Word: ans
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Dates: during 1920-1929
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Sir Henri Deterding is, as everyone knows, head of the Royal Dutch-Shell petroleum interests, largest crude oil producing company in the world. Old in the oil business, veteran of many oil wars, Sir Henri at one time battled, not unsuccessfully, with Standard of New Jersey in its pre-dissolution...
Having arrived at the convention, Sir Henri made what is reputed to be his first formal speech, talked on "Common Sense in the Oil Industry," said no more about his "no compromise" position. Said he: "The idea that it might be possible that the 'collecting department' [that which supplies the...
Production. Aside from Sir Henri and the Shell-Socony war, oilmen were chiefly interested in the perennial problem of overproduction. When 1929 began, there were in storage 625,000,000 barrels of crude oil, representing excess of production over consumption. Production during 1929 totaled about 200,000 barrels a day...
New Jersey's Teagle. Huge is the Standard of New Jersey organization, but not too huge for the personal domination of Walter Clark Teagle. Mr. Teagle is 6 feet, 2 inches tall and weighs 230 pounds. When he opens the door of the company's offices, his presence is instantly...
Mr. Teagle's maternal grandfather, Morris Clark, was first partner of John Davison Rockefeller, in the days before Mr. Rockefeller began the formation of Standard Oil. His father, John Teagle, was an early oilman. It was to drive a tank car in his father's firm (Scofield, Schurmer & Teagle) that...