"A talk with Mr. Proudfit," said Caracas' La Esfera, "is full of references to Venezuela. This country is a fundamental part of his being, anonymously present in every gesture and word." Last week, after 25 years in Venezuela, Creole Petroleum Corp.'s President Arthur T. Proudfit boarded ship for New York, where he will become a director of Creole's parent company, Standard Oil of New Jersey.
Behind him, Oilman Proudfit left an organization that in 33 years had pumped $1 billion in investments into Venezuelan oil, in return had pumped out as much as $500 million a year of black crude. Creole...
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