Word: petroleum
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Dates: during 1950-1959
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...major breakthrough toward equality of opportunity, Texas oil workers this year have succeeded in abolishing a discriminatory "dual promotion" system, under which Negroes were hired only as laborers and could not compete with white workers for operating jobs. At Beaumont's Magnolia Petroleum Co., the first company to scrap the old system, 32 Negroes have already stepped into operating jobs, while 13 whites have been hired as laborers...
...wells at Leduc in 1947. Since then, he has plowed his oil earnings into a steadily successful search for more oil and gas. His companies now own or control hundreds of wells, hold leases on some of the richest oil lands in Alberta and British Columbia; McMahon's petroleum empire is estimated to be worth at least $250 million...
Typical of today's company towns is New Cuyama, a California community that sprang up from the sagebrush after Richfield Oil Corp. made the state's biggest petroleum strike of the decade in a barren desert valley southwest of Bakersfield eight years ago. Determined to create a community that would match its underground wealth, Richfield sold 201 model homes at cost to employees, put up a handsome shopping center and leased it to independent merchants. The company also provided a $75,000 community hall, a $250,000 motel-restaurant, a $20,000 playground, plus land...
...Nonetheless, Paz Estenssoro made a hard-boiled decision that Bolivia needed foreign capital, and in 1955 enacted a liberal code for oil operators from abroad. Last week Pittsburgh's Gulf Oil Corp., first big operator to move in, signed a 40-year agreement to search for and produce petroleum in Bolivia...
...British-owned Iraq Petroleum Co.'s ledger label for a pumping station in the Jordanian desert on its pipeline from Iraq to the Mediterranean. At this remote and inhospitable spot, in an air-conditioned concrete resthouse surrounded by nothing but miles of rock and sand, Jordan's young (20) King Hussein and his cousin, Iraq's young (20) King Feisal II, met last week to discuss the future of Jordan...