Word: petroleum
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Dates: during 1960-1969
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...decisions," insists Kenneth Stanley Adams, 64, chairman of Oklahoma-based Phillips Petroleum. "Only I can say no." Fortunately for Phillips, Kansas-born "Boots" Adams rarely says' no to growth. He set the stage for Phillips' expansion-and for his succession to Founder Frank Phillips-by buying up huge Oklahoma City oil leases, then pushing through a 1936 referendum to allow drilling inside city limits. He led the drive that got Phillips, then just a supplier, into marketing (with 23,440 gas stations) and pushed the extensive research that has made Phillips a front runner in petrochemicals...
Died. William Embry Wrather, 80, petroleum geologist, longtime (1943-56) chief of the U.S. Geological Survey, who pioneered the use of micropaleontology (the study of fossils) for finding oil with the 1918 strike at the Desdemona field in Texas, later in Washington spearheaded the wartime campaign to make the U.S. self-sufficient in vital materials that led to the discovery of substantial domestic deposits of vanadium, tungsten, manganese and other valuable ores; of a stroke; in Washington...
...wondered, however, how Cambodia would replace the economic aid it has recoived from the United States. The American commodity imports program has supplied the bulk of Cambodian petroleum needs, for instances
...Union Oil, Esso Argentina, Pan American Argentina (Standard Oil of Indiana), Continental Oil, Cities Service Development Co., Kerr McGee, Marathon Petroleum, Tennessee Argentina (Tennessee Gas Transmission Co.), Southeastern Drilling...
Finances are always a problem. Modern equipment is hard to come by; qualified instructors are scarce. The schools count heavily on aid from the church, from wealthy parents, and from private businessmen. In Venezuela, the Creole Foundation, formed by Creole Petroleum Corp., recently contributed $50,000 to Caracas' Catholic University. This month the vice rector of Córdoba's Catholic University is on a fund-raising drive in the U.S. and Europe. Among other things, he is discussing a $2,000,000 loan from a private company in California so Córdoba can start work...