Government controls, tariffs on imports...
...actually cost Aramco any additional money. It simply shifted the company's tax payments from the U.S. to Saudi Arabia. Last year, by deducting its payments to Saudi Arabia ($280 million) and taking advantage of the 27½% depletion allowance given to all U.S.-owned oil companies, Aramco wiped out its U.S. corporate tax liabilities. Senator O'Mahoney and others contend that Aramco and Saudi Arabia settled on a new income tax instead of increased royalties so that Aramco could write off all its increased payments from...
...Treasury Department, bossed by Dwight Eisenhower's friend, George Magoffin Humphrey. Regardless of the merits of the arrangement, the department evidently felt that it was in the best interests of the U.S. to have Aramco sitting on one of the world's most strategic-oil areas-even if it meant sacrificing some revenue...
...successfully, organize development banks and investment corporations to encourage local capital to enter partnerships with U.S. investors. Even state socialism or nationalism need not be a deterrent to private investment. Socialist-minded India, for example, guarantees foreign investors against socialization for a stipulated period, e.g., 25 years for oil companies, arranges in advance for compensation if nationalization comes...