Word: oil
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Dates: during 1930-1939
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...always reserved the sole right to spank its Latin-American neighbors. Since 1933 the U. S., anxious to avoid the stigma of dollar diplomacy, has spared the rod in the interests of President Roosevelt's "Good Neighbor" policy. Meanwhile, the Mexican Government has seized without compensation oil lands, mines, ranches and farms belonging to citizens of the U. S. and foreign countries...
After President Lázaro Cárdenas seized great foreign oil properties this year, President Roosevelt explained for Mexico's benefit that the Good Neighbor policy "can never be merely unilateral. ... It is bilateral and multilateral and . . . the fair dealing which it implies must be reciprocated." But still, President Crdenas did nothing about paying for what he had grabbed. England got so huffy about the á treatment of her nationals that she broke off diplomatic relations with Mexico...
...Lyme, Conn., the 37th annual summer exhibition of the Lyme Art Association opened with 270 pieces in the big, grey-shingled gallery that fronts the Boston Post Road. Predominately conservative, it included water colors and prints, skilful oils by Ogden Pleissner and Abram Poole, at prices that ranged from $5 for etchings to $2,500 for Ivan G. Olinsky's strong oil, John and Marie...
...almost in half, laid off 1,100 of its 3,600 workers, still lost about $250,000 in fiscal 1938's first six months. Most of this loss, thought President Robert Wilson Wolcott, might have been avoided had the company been using natural gas instead of coal and oil. For years Lukens has been wanting to use natural gas; for years it has been just 3¼ miles away from...
...whom depend on Lukens for a living, backed his plea and last week Pennsylvania's Public Utility Commission decided Lukens could buy its gas direct from Columbia's subsidiary. Henceforth, instead of the 20,000 tons of West Virginia bituminous and 25,000,000 gallons of fuel oil it has been buying annually, the company will use 15 million cu. ft. of gas a day, thereby lop about 20% off its yearly $1,250,000 fuel bill...