Word: oilman
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Dates: during 1950-1959
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Without tippling a drop himself, Tevis F. Morrow, 56, a relatively rich oilman by Dallas standards, showed Hollywood a Texas-type New Year's Eve party. He took over the entire Mocambo, Sunset Strip's expensive playspot, complete with two orchestras, three bars, wine list and kitchen. Among the items which impressed the social reporters: imported 10-gallon hats for the guest list of 300, which included cinema's great and near great plus Parisienne Songstress Edith Piaf, Doris Duke, Queen Mother Nazli of Egypt, and Hotelman Conrad Hilton; 115 Cadillacs in the parking lot; five detectives...
...protesting that he had no idea why some collectors paid the prices they did for his canvases. Yet he exhibited in London, New York, Chicago and Los Angeles, and sold several paintings for $10,000 apiece-to Canada for the Prince of Wales, to Douglas Fairbanks, William S. Hart, Oilman Edward L. Doheny. That kind of money he called "dead men's prices," meaning the price of an old master. Nonetheless, Charles Russell knew what he could do and had a master's pride in his talent. Standing before a display of modern art, he once said...
Miller first met Oilman Alfred Jacobsen last March when he was working on a story about Amerada Petroleum Corp.'s successful wildcatting in the Williston Basin (TIME, March 24). Impressed by Jacobsen's candor and executive ability and by Amerada's phenomenal success, Miller later suggested Jacobsen as the cover subject for a story on the oil industry...
...What the oilman forgot was that many of the mistakes that plagued the far-off, troubled Middle East had been made long since. Iraq, like Iran, is a land of degenerate wealth and desperate poverty-shot through with resentment at the Westerners whose activity has increased the one without diminishing the other...
Pemex itself, ridden with politics and labor trouble when Aleman came to power, is now a going business operation. In the opinion of one oldtime Mexico City oilman, it "stands out like a 20,000-ft. mountain when compared with other Mexican government operations." Over the past six years, as Pemex has ended its anti-U.S. policy and sent technicians north of the border for advanced training, production has increased an average of 15% annually, is now almost double what it was the year before expropriation. Two big refineries have been built at Reynosa and Salamanca, three other refining...