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| Prominent buyer of Russian oil |
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| Chairman of Standard of NJ in 1960s |
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| Studied chemical engineering; worked in a refinery in Baton Rouge—general manager by age 31 |
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| Problem: spend his entire career in the U.S.—didn’t know how Mid. East would react to another cut of the Posted Price |
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| Jersey’s Expert Middle East negotiator |
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| Man who had put together the Iranian consortium |
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| Greatly disagreed with Rathbone’s decision to cut prices |
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| Suggested Rathbone consult with the governments of producing companies before cutting prices |
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| OPEC’s first Secretary General (Iranian) |
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| King Faisal of Saudi Arabia |
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| oriented toward the West; competition developed between Saudi Arabia and Egypt, which culminated in their war in Yemen |
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| who aligned himself with King Saud, was fired with King Faisal came to power and was replaced with Ahmed Zaki Yamani |
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| 1963, upset about OPEC’s ineffectiveness and failure to produce benefits for Venezuela |
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| King of Libya; leading exports were esparto and scrap metal. However, even in 1905 geologist suspected oil |
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| chairman of the Council on Foreign Economic Policy, told Sec. of State Dulles that those who were invoking ‘national security’ to restrict imports were all mixed up. If national security was the concern, the best thing to do was encourage imports in order to preserve domestic reserve |
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| Finally on March 10, 1959, he announced the imposition of mandatory quotas on oil imports into the U.S. –disappointed the majors who had to go back and explain this to foreign exporters |
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| agreed that a ‘nice balance should be obtained’ |
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| suggested stockpiling oil and putting in exhausted wells |
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| wrote to Senator Lyndon B. Johnson (1949) and stated that foreign oil had destroyed the domestic marked for $2 billion worth of Texas oil |
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| Had turned ENI and its oil subsidiary AGIP into a world force |
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| He took on established oil companies and the U.S. government /NATO |
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