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Last week the subject was very much in the limelight as Y.P.F. signed a new contract with Oklahoma's Kerr McGee Oil to drill an additional 350 wells. Two days later, Argentina's electoral college chose a new President, Arturo Illia, who has vowed to annul all the oil contracts...
Marinas & Uranium. In search of diversification, Socony has in the past year investigated 123 projects, from oil-fired air conditioners to marinas and country clubs. Last week Socony bought nine plants producing paints and industrial coatings from Martin Marietta Corp. Some other companies wander farther afield: Kerr-McGee bought a railroad tie producer, Tidewater a uranium mine in Wyoming and the exploration rights for diamonds in Hottentot Bay, South West Africa. Kern County Land Co., a California oil producer, gets more than half its gross revenues from turning out auto parts...
That's Why. Kerr defied description either as a liberal or a conservative. He could only be explained as an Oklahoman -and an oilman. He fought savagely for continuance of the 27½% oil-depletion tax allowance; all the while he remained chairman of the board of Kerr-McGee Oil Industries Inc., and sneered at conflict-of-interest charges. As an Oklahoman, he supported President Truman's ouster of General Douglas MacArthur-mostly because he feared that MacArthur might expand the Korean war to the point that National Guardsmen of Oklahoma's Thunderbird Division might be called...
...Kerr was born near Ada, in what was then Indian territory, worked as a salesman and schoolteacher, passed the bar after clerking in an Ada law office. In 1929, he joined with his brother-in-law to start a shaky drilling company that eventually became the $200 million Kerr-McGee corporation. Kerr entered Democratic politics as a fund raiser and spokesman for the oil and gas industries, was elected Governor in 1942, and went to the Senate in 1948. He became the second-ranking Democrat, behind Virginia's Byrd, on the Senate Finance Committee. As such, he last year...
Deeds & Rumblings. The show is directed by Broadway's Richard Whorf and written by Paul Henning, whose jokes and routines have at various times fueled Fibber McGee, Rudy Vallee and Bob Cummings. The characters are engaging people even if they are called Beverly Hillbillies, and this is one time 35 million people aren't wrong. Like ABC's I'm Dickens-He's Fenster. the show is supplying an apparent demand for straightforward, unsophisticated, skillfully performed humor. "It's my kind of corn." says Director Whorf-"right...