Word: oiling
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...Oil Must Flow." In view of lagging oil shipments (see BUSINESS), asked a correspondent, what was Ike going to do about a refusal by the Texas control board to step up production? Said the President: "I think the Federal Government should not disturb the economy of our country except when it has to. On the other hand . . . the business concerns of our country . . . should consider where do our long-term interests lie. And certainly they demand a Europe that is not flat on its back economically . . . Oil must flow in such a quantity as to fill up every tanker...
When Petrobrás, Brazil's government-owned oil monopoly, asked foreign oil companies late last year to submit bids for supplying 90,000 bbl. of crude oil a day to a projected new refinery in Rio de Janeiro, there was a string attached. In passing, Petrobrás suggested that the oil companies might like to offer financial aid towards construction of the refinery. Last week word came from Brazil that Petrobrás had accepted a Texas Co. offer to supply 15,000 bbl. of crude a day and to make a fiveyear, 6% loan...
...capacity to 243,000 bbl., 68,000 bbl. more than current consumption. When the refinery is built, Brazil will be close to balancing consumption and refining capacity for the first time in its history. Petrobrás, however, is not yet out of the woods. Domestic production of crude oil is an embarrassingly low 25,000 bbl. a day-and exploration and development work still fall far short of meeting the country's needs...
Secretary of the Interior Seaton yesterday proclaimed his opposition to peacetime price-wage controls and said there is nothing he can do about recent oil and gasoline price increases. Investigating senators jumped him on grounds he had not appealed to the oil industry to hold down prices...
Another solution, say the independents, would be for Europe to import U.S. refined products instead of crude oil. They point out, for example, that U.S. gasoline stocks are at a record 193 million bbls. But European nations have good reasons for not wanting refined products. Gasoline is the least critical item in their oil inventories, and the importation of high-cost refined oil would not only reduce their dollar balances but force layoffs in their own refineries...