OIL: The Smell of Scandal?

In the tough, highly competitive oil industry, James Andrew Moffett, 60, is a man who can take care of himself in the clinches. And he likes a grudge fight. A onetime senior vice president of Standard Oil (N.J.), later board chairman of the Bahrein Petroleum Co., Ltd., Moffett stirred up such a fight last January.

Sharp-tempered Jimmy Moffett filed suit for $6,000,000 against Arabian American Oil Co. (owned by Standard Oil Co. of California and the Texas Co., which also own Bahrein Petroleum), holder of the vast oil concessions in Saudi Arabia (TIME, March 24). This sum, said he,...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!