Interview with Howard Yergin, an executive at Caltex Petroleum Corporation, discussing his educational background, his military service, his employment with Caltex, his assignment to China in 1948 as an accountant, the conditions in Nationalist China, the Chinese Revolution and its effects on Caltex, Hans Bieling, Phil LeFevre, his assignment to Hong Kong, Caltex internees under the Communist regime, the postwar oil glut, the nature of the Chinese market, and his assignment to Caltex (New York) Taxation Division in 1951. Yergin also talks about Murdo MacIver, Caltex's acquisition of Texaco's North African and European interests in 1947, the development of the Japanese market, long-term planning, the acquisition of T-2 tankers, Bapco and its role in the Caltex system, Minas Field and its importance, military fuel oil contracts, his transfer to the Finance Department, currency problems and Caltex planning, the reorganization into Caltex East, Caltex West, and Caltex Services Company, and the transfer of European operations to shareholders in 1967. He also discusses the development of the Korean market, Caltex in Australia, OPEC and effects on Caltex, expropriation and nationalization, transfer prices and trading companies, the re-entry into China, Caltex in South Africa, governmental relationships and Caltex policy, the training of foreign nationals, Neal Lilley and James Voss, the relationship between home office and subsidiaries, the relationship between Caltex and shareholders, Caltex tanker fleet, the decision to move Caltex headquarters from New York to Dallas, and his appointment as chairman of the board in 1983.
