Word: sheiks
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Dates: during 1950-1959
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...rush for amateurs. Already the West has invested $2 billion in the Persian Gulf area; it is the biggest overseas venture of U.S. big business. The leases are the subject of high-level intrigue; ordinarily friendly powers such as the U.S. and Britain compete feverishly, if covertly, for a sheik's favor: each Cadillac presented by a friendly U.S. company seems to be met by a Rolls-Royce coming from London...
Before the Mid-East's oil age, the tribal Arabs had a morality and political system which suited their severe lives crudely but comparatively well. The poorest Bedouin could get an audience with the great sheik and a handout from his kitchens. The mistreated slaves could flee to the local ruler, demand protection under the law of the Koran...
...Tall Men, he plays Sergeant "Mike," the tallest and the strongest of the ten men who save a French Colony from the claws of the Sheik's marauders. In doing so the sergeant wins a medal and a very remarkable princess--very remarkable because she can ride horseback for hours, wearing only gauze pants and a halter, without getting even sore knees...
...Aramco announced a 50-50 profit split with Ibn Saud, increasing his 1951 oil royalties from $60 million to $100 million. Other oil companies, particularly Anglo-Iranian, privately deplored such generosity, but belatedly offered to do likewise. American-British-owned Kuwait Oil Co. had to give Kuwait's Sheik an even better split, and American-British-Dutch-French-owned Iraq Petroleum topped that by agreeing to bring Iraqis into the board of directors...
...production with Gulf Oil Corp., output is close to 800,000 bbls. a day, compared to 640,000 bbls. a day from Iran before nationalization. And last week Anglo-Iranian and Gulf assured the steady flow of Kuwait oil by signing a 50-50 profit-sharing agreement with the Sheik of Kuwait. By expanding its refineries all over the world, Anglo-Iranian expects to make up by 1953 for the loss of the Abadan refinery...