Word: oiling
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Dates: during 1920-1929
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From the Scottish castle of Achnacarry, whither he had gone as the guest of its famed tenant, Director-General Sir Henri Deterding of Royal Dutch Shell Oil (TIME, Aug. 20), Walter Clark Teagle, president of Standard Oil of New Jersey, last week sent a telegram. It was addressed to the London office of the Associated Press. In effect it read: "Tut-tut!" Actually it read...
...Associated Press knew that the third member of "all three of us" was Sir John Cadman, chairman of Anglo-Persian Oil...
Despite such positive disclaimers of mystery, the London press persisted. The Daily Express found its reporters "rebuffed in all attempts" to get information. But lynx-eyed newsgatherers discovered "a complete secretariat" and a number of other (unnamed) oil officials concealed in the castle, or, more mysteriously, "in its neighborhood...
...meeting to arrange a merger between Royal Dutch Shell Oil and Standard Oil of New Jersey. And, for good measure, even the Anglo-Persian company might be included in the breath-taking consolidation...
...forerunner of a world conference, to be called in October, to limit production in all oil fields, ending the race to corner the supply, lessening international tension...