Word: crude
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Dates: during 1940-1949
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...Virgin Birth: "A crude, semipagan story. . .. Biological research seems to indicate that a human virgin birth may be proved to be possible. Among the insects, reproduction from unfertilized egg-cells is common. . . . However, if biological research should show that in humanity a virgin birth could take place, and that therefore the 'miracle' of the Virgin Birth of Jesus was not impossible, those who now regard the miracle as essential to the Christian faith would feel disquieted. It would be asked why the Son of God should be born in a manner common among the insects, rather than...
...increase was set off by Phillips Petroleum Co. Short of crude, it offered producers 20? a barrel above the current price. Within a few days, scores of other U.S. refineries had been forced to follow Phillips' lead or lose out on their oil. But no oilman thought that the increased price would mean more oil. Four months ago, Big Jersey's President Eugene Holman had talked down a price rise as a production incentive. By holding the line then, Jersey had temporarily forced the entire industry to hold the price line (TIME, June...
This time, even Jersey had to go along with the increase and had raised the price it was willing to pay for crude. The industry talked of a possible increase in the retail price of ½? a gallon on fuel oil and gasoline...
...increase would not win any friends for the oil industry. So far this year, crude oil producers' earnings are up 100% over last year. Refinery companies are well up also. With profits at these levels, many an oilman thought that the smart thing for the industry to do was to absorb the crude increase and hold the retail line...
Last week, in the mud flats adjoining the Musi River, in a 50-mile enclave only recently cleared by the Dutch of Indonesian insurgents, Palembang started refining stored crude left by the Japanese. The wells, some dynamited and others partly .destroyed by fire, were just beginning to flow. But tough, ruddy-faced Harry A. Gibbon, who had led Standard's task force to Palembang, hopes to have them in full production soon. By summer, he expects" to have Palembang turning out its prewar 45,000 barrels...