Word: oilmen
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Dates: during 1960-1969
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...western movie. At the mile-high, five-furlong race track near Ruidoso, N. Mex., wizened Texas cowpokes in shrunken Levi's clutched $100 bills while they hunted for the parimutuel windows. Dark-faced Apache youths in blue jeans lined up along the rail reading their racing forms. Oklahoma oilmen in neatly tailored riding pants shared tacos and tamales with their Dior dressed wives. Track police sported Stetsons and packed six-guns, consciously copying the deputy marshals who ruled the tiny (pop. 2,500) town in the bad old days when Billy the Kid roamed the nearby Sacramento Mountains...
When rumors spread throughout the oil world from Baghdad to Manhattan last week that Iraq, out of pique at Britain, was planning to nationalize its oil industry, worried oilmen instinctively turned their eyes to Rome, as Iraq's likeliest collaborator. There, in a modest Rome office, sits lean and nervous Enrico Mattei, 55, the chief of Italy's state-owned oil and gas monopoly, called E.N.I, (for Ente Nazionale Idrocarburi). By shrewdly bargaining with any government that wants to deal in oil, Mattei has made E.N.I, so powerful that Italians dub it "the state within the state...
...desert at Edjelé and Hassi Mes-saoud, well-paid, sun-blackened oilmen live in air-conditioned bungalows, splash about in swimming pools-and work in temperatures up to 130°. The 70 Saharan wells already producing are expected to pump 20 million tons of oil this year through two new pipelines to the coast. The $2 billion invested thus far, by a combination of French government and private capital, is expected to produce enough oil to meet all of France's needs...
...JAPANESE OILMEN will get no concessions in their home market from the Japanese government. The home-owned Arabian Oil Co. will not be allowed to pay for its imports with local yen, will have to pay in hard-to-get foreign currencies...
Like all top oilmen, Rathbone must be a combination of secretary of state, technician, international socialite and world economist. He has to worry about everything from the dumping of cheap Russian oil on world markets ("aimed at creating dissension and undermining the economies of free nations") to the lightning-quick onslaught of national revolutions (he got out of Iraq and Lebanon just before fighting broke out in each place). He must be ready to chat with the Duke of Edinburgh about how to bring up children, which he did recently at the dedication of a British plant, or sacrifice...