Word: oilmen
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Dates: during 1960-1969
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Charlene Wrightsman was born to a milieu of multimillionaires, multiple marriages and many mansions. Her grandfather amassed an early fortune in the Oklahoma oil fields, and was the man credited with thinking up the oil depletion allowance, for which all U.S. oilmen still revere and praise him today. Her father, Charles B. Wrightsman, 67, was once the president of Standard Oil of Kansas, has massive oil holdings in eight states, and is one of America's least known rich...
...these ventures. U.S. hotel chains invest little money themselves. Except for recent deals in The Netherlands and Rome, Hilton owns no share at all. Local governments provide funds or loans and tax incentives to investor syndicates that raise capital from such sources as Swiss banks, cautious pension funds, Texas oilmen and international millionaires. Investor appetites are whetted by such success stories as Intercontinental's Phoenicia Hotel in Beirut, which cost $9,500,000 when it went in business last year and is now valued at $20 million...
...Oilmen have long known why the black mess made by an overflowing well disappears so soon from the smirched ground. Road builders understand equally why blacktop pavement is eaten away from below. The guilty parties in both cases are microorganisms that go for hydrocarbons like kittens lapping spilled cream. Until recently no one made much of the hungry bugs' peculiar tastes blast week Research Director Alfred Champagnat of Société Française des Pétroles, a subsidiary of British Petroleum Co Ltd. announced that he has domesticated the oil eaters and that they are excellent...
...jammed with out-of-state cars from as far away as Pennsylvania, and the stands that were built to handle 1,400 spectators had to make do for 3,500. Unshaven cowboys in faded Levi's waved fistfuls of greenbacks and haggled over the odds with Houston oilmen in embroidered shirts. A volunteer comedian told ancient jokes to try to keep tension down as the crowd awaited the biggest rodeo event in years: a matched roping contest between two champion lariat handlers. The stakes were $3,700 in cash, a share of the bets, and undisputed claim to being...
Signs of Softening. Whoever becomes E.N.I.'s long-term chief, it is unlikely that he will command Mattei's absolute powers. Studies by other oilmen find that E.N.I. is heavily in debt and depends on long-term loans for two-thirds of the total capital invested in its operations, v. the 8.4% average for private oil companies. E.N.I, reportedly earns only 1.6% on this capital, while private oil companies return 12% on the average...