Word: panning
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Dates: during 1950-1959
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...fast payoff. For getting YPF's oil out of the ground and to the wellhead, the Carl M. Loeb, Rhoades group, investing $100 million, will get 70% of the world oil price until its investment is amortized. 15-20% after that. Five other big companies (Pan American International, Esso, Shell, Union Oil of California, Tennessee...
...time limit of the contracts made speed advisable, and the companies moved fast. Texas' Loffland Bros., drilling for Pan American, shipped ten rigs to Comodoro Rivadavia within 60 days after the deal was closed, so far has brought in 81 wells. The Loeb, Rhoades group, on proven ground in central Mendoza province, has brought in 48 wells; Tennessee Gas hit four producers in Tierra del Fuego. Wildcatting in Patagonia, Union Oil brought in a new field in November...
...several hundred tour applications down to a manageable sum. In justice to all, he announced blandly, the White House would accredit all comers, but only one man from each news medium (the wire services and TV networks were allowed two reporters and two photographers each) would be put aboard Pan American's jet-powered Boeing 707 chartered for the press. The cost for transportation and hotels would be $4,000 per traveler, and a letter of application would be considered a contract for that amount. After this announcement, applications dwindled magically to 83 men and one woman, Elaine Shepard...
...sake of safety and schedule, the full presidential fleet that takes off this week will be made up of four aircraft (plus a chartered Pan American 707 jet for the press); two VC-137A plush versions of the Boeing 707 jet-the President's and an identical spare-and two turboprop MATS Hercules cargo planes carrying six skilled mechanics apiece and a variety of spare parts, including a complete, ready-to-install jet engine. The two cargo planes are assigned a leapfrogging schedule that will keep one of them always one stop ahead of the President. Eight specially trained...
...have absolutely no intention of delivering Guinea either to Western or Eastern influence," says Touré, proclaiming his creed to be "Pan-African neutralism." Even if his procedures owe more to Lenin than to Jefferson, those who know him best believe that 1) ambitious Sékou Touré intends to be beholden to no one, 2) his fellow-traveling companions, who made the journey to the U.S. with him, found the U.S. a much better place than it had seemed through Red-colored glasses...