Word: petroleum
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Dates: during 1950-1959
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Direct U.S. private investments in Latin America-the dollars that build factories, dig mines, plant crops or drill for petroleum-rose by a record-smashing $500 million in 1956. Last week Washington's statisticians, tentatively casting up sums for the year, estimated the total investment to date at $7 billion-probably enough to keep Latin America the area most favored by U.S. investors.* Adding in U.S. Government loans of more than $1 billion and indirect private investments, e.g., bank loans, stocks and bonds, the experts put the grand total of all U.S. funds invested in Latin America...
...Humble, it had to raise its bidding price for crude by 12%. This put pressure on competitors, brought an immediate increase from Continental Oil, with the others expected to follow. By week's end oilmen figured that the increases would cost U.S. consumers an extra $1 billion for petroleum this year...
...colonial exploitation, in which colonies are used as sources of raw materials, Russia feeds the satellites raw materials, takes the finished products they manufacture. Czechoslovakia, for example, did 5.5 billion crowns ($770,000,000) worth of trade with Russia in 1955, giving engineering products in return for metals, petroleum, rubber, timber...
Brain Waves. To boost it, he founded his own advertising company, Lambert & Feasley, which, in turn, became a great national agency, with accounts such as Life Savers, J. W. Dant, and Phillips Petroleum. Now there was no stopping Listerine. Lambert developed a formula for Listerine tooth paste, turning out a batch himself with a hand press. "Early I reasoned that a new appeal for the same product would be like plowing virgin territory. We started advertising Listerine for sore throat and for dandruff. Then we used the appeal of after shaving...
...that shipments to oil-short Europe were already being restricted. Humble Oil, subsidiary of Jersey Standard and the biggest producer and oil-buyer in Texas, testified that it could supply only 165,500 bbls. of a 300,000 bbl. order from Esso Export. W.C. Connel of the B.P. (British Petroleum ) Trading Co. wired that British companies wanting to buy 3,000,000 bbls. on the Gulf Coast were forced to divert their tankers around Africa to the Persian Gulf because "there is no assured supply of crude...