Great Oil Sniffer Hoax
The Great Oil Sniffer Hoax was a 1979 scandal involving French oil company Elf Aquitaine. The company spent millions of dollars to develop a new gravity wave-based oil detection system, which was later revealed to be a scam. Elf lost over $150 million to the hoax. In France, the scandal is known as the "Avions Renifleurs" ("Sniffer Aircraft").
Read more about Great Oil Sniffer Hoax: Prior To Elf, Elf Involvement, Exposure, Political Scandal, Bonassoli Reappears
Famous quotes containing the word oil:
“Oh Gull of my childhood,
cry over my window over and over, take me back,
oh harbors of oil and cunners, teach me to laugh
and cry again that way that was the good bargain
of youth....”
—Anne Sexton (1928–1974)