Word: meyerhoff
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Dates: during 1980-1989
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Another difficulty is management. Oil experts say that the Soviets have not done a good job of handling their resources. Reports Arthur Meyerhoff, a Tulsa, Okla., oil engineer who has traveled widely in the U.S.S.R.: "To say that the Soviets have mismanaged their petroleum industry is the understatement of the year." Western oilmen say that the Soviets made their first serious mistake when they set drilling targets in terms of meters drilled, thus making a deep dry hole as good as a gusher in terms of fulfilling the plan...