Word: petroleum
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Dates: during 1960-1969
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...four years of terrorism and civil war. With the British will depart much of the country's economy. London paid most government expenses. British troops generated 30% of the country's gross national product, the British free port brought tourist dollars into Aden, and the British Petroleum Co. built the Federation's only significant industry-an oil refinery 25 miles from Aden. Even in the unlikely event that the British departure brings peace, it will throw at least 25% of the labor force out of work. And the new government will have to tackle the potentially disastrous...
...also chairman of the Business Council, an advisory group for the White House. When Middle East hostilities either slowed or stopped production at Mobil's holdings in Saudi Arabia, Iraq, and Iran, the company merely dipped deeper into its vast North American reserves and substituted Western Hemisphere petroleum for Middle East oil that could not reach Europe quickly because of the Suez Canal closure. As a result, Nickerson reported third-quarter earnings up 6.8%, to $93.8 million. Jersey Standard Chairman Michael L. Haider announced that the world's largest oil company had substantially increased its Western Hemisphere operations...
...artists shares the impatience to see the future, even in mockups, for he feels that the U.S. is on the verge of a major artistic breakthrough. So far, he points out, the forms that the U.S. has contributed to Western civilization have been largely architectural: skyscrapers, grain silos, factories, petroleum drums, bridges. But Egypt matched its pyramids and temples with obelisks and sphinxes, while Greece's Parthenon was glorified by the handiwork of Phidias. Michelangelo unified Florence's Piazza della Signoria with his 14-ft.-high David-which was positioned in front of the Palazzo Vecchio...
Much of this year's action has centered on such volatile-or promising-stocks as American Motors, Allis-Chalmers, Chrysler, Flying Tiger, Occidental Petroleum and Pan American Airways. The hotter the stock, the more costly the call-sometimes as much as 20% of its current value. In its last study of the option market, the SEC found that only 40% of put and call options are exercised. "We are asked over and over whether we are encouraging people to pour money down a rathole," admits Paul Farmer, head of Goodbody & Co.'s option department. Farmer does not think...
...recent issue of Playboy, for example Episcopal Bishop James A. Pike blithely wrote that the Jesuits owned a controlling interes in Creole Petroleum Corp., a Venezuelan subsidiary of Standard Oil of New Jersey, which owns 95% of Creole's stock...