Word: oil
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Dates: during 1930-1939
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Died. Kenneth Raleigh Kingsbury, 61, president of Standard Oil Co. of California; of a heart attack; on board the Grace Liner Santa Paula, in the Panama Canal...
Heretofore when the cinema has chosen subsea subjects, it has usually focused on a stricken boat on the seafloor, has peered in at anguished men gasping for air, sweating great globules of mineral oil (which looks more sweaty than sweat). The undersea mishap that climaxes Submarine D-1 is taken in a reassuringly even stride. Under the unruffled direction of Lieut. Commander Matthews (George Brent), everything goes like clockwork. In the equalizing chamber the crew stands chattering about horseraces and San Diego girls while water creeps up to their waists, submerges the lower end of the tubular escape hatch. Presently...
Last week foreign oil companies, already vastly excited over the expropriation, suddenly heard a rumor that the Board of Arbitration was about to decide in favor of the $7,000,000 wage increase previously ordered. Immediately the oilmen got together, announced that they would "suspend operations" and abandon the country rather than pay it. It was at that point that President Cárdenas, who has plenty of resolute and resourceful Indian blood in his veins, called in representatives of Mexican Eagle Oil Co., affiliate of British Royal Dutch-Shell which already controls 60% of Mexican oil production. He handed...
From the British point of view the concession is like money from home. It gives Great Britain a huge oil reserve which can be reached without passing through the Mediterranean, where she no longer has undisputed control. From the U. S. point of view the move looked like an astute means of splitting the unified stand of the foreign oil companies on the wage question...
Died. Atlee Pomerene, 73, onetime (1911-23) U. S. Democratic Senator from Ohio, prosecutor, with Owen Josephus Roberts, of Teapot Dome oil lease cases under Calvin Coolidge, board chairman of the Reconstruction Finance Corporation under Herbert Hoover; of pneumonia; in Cleveland...