Word: anglo
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...captain to attempt to run the British blockade wound up in a British court at Aden (TIME, June 30), Jones snapped: "If I sent any tankers, you can be sure the same thing wouldn't happen ... If you mean that I will be sued by the British and Anglo-Iranian, I might, but I will not lose much sleep over that." Had the U.S. State Department approved his trip? Jones replied: "Well, they didn't disapprove...
...smarter to stay in opposition and sabotage the government instead of being saddled with government responsibility themselves), Iran is becoming a riper and more inviting plum for the Reds every week the deadlock continues. Said one Briton last week: "After all, it might be better to lose Anglo-Iranian and keep Iran...
Jones is an old hand at rescue work in the sort of expropriation trouble afflicting Britain's giant Anglo-Iranian Oil Co. When the Mexican government expropriated U.S. oil properties in 1938, Cities Service's holdings, all still unexplored, were grabbed along with the rest. But in 1948, Cities Service became the first big U.S. company to make its way back into Mexico...
Last week the Wall Street Journal said flatly that Jones's job in Iran was to buy 100,000 bbls. of oil a day for Cities Service. The Journal pooh-poohed Anglo-Iranian Oil Co.'s threats that it will sue anyone who tries to market the oil. Said the W.SJ.: "Some oilmen think the British case wouldn't stand up in U.S. courts." Most U.S. oilmen found such a proposition hard to believe. Jones is too shrewd an operator to take on Great Britain, the U.S. State Department and Anglo-Iranian all at once. Furthermore, Cities...
Best guess of oilmen was that Jones was trying to work out a deal to get Iranian oil not only for Cities Service but for a group of U.S. oil companies and Anglo-Iranian. The larger U.S. companies can use more crude and have the tankers to transport it. While Anglo-Iranian has shown no disposition to cut any outsiders in on Iranian oil, U.S. oilmen think it may be the only hope left for a solution that would save face all around...