Word: persianism
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Dates: during 1950-1959
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...Persian Gulf Strikes it Rich ON a lonely stretch of sandy, salt-encrusted coastline ranging from Oman to Iran, in lands so parched that clear drinking water is a luxury, the greatest treasure hunt of modern times goes on. Bordering the Persian Gulf, sometimes thousands of feet below the surface, lies the greatest pool of oil in the world. So far, 50 billion barrels of oil reserves, worth at least $100 billion, have been found-and this is only the beginning...
This is no gold rush for amateurs. Already the West has invested $2 billion in the Persian Gulf area; it is the biggest overseas venture of U.S. big business. The leases are the subject of high-level intrigue; ordinarily friendly powers such as the U.S. and Britain compete feverishly, if covertly, for a sheik's favor: each Cadillac presented by a friendly U.S. company seems to be met by a Rolls-Royce coming from London...
...Persian Gulf's capacity to pump up oil strains belief. Within less than a year after Mossadegh's fanatics shut down the world's largest refinery at Abadan, other Middle East fields have not only made up the deficit but increased the total by more than 100,000 barrels...
...stations, spotted from Libreville in French Equatorial Africa to the Persian Gulf, Air Force observers will measure the fading sunlight. Even in bad weather their photoelectric cells and elaborate timing devices will be able to record the instant of total eclipse. Knowing the speed with which sun and moon move in relation to the earth, they hope to calculate the distance between stations with new accuracy...
...Clement Attlee. Everyone wanted to see the faint-prone wonder. About all that most got out of it was a glimpse of a man with a Durante nose and a gleam of cunning in his eye. Less than half the crowd stayed through his 40-minute speech in Persian. Those who waited for the translation got only a tired tirade against the British, and one Mossadegh proposal, to wit, that the U.S. should lend him money...