Word: oilmen
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Dates: during 1980-1989
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...businessman, Mario Leanza, visited the Grand Hotel Excelsior in Catania, Sicily. There Leanza met Michele Papa, an Italian who had formed a Sicilian-Libyan Friendship Association. Papa had been told by Ahmed Shahati, head of Libya's foreign liaison office in Tripoli, that Gaddafi respected the tough American oilmen he had met, wanted to do more business with the U.S., and change Libya's image in America -and get his hands on those C-130s. During the Carter Administration, the Libyans had also been unable to get delivery of three Boeing 747 airliners, two 727s and 400 heavy...
Even though I don't really like baseball, that day at Comiskey Field was kind of fun. And to top it off, the Cubs trounced those Houston Oilmen, 27-21. It was a last-minute hole in one that...
...Oilmen are quietly confident that the global energy hunt will eventually pay off, though they readily admit that there are probably few new super gushers still waiting to be discovered. Yet even if the biggest fields have probably already been found, only two-thirds of the world's 600 major oil basins have been drilled so far. That means that anywhere from 500 billion to 1,250 billion bbl. of oil may still be discovered. Since the most accessible areas of the world were searched first, any new oil bonanzas are unfortunately likely to lie in harsh, remote areas...
...MIDDLE EAST AND EUROPE. Few oilmen dispute that a very large part of the world's undiscovered oil lies in the Middle East. But with national coffers overflowing with oil revenues, OPEC countries are not making serious efforts to uncover more of it. U.S. and European oil companies are exploring Egypt's western desert, on the assumption that the oil does not stop at the Libyan border, as well as in the Sinai and the Gulf of Suez. Drilling is also continuing in Europe's North Sea, around Norway and Britain. West of the Shetland Islands...
...management. Oil experts say that the Soviets have not done a good job of handling their resources. Reports Arthur Meyerhoff, a Tulsa, Okla., oil engineer who has traveled widely in the U.S.S.R.: "To say that the Soviets have mismanaged their petroleum industry is the understatement of the year." Western oilmen say that the Soviets made their first serious mistake when they set drilling targets in terms of meters drilled, thus making a deep dry hole as good as a gusher in terms of fulfilling the plan...