Word: oiled
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Dates: during 1930-1939
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...Slick was a frenzied wildcatter from Pennsylvania whose boomtime oil financing became the wonder of the Southwest. He held lawyers, geologists and physicians in equal scorn and died of overwork in 1930, bequeathing his name to two oil fields, a withered oil town and Slick-Urschel Oil Co. In Oklahoma last fortnight the name Slick disappeared from the oil business through a merger of Slick-Urschel with the new Transwestern Oil of Oklahoma...
Last week in Los Angeles a bigger & better merger brought a smarter oilman than Tom Slick triumphantly into the news. After five years of patient maneuvering, poker-faced Harry Ford Sinclair had got what he wanted in California- a major oil distributing system in that State. He got it by agreeing to share it with silver-bearded Chairman Henry Latham Doherty of Cities Service Co., just as he got his great holding company, Consolidated Oil Corp., on shares with the Rockefellers in 1932. Oilman Sinclair's triumph was the acquisition of working control of Richfield Oil...
...there was a report that Harry Sinclair had been elected board chairman of a West Texas Company called Rio Grande Oil, which had a branch in California. Rio Grande soon slid to the brink of receivership and Oilman Sinclair denied that he had anything to do with the company. Just ten months later, however, Harry Sinclair's new Consolidated Oil Corp. acquired control of Rio Grande with the help of Elisha Walker's Interstate Equities Corp. in a deal which has since aroused the curiosity of the Securities & Exchange Commission. Thus, at about the time Richfield was succumbing...
About this time Harry Sinclair borrowed a Fokker from his new Rio Grande company, flew to California for an oilmen's dinner in his honor. "Gentlemen," said he, looking brawny President Kenneth Raleigh Kingsbury of Standard Oil of California in the eye, "I am in California and I am in to stay." Richfield's next half-dozen abortive reorganization plans came alternately from Standard Oil's Kingsbury and Consolidated's Sinclair. As soon as the prospects seemed good for selling out to one company the other company would raise the bid. Sinclair's last offer...
...Standard Oil of California nevertheless remained in the running until May 1935. when Oilman Sinclair cagily deprived Standard of its big incentive for buying Richfield by buying out Richfield's Eastern subsidiary. Richfield Oil Co. of New York. There followed a period in which the Doherty-Sinclair understanding awaited better days in the oil business and Richfield's able Receiver William Chester McDuffie continued to cut down annual losses in the face of excessive depreciation and depletion charges. Last spring, when Richfield was coming back to black ink for the first time since 1930, Harry Sinclair and Harry...