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Updated: June 5, 2025
On the way a stop is made at Balik Papan, the great oil-producing centre, with its numerous and well-appointed tanks and modern equipment, reminding one of a thriving town in America. One of the doctors in this prosperous place told me that his two children of four and six years enjoyed excellent health.
Like the naphthas and petroleums which have been noticed, this has had its origin in the decomposition of vegetable matter, and appears to be thrown up in a liquid form by the volcanic energies which, are still believed to be active in the centre of the lake, and which may be existent beneath a stratum, or bed, of oil-producing bitumen.
Not only were Iran's vulnerable oil-producing platforms in the Gulf boarded and destroyed with impunity by the U.S., but Iranian naval forces that had come out to challenge the U.S. Navy were destroyed. Iraq's reign of terror, and the strong American message to Iran, possibly helped end the war.
During the past 3 years, you have joined with me to improve our own security and the prospects for peace, not only in the vital oil-producing area of the Persian Gulf region but around the world. We've increased annually our real commitment for defense, and we will sustain this increase of effort throughout the Five Year Defense Program.
But not long after this first crude attempt at oil gathering, the Pennsylvania Rock Oil Co. was organized, with Prof. B. Silliman of Yale College as its president, and a more intelligent method was introduced into the development of the oil-producing formation. In 1858, Col.
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