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...prices whipsawed upward later the same day when Vice President George Bush, a former Texas oilman, seemed to imply that he would try to persuade the Saudis to throttle back their output. At a press conference Bush gave as he prepared to leave on a trip to the Middle East, the Vice President said, "My plea will be for stability of the marketplace." But a senior White House aide quickly denied that the Administration would depart from its free-market philosophy, "even if it means the oil price drops to $1." The seemingly conflicting comments generated jitters...

Author: /time Magazine | Title: Cheap Oil! | 4/14/1986 | See Source »

...where he spent a summer at Harvard University studying international affairs, working as a waiter at the local Howard Johnson's and romantically pursuing a South Carolina debutante--without success. When the term ended, Chirac took a job as a chauffeur for the widow of a Texas oilman. Returning home in 1953, he married Bernadette de Courcel, a classmate at the institute who was from a wealthy and aristocratic family. They had two daughters, Laurence, now 28, and Claude, 23. After fighting in the French Foreign Legion during the Algerian war of independence, Chirac enrolled at the prestigious Ecole Nationale...

Author: /time Magazine | Title: The Irrepressible Bulldozer | 3/31/1986 | See Source »

Getty's genius was for making and holding on to money. He began as a wildcatter in the Oklahoma oil fields with a stake from his oilman father George F. Getty. By buying leases cheap, J. Paul was able to parlay his luck into a million dollars by the time he was 23. With dung-beetle persistence he then set out to accumulate the billion dollars that earned him FORTUNE magazine's title, Richest Man in America. That was in 1957, more than five years after Getty had abandoned the U.S. for a nomadic life in European hotels. He said...

Author: /time Magazine | Title: Books: Hazards of the Midas Touch the Great Getty by Robert Lenzne | 3/17/1986 | See Source »

...first Monday in 1985, TIME Business Editor George M. Taber met with Associate Editor John Greenwald to discuss a proposed cover story on T. Boone Pickens. The Texas oilman had engineered many of the mergers and takeovers that were reshaping American business. For the purposes of the cover, TIME's Business section decided on a merger of its own, teaming Greenwald with Frederick Ungeheuer, the magazine's senior correspondent for business and financial affairs. Their cover story appeared two months later, but it turned out that their work had just begun...

Author: /time Magazine | Title: A Letter From the Publisher: Dec. 23, 1985 | 12/23/1985 | See Source »

...venture into television is taking place at a time when 20th Century- Fox, which will supply some of the Fox network's programming, is losing its reputation as a flop mill. Under the ownership of Denver Oilman Marvin Davis, the studio churned out such clunkers as Rhinestone, which paired Sylvester Stallone and Dolly Parton, and Blame It on Rio, which featured Michael Caine at the beach. But Murdoch has the good fortune of inheriting a shrewd studio boss, Diller, who joined Fox in October 1984 after heading Paramount, where he turned out a stream of hits that included Terms...

Author: /time Magazine | Title: Murdoch in the Mogul's Seat | 11/11/1985 | See Source »

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