Business: Independents for Nasser

OIL & GAS

"Our friend Nasser has sunk 21 ships, and I wish to God it had been 121." Thus Texas Independent Oil Producer H. P. Nichols hailed Egyptian President Gamal Abdel Nasser for blockading the Suez Canal. At the annual banquet of the West Central Texas Oil & Gas Association came more kudos. "As the person who has done the most for West Central Texas oilmen," Nasser was voted the members' "extinguished service" award: a bright pink chamber pot.

Such cynical gratitude to Egypt's dictator had an eminently practical basis. The Suez...

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