Word: oils
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Dates: during 1950-1959
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Despite the oil wells that pump some $800 million a year into Venezuela, the nation that elected Betancourt is in economic trouble. Dictator Pérez Jiménez splurged on grandiose public works schemes that ran the country $1.4 billion into short-term debt. Venezuela has paid one-third of the bills, must find a way to pay the rest. It must also make jobs for 100,000 now unemployed as well as new Venezuelans, now swelling the population of 6,000,000 at a fat 3% a year...
Until the day they left, the G.I.s kept visiting the Umekis with presents-bacon, shaving cream, hair oil. Miyoshi put the hair oil on her face and tried to brush her teeth with the shaving cream, but she knew a gift when...
...OIL-IMPORT CURBS, which are now voluntary, are expected to become mandatory. Justice Department opposes voluntary system on grounds that importers divide up markets. Government also is considering putting tariffs on oil...
...ALASKAN OIL WELL, most important since Richfield Oil Corp.'s first discovery well on Kenai Peninsula near Anchorage (TIME, Aug. 5, 1957), was brought in by Standard Oil (Calif.) and Richfield, shows capacity...
...OIL...