Word: midcontinental
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The cheerful development was that 28 Oklahoma oil producers had met, unanimously agreed to put state-wide restrictions into effect. Previous voluntary curtailment, believed by oilmen to be the only remedy for overproduction, had been mostly between operators in a single field. Two such restrictions went in effect in Oklahoma...
Aeronautics, William B. Ziff's aviation monthly published in Chicago, recently printed the idea as a corollary of Col. William Mitchell's revived demand for a Department of Aeronautics (TIME. June 10). The National Aviation Academy might be located at some midcontinent point remote from possible boundary invasions. To it...
Few industries are as unstable as that which is concerned with the production, refining and distribution of petroleum. It is always either a feast or famine. Until only a few weeks ago, the famine element seemed uppermost; overproduction had created a great surplus of crude oil for the oil companies...
The heavy production of petroleum has affected the prices for crude oil less than that of gasoline. The latter is now lower than at any time since 1915; crude oil sold in that year at 60? a barrel, and is now $1.50 a barrel. This disparity results from the fine...