Word: zoned
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Dates: during 1950-1959
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From under the white sands along the Persian Gulf two new oil wells gushed up 4,400 bbl. a day last week. The twin strike, in the Wafra field of the 50-mile-square Neutral Zone between Kuwait and Saudi Arabia, meant more than just a new source of oil. For Wafra, it pushed output above 50,000 bbl. a day and increased estimated reserves to more than 5 billion bbl. For a tall, stoop-shouldered American named Jean Paul Getty, it was a multimillion-dollar payoff on a daring gamble...
Getty Oil Co., which is 82% owned by Getty and which controls a $1.5 billion oil-and-tanker empire, bought a 50% interest in the Neutral Zone eight years ago, when it had yet to produce a drop of oil. Today Getty holds one of the most important stakes in Middle Eastern oil, where he is the only U.S. individual producer among the giant corporations. Says Getty: "I own my companies. How many others do? There are just a few left like...
...market, Getty is as busy building tankers as he is drilling wells. For Tidewater Oil, which is also controlled by Getty, he has embarked on a $250 million program to build supertankers to carry Getty Co. oil from the Neutral Zone to its major markets in Western Europe, Japan and the U.S. Last weekend the 53,000-ton S.S. Tidewater slipped down the ways at Saint-Nazaire, France. It was the ninth new tanker for Tidewater since 1954 and the second in the past month. Sixteen more are on order at cut-rate French and Japanese shipyards. The total tonnage...
This pair can hit well from inside and out, and will force Harvard's pressing zone to its utmost. Captain Ed Robinson (6-3) is leading the league in rebounds, and presents a scoring threat of his own. The two guards, George Thompson and Tom Sargeant, are capable ball handlers and play makers...
...first game, the Tigers were tired from playing Brown the night before, and were rudely shocked by a surprise pressing zone defense sprung by Crimson coach Floyd Wilson. They did not manage to overcome it then, but by tonight they will be prepared, and more rested...