Word: oilmen
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Dates: during 1940-1949
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...been discovered in Ethiopia, although oil men have a strong feeling that important pools may exist there. But for jowly Sinco, who loves to bet on anything, it was a good gamble. By putting up small stakes, he stands to collect handsomely if Ethiopia has oil. In any case, oilmen guessed that Sinco has his eyes on Ethiopia's potentially oil-rich neighbor, Eritrea, which Haile Selassie covets...
...chance that the trained oilmen and their equipment were on hand for the Tarakan invasion. For more than a year they had quietly been gathering in the Southwest Pacific, where they stood by in readiness to join the first strike at any one of the oil-producing islands of the rich Netherlands East Indies. As the engineers waited, they watched with satisfaction the growing stockpile of oil-well machinery arriving from...
...thin, 17-mile-long Turner Valley oilfield (only sizable field in all Canada except the Canol area in the far north) was obviously petering out. Nevertheless, oilmen were convinced that a great untapped oil reservoir lay somewhere under Alberta. War speeded up the search for the hidden pool. This year wildcat drillers spent nearly $15,000,000 in the search...
...well was only a few miles from the site of an earlier test, where a Shell crew had drilled down to a record-shattering 12,056 ft. and spent $600,000 without striking oil. But oilmen were sure they had something this time. In Ottawa, Dominion geologists admitted cautiously: the Jumping Pound strike is "extremely important." In Alberta, the Shell Co. had already grabbed up drilling and royalty rights on a reported 73,000 acres near Jumping Pound. Other firms, U.S. and Canadian, were pouncing on whatever they could...
Fuel Oil is up because of better transportation distribution (chiefly pipelines). Production has caught up with military needs. If all the former oil users reconvert this winter, oilmen can supply the extra oil which will be needed, but only 30% are expected to reconvert...