Word: oils
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Dates: during 1940-1949
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...conductor of the Boston "Pops" Orchestra, announced that he Would soon broadcast for the first time a new suite based on eight 20th Century ''folk tunes." The title: Jingles All the Way, No. 2.* The composer: Canadian Howard Cable. The themes: the Dentyne, Adam Hat, Colgate, Richfield Oil, Super Suds, Chiclets, Pepsodent singing commercials, plus the Mortimer Snerd leitmotiv from the Edgar Bergen show...
Locked beneath the history-laden sands of Saudi Arabia lies the world's last known great oil pool. The right to exploit it belongs to Arabian-American Oil Co., owned by The Texas Co. and Standard Oil Co. of California. But Arabian-American, which has done comparatively little drilling, saw its future production limited by a lack of distribution facilities. On the other hand, Standard Oil Co. (N.J.) and Socony-Vacuum Oil Co. have plenty of outlets in Europe, but little oil to supply them...
Last week the four companies decided to make the biggest deal in the history of the U.S. oil business. Jersey Standard and Socony will buy into Arabian-American-the reported asking price was $250,000,000 for a 40% interest-so that they can develop the concession fully and sell Arabian oil in Europe, biggest market in the world outside...
Help for Ibn Saud. In 1933, California Standard won its concession from Saudi Arabia's aging (67) King Ibn Saud; three years later it brought in Texas Co. with the idea of selling Arabian oil in the Far East. Now the only oil company in Saudi Arabia, Arabian-American owns rights on 278,000,000 acres, an area almost three times the size of California. Estimated oil potential of these acres: up to 20 billion bbls. Current production is now 200,000 bbls. a day (up from 18,000 two years ago), and the Far Eastern market...
...past, Jersey Standard and Socony have supplied Europe's oil needs from South America and other foreign properties. But since the depletion of U.S. reserves in the war (the Western Hemisphere supplied 90% of the Allies' needs), the Government has looked sourly on heavy export of oil from the Americas. One other prod to the deal was given by Ibn Saud. As oil and pilgrimages to Mecca are his chief sources of income, he has long awaited increased exploitation of his lands to boost his royalties of 22? a bbl. Shrewd old Ibn Saud also knows that more...