Word: petroleum
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Dates: during 1950-1959
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...died. Oil imports, which caused a crippling trade deficit, dropped from $280 million in 1957 to $174 million this year, and will cease in 1961. As befits a nation ranking twelfth in the world in proven oil reserves, Argentina plans to be selling a yearly 25 million bbl. of petroleum abroad...
...This country can't develop if we just take things out of it"). Now Sabba's string of eleven corporations is making tin cans and rubber tapping cups, shotgun shells, kraft paper, oil drums, prefabricated houses, dynamite. He distills essential oils, makes leather products, refines and distributes petroleum. He has set up a businessman committee to attract others to .the frontier...
...vested interests," e.g., Freeport Sulphur's Moa Bay nickel and cobalt mines. Mining companies, still studying the law, said that it was "pretty rough" and might wipe out profits completely. Three days later, Castro seized oil-company records of land leases in Cuba, pending issuance of a new petroleum code...
...tripled their market share to 25%. Last week giant Esso A.G., a subsidiary of Standard Oil Co. (New Jersey), alarmed because its share of the market had dropped from 35% to 25%, stomped out of the cartel rig; out followed Shell, Mobil Oil, British Petroleum...
...weight. The Navy has already spent $122 million in the program, the Air Force another $110 million. The first group of 20 B-70s with boron afterburners would have cost $3.5 billion, and the boron fuel to power them would have been about 100 times more expensive than conventional, petroleum-product fuel...