Word: venezuela
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
Reason for suspension was that Colombia had just about succeeded in pricing itself out of the oil business. While Venezuela's tough but sense-making petroleum code fostered a billion-dollar industry, Colombia's confusing, ultra-nationalist oil laws had crippled efforts to develop resources. It often took ten years to get an exploration concession through Colombian courts. After that, the million dollars spent on drilling a new well would be subject to tax whether oil was found or not. Extra-legal riders of one sort or another jacked royalties as high as 25%; the total government take...
...Colombian politicos did not seem disturbed by the virtual shutdown on wildcatting. Their country was bigger than Venezuela, they reasoned, with coffee, gold and other cash products besides oil. Many even argued that an oil boom would hinder the country's all-round development, and pointed to oil-rich Venezuela's deficient agriculture and industry for proof. "What will Venezuela have to show for lying supine before the drillers?" snapped a young Colombian oil-ministry bureaucrat. "Holes, that...
...Every German state should be given veto power like that in the U.N." One C.S.U. leader has remarked: "A separatist's happiest dream is somebody to be named Bavarian ambassador in Bern, but the truth is none of them has brains enough to be a vice consul in Venezuela...
...clippings were from the Havana weekly Bohemia. Among them was an article by Andres Eloy Blanco, Foreign Minister in the ousted Gallegos regime. It described an exchange of letters between Harry Truman and Gallegos on U.S. recognition of the military junta that overthrew Gallegos. * To the representatives of Venezuela's revolutionary government, such a document was subversive...
...name suggests,* looks like a solid Southern gentleman. A handsome 30-year-old with a fullback's build, he has a flourishing export-import business in New Orleans. He also has a millionaire father-in-law-hearty, red-faced William Stevens of Miami, a building contractor in Venezuela since the days of President Isaías Medina...