Word: oilmen
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...amount of business they expect to do for several years in advance. Once an estimate has been accepted by the Government, all petroleum called for therein must be imported "irrespective of business conditions." Thus a huge oil reserve for the Japanese Navy must be piled up and maintained by oilmen of prospective enemy countries at their own expense-unless they prefer to quit doing business in Japan...
...East Texas Field is a perfect network of secret pipe lines, bypasses and other ingenious devices of knavery. Everybody knows it. Administrator Ickes has declared that if oilmen would furnish the evidence they have in their hands he could cut off every drop of hot oil in 48 hours. Oilmen swear they have turned in enough evidence to convict half the population of Texas but nothing is done...
Thousands of service stations operated by more than a dozen major companies dot the roads of small, thickly-populated New Jersey which is one of the most highly competitive oil and gasoline States in the land. Oilmen felt certain that Socony would not be so foolhardy as to build new ones. Rather, they expected Socony to buy up existing chains of small companies and independents. Socony officials denied that they intended to start a price...
With thundering quickness the King of Kings denounced two years ago the concession of Anglo-Persian, claiming these British oilmen must be cheating his Treasury since they no longer paid in as big royalties as before (TIME, Dec. 12, 1932). Seething with hate of "the British dogs," Persia's Press, which always exactly mirrors His Majesty's views, called for the auctioning off forthwith of "the Persian heritage of oil" to the highest foreign bidder...
...kidnappers last summer (TIME, July 31, Aug. 7), and by Mrs. Slick who became Mrs. Urschel. Slick Oil has sold most of its output to Stanolind Crude Oil Purchasing Co. (Standard Oil of Indiana). In recent months, despite overproduction, other major oil companies have been seeking new crude sources. Oilmen are jealous of their reserves and no flush fields have been opened for several years. Last week Standard of New Jersey, through its mid-continent producing unit, Carter Oil Co., bought Slick-Urschel Oil and all its holdings for $5,000,000 cash (estimated...