Into the town of Comodoro Rivadavia on the windswept Patagonian coast flew President Arturo Frondizi last week to celebrate the 52nd anniversary of the day an Alsatian engineer, drilling for water, brought in the country's first paying oil well. What Frondizi saw, touring by open car, was a brash and bustling boom town (pop. 23,000) where the sprawling trailer camps are guyed by wire against the 75m.p.h. gales, where tricky tides buffet the three to four ships putting in daily at the busy port, where U.S., British, Dutch and Italian oilmen elbow...

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