Word: petroleum
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Dates: during 1960-1969
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...Confederacy be established, such shenanigans would be of no more than parochial interest, to be regarded by the 37 United States in the same light as revolts in Iran . . . The Southerners could buy our automobiles and we would buy their textiles. Barley would go for bourbon and books for petroleum. The U.S. would undoubtedly do the handsome thing by sponsoring the C.S.A. for entry into the United Nations, where Khrushchev & Co. would soon learn a thing or two about the fine art of obstructionism...
Originally filed as a criminal action by the Truman Administration in 1952, the suit charged the five with conspiring with Royal Dutch Petroleum Co. and British Petroleum Co. Ltd. to fix free-world oil prices and control world oil production. The Eisenhower Administration toned down the suit to a civil one in 1953, and the Justice Department spent seven years re-examining the merits of its case, which even the trustbusters knew was none too strong. Last week two of the defendants, Jersey Standard and Gulf, while not admitting any guilt, signed consent decrees promising not to enter into...
...List. So great was the rush to leave Cuba that the party-lining National Confederation of University Professionals scheduled a mass meeting to make members publicly swear to stay. The government has reportedly drawn up a list of engineers, petroleum specialists, executives to be halted at the airport...
Into the green-carpeted Petroleum Club lounge of the Northern Hotel in Billings, Mont. last week popped the Republican candidate for U.S. President. Then, with the group of newsmen accompanying him on the campaign trail, Richard M. Nixon opened the kind of informal press conference (no direct quotation allowed) that was once a standard Nixon campaign instrument. Although they had been complaining bitterly about the rarity of such occasions in recent months, most of the traveling newsmen largely ignored the visitor, leaving the Vice President to get along with local reporters...
...area-pricing system drew mixed reactions. It was promptly condemned by the Independent Petroleum Association of America as "unworkable." The association's lawyer said that the commission's standards are "without any legislative foundation" and will be "subject to change at any time, an unsure footing for long-range industry operation." But some gas producers who have been holding back expansion for fear of adverse individual cost-rate decisions, saw some virtue in the new system. It will open up the FPC pipeline of rate requests, thus will put more natural gas in the pipelines...