Word: oilmen
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...with an Aim. After he was elected to a full term in 1950, Shivers spoke out more & more against the Truman Administration, particularly on the tidelands issue. This caught the ears of Texas' powerful conservative Democrats, mostly wealthy oilmen and ranchers, who already considered Shivers one of themselves. Last December, a group of them sent an Austin lawyer, Clint Small, to tell the governor that they would support him for re-election or for Tom Connally's seat in the U.S. Senate. They wanted a political leader who would keep Texas safely on the conservative side...
...through the Canal or by railroad. These carriers currently aren't carrying all the crude needed. Glasco estimates that California refineries could use 100,000 bbls. more a day. The line will also help the California oil industry. Since California wells can't keep up with consumption, oilmen are pumping their wells so hard that they are clogging the pores in the oil sands, thus endangering the future yield. By offering to ship the first barrels for 60? and promising to slice that down to 50? when his volume goes up, Glasco expects to chop a dollar...
...Journal said flatly that Jones's job in Iran was to buy 100,000 bbls. of oil a day for Cities Service. The Journal pooh-poohed Anglo-Iranian Oil Co.'s threats that it will sue anyone who tries to market the oil. Said the W.SJ.: "Some oilmen think the British case wouldn't stand up in U.S. courts." Most U.S. oilmen found such a proposition hard to believe. Jones is too shrewd an operator to take on Great Britain, the U.S. State Department and Anglo-Iranian all at once. Furthermore, Cities Service does not have...
Best guess of oilmen was that Jones was trying to work out a deal to get Iranian oil not only for Cities Service but for a group of U.S. oil companies and Anglo-Iranian. The larger U.S. companies can use more crude and have the tankers to transport it. While Anglo-Iranian has shown no disposition to cut any outsiders in on Iranian oil, U.S. oilmen think it may be the only hope left for a solution that would save face all around...
...group of U.S. oilmen last week made a deal with Spain to wildcat for oil in the Ebro Valley, although no oil in quantity has ever been found in Spain. The group, which includes Delhi Oil and famed Geologist Everette de Golyer (TIME, April 3, 1944 et seq.), has put up $1,000,000 as a starter, while the state's Institute Nacional de Industria, has put up the same amount. If oil is found, the Spanish government will get 3%, while the American group and the Institute Nacional will split the remainder, one of the most favorable foreign...