Word: oilmen
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Lightly held in his big fingers was a check for $1,500,000 that had not yet quite left the hand of Mexico's Ambassador to the U.S., Dr. Francisco Castillo Nájera (see cut). In the heart which other oilmen think pumps oil instead of blood, was the knowledge that once again Sinclair Oil Corp. had struck a gusher while the rest of the industry struck rock...
Army's Contract. To Washington and Whitehorse and Norman Wells shuttled U.S. and Canadian officials and oilmen. Finally a contract was signed by which the U.S. Army would help develop the field. It would also build a pipeline of some 500 miles for the crude to a U.S. refinery at Whitehorse, plus gasoline lines to Skagway (on tidewater), Fairbanks, and the airfield at Watson Lake. In all. some 1,600 miles of pipeline, over the toughest terrain imaginable, plus an oilfield as industrially remote as Africa...
...date, as oilmen well know, OPA has steadfastly refused to permit an increase in oil prices. At present oil imports from South America are increasing, but will not ease the civilian gasoline pinch because: 1) war requirements will have to be met first; 2) South America has no excess refinery capacity now to take the strain off overloaded U.S. refineries; 3) the U.S. expects to use South American oil to fuel any large-scale offensive in the Pacific because production in California, now fueling the Pacific operations, cannot be increased sufficiently to supply a big push...
Significant figures bubbled up from oil-rich Texas to show how the independent oilmen are being frozen out of the oil industry, with the result that the number of new "wildcat" wells has power-dived to an alarming low. Example: Harold Ickes, petroleum arbiter, pleaded for 4,500 wildcats this year. So far Texas operators have sunk a mere 233, bringing in only 1 8 oil wells...
...Standard Oilmen are proud of their "cat cracker" because it is the first to operate continuously. Instead of passing oil vapors through a catalytic bed or chamber, as in older devices, the process uses a powdered catalyst so fine that it acts like a liquid, is carried along by the very vapors it cracks. As a powder, the catalyst exposes the maximum surface to the reaction...