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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...

Author: /time Magazine | Title: Energy: The Tough Search for Power | 6/23/1980 | See Source »

...victory was a sweet ending to a long, troubled journey for Owner Harry Meyerhoff, Trainer Bud Delp and Jockey Franklin. They had left the friendly and familiar confines of Maryland tracks last winter to campaign Spectacular Bid at Triple Crown prep races in Florida and Kentucky. As newcomers to big-time racing, they quickly found themselves snubbed by the Thoroughbred establishment. Meyerhoff, a retired millionaire builder from Baltimore, and his wife were not even invited to the traditional ball before the Flamingo Stakes, despite the fact that their colt was heavily favored and indeed won the race the following...

Author: /time Magazine | Title: Sport: Welcome Home! | 5/28/1979 | See Source »

Spectacular Bid's victory in the first event of the Triple Crown, earning $228,650 for Owner Harry Meyerhoff, a Baltimore developer, was all the more convincing because of the rocky way he was handled during the preparation for the Derby. Trainer Grover ("Bud") Delp had boasted that Spectacular Bid was "better than Man o' War," and then asked the big, gun-metal gray colt to prove it. The Thoroughbred was whipped hard in almost every race, no matter how far ahead he was. He won every time, yet his very success raised a serious question...

Author: /time Magazine | Title: Sport: Spectacular Bid Trumps the Field | 5/14/1979 | See Source »

After a week of anguished waiting, Owner Meyerhoff announced that Franklin would retain his mount on Spectacular Bid. Said Meyerhoff: "The horse always runs very well for Ronnie. They have an affinity for each other...

Author: /time Magazine | Title: Sport: Spectacular Bid Trumps the Field | 5/14/1979 | See Source »

Grover ("Bud") Delp, the loud and loudly dressed trainer who encouraged Meyerhoff to acquire Spectacular Bid, has been a consistent winner around Maryland tracks, but he has had little experience with a major stakes champion. While other trainers in this year's race are Derby regulars, Delp has never before attended. Says he: "The only thing I'll miss is watching the Derby...

Author: /time Magazine | Title: Sport: The Gun-Metal Gray Rolls-Royce | 5/7/1979 | See Source »

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