Word: oilmen
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...corn-bread-and-collards country around Greensburg, Ky., farmers have known they were sitting on top of oil ever since the first oil was found in a saltwater well in 1828. But geologists and oilmen insisted it could not be produced commercially; too much water was mixed with the oil. Almost the only man who doubted the experts was Milton G. Turner, 63, a local farmer, trader and self-taught oil expert. He thought they were dead wrong. Last week he had the best evidence to prove it. A snaking strip of Green County land running 15 miles east...
Cheering Bedouins. Landing at Constantine airport with Delouvrier unobtrusively at his side, De Gaulle stressed the civilian aspects of his Algerian visit. He gave General Salan only a perfunctory handshake, but hobnobbed enthusiastically with steel experts in Bone, oilmen in the Sahara, land-reclamation officers in the Moslem villages. At Touggourt, an oasis in the desert, De Gaulle told...
...until three weeks ago, when the first U.S. oilmen from Loeb. Rhoades arrived at La Ventana oilfield in Mendoza province, did the meaning of Frondizi's deals sink home. A group of Peronista oilworkers in Mendoza gave Frondizi 48 hours to cancel the oil contracts. When Frondizi ignored their ultimatum, they struck. The national oilworkers' union then called for a nationwide walkout, and other Communist-and-Peronista-dominat-ed unions threatened a general strike...
...Texas. In the land of sheiks with Cadillacs and concubines, he is regarded as personally incorruptible. He has long felt that Arab countries should share in profits made on their oil outside the country as well as in it. Last December he struck an offshore oil deal with Japanese oilmen for an "integrated company" that would produce, ship and market Saudi oil and split profits 56-44 all the way up to the filling-station pump...
...choice zone around the capital city of Riyadh, Tariki hiked his opening demand to a 60-40 profit split, also "integrated1' right up to the gas pump. Indiana's President John Eldred Swearingen publicly rejected these terms last week, but was obviously ready to bargain further. Foreign oilmen pointed out that Tariki's deal with the Japanese promised at best small profit in limited markets, and only after years of waiting; Western companies alone, with their tanker fleets, refining facilities and extensive marketing systems, can offer an immediate and sizable outlet for Middle East oil. The feudal...