Word: oils
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Dates: during 1940-1949
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...Jews were sure they could win in a fight. Arab diehards at first threatened countersanctions against Britain and the U.S. Azzam Pasha, spokesman for the Arab League, snarled: "If you prevent me from getting what I want, naturally I will prevent you from getting what you want." He meant oil. The Arabs could seriously interfere with the flow of 40% of the world's oil lying in areas they inhabit...
...waiting to be built." Mrs. Starr, who had nursed in the rough & tough East Texas oilfields, had never been one "to mess around with churchgoing." Just the same, she thought that Negro churches might be interested in her idea, so she made the rounds. At the 15th she struck oil. The Rev. J. Henry Hardeman's Corinth Baptist Church was about to move from San Antonio's East Side to a new site. Mrs. Starr persuaded Hardeman that the $39,000 building fund should be used to turn the old church into a hospital instead...
When the sheikh put his share in the lands up for auction, Gulf Oil Corp. and Shell Union Oil Corp. made token bids, and Independent walked off with the prize. One oilman said simply: "The whole industry stood on the sidelines and cheered." For Independent is an important face-saver-token "proof" that the U.S. does not maintain its strategic Middle East beachhead for the sole benefit of the companies that dominate the U.S. oil industry...
...Robard Hughes Sr., was not exactly a nobody, although he came from a place the Ganos had never heard of-Keokuk, Iowa. Son of a Harvard-bred lawyer, he was expelled from several schools, but got through Harvard and hung out his shingle in Joplin, Mo. The lure of oil drew him to Texas. He made a small stake, bought a long Peerless car, met Allene Gano, married...
Hughes Sr. converted his Peerless into a speedster (see cut), raced it against one owned by Financier Hetty Green's son, and won. He raced against Barney Oldfield, the celebrated professional, and lost. The Hugheses moved to Houston, where Hughes Sr. looked for oil. With his partner, Walter Sharp, he struck oil in the Goose Creek field, but the two-edged "fishtail" bits used in those days broke on subterranean rock. Thereupon Hughes designed a conical bit with 166 cutting edges. That tool is the original source and still the main prop of the Hughes fortune, which now amounts...