From the German Wikipedia:
John McCandish King (* 1927 in Illinois ) is a former American oil entrepreneur.
Life [ Edit ]
John McCandish King suffered since childhood bronchial asthma , spent a lot of time in bed, won a knitting competition and studied at the University of Washington . In 1945 he was of Harold Stassen at the Conference of San Francisco employs. He then studied Business Administration and Political Science at the University of California, Berkeley . At Wheaton College in Illinois and at Northwestern University , he founded a Young Republican Federation College, with which he, a part of the unsuccessful attempts by Harold Stasson, U.S. presidential candidate of the Republican Party to be supported.
In 1950, he invested in 1500 U.S. dollars , about 40 percent of its former assets, leaving on the farm of a friend in Oklahoma successfully drill for oil. King saw himself as self-taught Erdölprospektor . In 1963 he moved King of Chicago by Denver . King was the owner of 73 percent of the shares of King Resources, LLC, a joint-stock company to the capital of a computational model of erölrelevanten crust belonged. At times, King employed directly or indirectly, about 5,000 people and was the owner of about 15 percent of the world's available oil rigs. [1] King stopped entangled relationships with Investors Overseas Services and Robert Vesco . In his network marketing , he worked Walter Schirra and Frank Borman . [2]
The end of 1969 the government of selling Golda Meir development rights for oil in the Red Sea to the Midbar [3] Oil Company, a subsidiary of King Resources, LLC, headquartered in London . From the Kenting of Canada Ltd. A oil drilling equipment for the price of half a million was Sterling of Canada over the Canary Islands in the port of Abidjan swum. Waiting there The Centing 1, a Kenting offshore oil drilling platform on calm seas, around the Cape of Good Hope to circumnavigate. Five frogmen of the Egyptian army including Ahmed El Masry [4] , Gamal and Batanaony brought sticky bombs at the four pontoons of the platform and damaged them while Batanaony was shot. [5]
The income development of John M. King was abrupt. 1963 its financial assets was from Forbes Magazine estimated at 300 million U.S. dollars, absolutely it was not enough to that of John D. Rockefeller zoom, but King had this ability to receive and lost short-term. [6] John M. King lived in 1986, of several strokes drawn, as a businessman in the United States. [7]
More is found in the Wild Catters: Texas Independent Oil men. It talks about John’s funds reaching 1.69 billion dollars by 1969. He told me all about trying to bail out Bernard Kornfeld, his time in prison mostly due to over value of Arctic Leases (now valued at even more because of our technology to get to the oil), how he had to sell his copper mine to Anaconda for a million bucks and soon after it was valued at 100 Million USD. And after that attack on the oil rig how he was in one of the Jets with Golda Mier as they attacked Anwar Sadat’s oil refineries because he was the one behind the rig attack. Attempting to bail at Bernard Kornfeld’s IOS was the beginning of the King Empire failure.