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Small Beginnings. Long before Krug or Forrestal, the oil industry had seen the revolution on the way and started to get ready. The Texas Co. has a 38% interest in Carthage Hydrogl, Inc., is now building a $20 million plant at Brownsville, Tex. to produce synthetic gasoline and oil daily from natural gas. Standard Oil Co. of Indiana will shortly begin construction of an $80 million synthetic plant in the Hugoton gas fields of Kansas. The two plants will produce 14,000 barrels of oil daily...

Author: /time Magazine | Title: OIL: Cold Comfort | 2/2/1948 | See Source »

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