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:
“I became increasingly anarchistic. I began to find people of my own class vicious, people in clean collars uninteresting. I even accepted smells, personal as well as official. Everyone who came to the studio smelled either of machine oil or herring.”
—Margaret Anderson (1886–1973)