Word: oilmen
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Dates: during 1920-1929
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...limit on Oklahoma production. Prairie Oil & Gas and Sinclair Oil Corp. were listed as anti-restriction leaders, with the approach of the automobile and gas-consuming season as underlying motive for increased production. Oklahoma has had a proration agreement with an umpire (one Ray Collins) to enforce it, but oilmen turned baseball-men, cried Kill the Umpire, abolished the proration system...
...Like the oilmen, the silkmen desire a limitation of production agreement. Last year a monthly average of 94.5% of all broad looms were in operation. Huge surpluses of finished silk are stacking up in warehouses. Buyers are holding back, waiting for a price break. Like the oilmen, the silkmen need Government acquiescence in an agreement. But the government, much though it might like to, is too tangled up with anti-trust legislation to help or acquiesce in either oil or silk plans (see National Affairs...
...Henri Wilhelm August Deterding, K. B. E., head of Royal Dutch Petroleum Co. and Shell Transport & Trading Co., Ltd., sat at a large mahogany table and ate an Edam cheese sandwich. Around the same table some 20 potent oilmen sat, discussed petroleum and how not to produce too much of it. To Sir Henri, munching his pungent delicacy, might have come memories of the days in which he and John Davison Rockefeller would have constituted an extremely effective quorum on world oil-questions. What battles he had had with the old Standard Oil! How well he remembered the time when...
...agreement to restrict 1929 oil production in North and South America to approximate its 1928 output of 1,075,369,847 barrels. Output of various companies will be pro-rated by five regional committees; restriction is apparently on a voluntary "gentlemen's agreement" basis. Had the U. S. oilmen been European oilmen, they might have drawn up a very solemn legal compact involving fines for overproduction and compensation for underproduction. But despite the fact that President Coolidge in 1924 appointed a Federal Oil Conservation Board which consistently recommended co-operation within the oil industry as a cure for over production...
...interest to all businessmen, of vital im portance to oilmen, was President Hoover's an nounced decision, last week, to allow no further private development of U. S. -owned oil lands...