Word: oilfields
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Beyond Kerch, which the Germans hold, lie three of the great Russian oilfields: Maikop and Grozny in the North Caucasus and Baku in the Transcaucasian Soviet republic of Azerbaijan. Maikop is closest to Kerch, 185 miles away. It produces 2,479,500 tons, only 7% of Russia's estimated yearly oil production. Grozny, farther along the way, produces slightly more. But Baku, nestled far down on the Caspian side of the Caucasus, is the richest oilfield in the world. Alone it produces nearly 75% of Russia's rich oil stores...
...oilfield at Yenangyaung, chief of the Burmese wells, which could produce 7,979,000 barrels a year, had to be blasted and wrecked by the retreating British, is now a ruin, useless to friend and foe alike. Gone is the chief and nearest supply of oil for China. Gone, apparently, was any hope of holding a line in Burma until the summer rains come to help the defenders...
Vertical v. Horizontal unionism bobbed up again. This time the drive to reform the Federation along vertical (industrial) lines rather than the traditional horizontal (craft) union structure was precipitated by the Oilfield, Gas Well & Refinery Workers, who were about to be decimated among metal craft organizations. Other small, new industrial unions were marshaling for verticalism under the covert leadership, it was said, of John Llewellyn Lewis, whose United Mine Workers are organized vertically and form the most powerful single A. F. of L. unit...
Kettleman. Oilman Doherty believes in the unit form of operating an oilpool. Part of his last week's blast was: ". . . Competition in an oilfield is no more competition than is a run on a bank. . . . In fact, the operators are trying to get not only their own oil but everybody else's." Last week a small owner in Kettleman Hills, rich California field, denounced Secretary Wilbur for his plans to put Kettleman on a unit basis. The small man said unit operation would give Standard Oil of California a monopoly. Phrase. To scraggle-whiskered Governor William Henry ("Alfalfa...
...Federal Oil Conservation Board has suggested a six-day refinery week; the American Petroleum Institute since its organization in 1920 has championed curtailment; California's law prohibiting the waste of natural gas has been a way to force reduced production. Now many oilmen hope the conception of an oilfield as a mutually owned unit will be the solution. Production by Royal Dutch-Shell has increased overproduction, but Sir Henry Deterding stoutly maintains he has reduced his production in proportion to U. S. curtailment...