Word: venezuela
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Dates: during 1940-1949
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...year, a royalty of 55? a barrel, and a 25% interest in the company. This was so much more than any other company offered that oilmen were aghast. Furthermore, the world oil supply was already so ample that U.S. imports from the Middle East and Venezuela are being cut back. Last week there were signs that gasoline prices might soon be coming down. In view of that, Getty's rivals thought he would have to step some to make his concession-if he gets...
...brothers named Tom and Harry Hays, first met Eladio Susaeta in 1940 when he came to Canada looking for clients. Five years later he was on their payroll. Since then Susaeta has made two trips a year through the hemisphere, has sold Holsteins from Puerto Rico to Argentina. Venezuela and Uruguay are his steadiest customers. Elsewhere sales have increased in direct ratio to urbanization, which has boosted the demand for milk...
Accepting the inevitable, the U.S. last week recognized the military governments of Venezuela and El Salvador. Before doing so, the State Department had gone about as far as it could to discourage power-hungry army men elsewhere in Latin America. At the order of President Truman (TIME, Jan. 10), it had put off the Venezuelan recognition for two months. But when it asked other Latin American governments for advice, their almost unanimous answer was, in effect: "Face the unpleasant facts...
...week's end, the junta found itself involved in diplomatic wrist-slapping with Chile. The Chilean government asked the Council of the Organization of American States to consider Venezuela's refusal to let ex-President Romulo Betancourt leave Caracas' Colombian embassy, where he had been since the coup. Replied the junta: 1) Betancourt had just been given a safe-conduct, and Chile knew it; 2) Chile had been guilty of an "unfriendly act" in even mentioning the subject. To make it stronger, the junta called its ambassador home from Santiago...
...they chipped in and built the Avila Hotel in Caracas, Venezuela. The deal paid off, but such casual choices as that and McDonnell aircraft were not satisfactory to the methodical Rockefellers. Three years ago the Rockefellers formed Rock Bros., to put their capital to work. They already had a treatise to guide them. David, the youngest of the family, who "works down at the bank" (Chase National), got his Ph.D. on "The Theory of Capital Resources and Economic Waste...