Word: oiling
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Dates: during 1950-1959
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...people as the world's biggest job. The Roman Catholic Church is said to be the wealthiest firm with one exception-the Coca-Cola Co.; then why not work up a similar degree of excitement over the appointment of a new president for that corporation or Standard Oil of New Jersey...
...unreconstructed Southerners, there is no reason why they should not be happy in the Arctic; gourmets have not commented on the cooked product, but explorers, suffering strictly from hunger, report that it tastes like something between beef and wild duck cooked with stale fish and served with cod-liver oil...
...economic growth to U.S. experience at about the same phase of development-between 1880 and 1920-and concludes that in these 40 years the U.S. surpassed Soviet growth in its first four decades. Soviet Russia has scored its most impressive gains in a few key fields such as steel, oil and heavy construction, whereas U.S. productive energies have ranged over a far wider spectrum, and established a much wider base. Assuming a continuous growth in the U.S. economy, Soviet output will still be badly lagging by either 1965 or 1970. In fact, the Soviet rate of growth has slowed considerably...
...crisis' root was Argentina's oil problem. With coal supplies meager and hydroelectric sources remote, the nation runs on oil; it burns 250,000 bbl. a day to power factories, move trains, heat homes, cook food. An estimated 2.3 billion-bbl. oil reserve lies underground, but the government oil monopoly, Y.P.F., has only enough resources to produce 35% of the country's requirements. Dollar-short Argentina spent more than $300 million last year to import the rest. Frondizi saw only one solution. Risking the wrath of nationalistic Peronistas (and nationalists in his own Radical Party), he negotiated...
...until three weeks ago, when the first U.S. oilmen from Loeb. Rhoades arrived at La Ventana oilfield in Mendoza province, did the meaning of Frondizi's deals sink home. A group of Peronista oilworkers in Mendoza gave Frondizi 48 hours to cancel the oil contracts. When Frondizi ignored their ultimatum, they struck. The national oilworkers' union then called for a nationwide walkout, and other Communist-and-Peronista-dominat-ed unions threatened a general strike...