Word: oils
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Dates: during 1930-1939
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More cheerful was Phillips Petroleum Co., which more than a year ago instituted a fifth advance in gasoline manufacture. Gasoline was first made by boiling oil, next by squeezing gasoline vapor out of natural gas ("casing-head process"), later by distillation of crude oil ("cracking"), finally by hydrogenation. The Phillips process was polymerization-formation of heavy molecules from light ones with heat, pressure, catalysts (chemical activators). By this method lightweight derivatives formerly wasted or diverted to by-products are made into high-grade fuel. Trade papers pointed out that if all gaseous hydrocarbons produced in cracking were utilized...
...liveliest climaxes in its director's career. The first arrives when Saladin (Ian Keith), the Saracen leader, kidnaps Berengaria. Richard hurries a siege tower, ladders and catapults to the walls of Acre, from which Saladin's soldiers shower arrows, spears and boiling oil. The second comes when, finding that Saladin is not in Acre but Jerusalem, the cavalry of the two armies meet in a head-on collision on the edge of a ditch into which a quorum of men and horses roll with neighs and yelps. With these two scrambles out of the way, there...
...expense of executives who do not want the world to know what they are making. Not yet released from SEC's "confidential" files are the salaries of such tycoons as Alfred P. Sloan of General Motors, Gerard Swope of General Electric, Walter C. Teagle of Standard Oil of New Jersey, Myron C. Taylor of U. S. Steel...
Disaster was his from the start. He spent $600,000 drilling wells around Luling, some 60 miles from San Antonio. Not a drop of oil was found. His two geologists, having learnedly proved that the field was dry, packed up and went home. Creditors took his furniture. The banks declined to renew his notes. His neighbors, pointing to a new boundary survey, forced him to move his last drill from a spot he had selected to a spot which, he was afterwards convinced, Divine Providence had picked for him. The day the bank returned his check for $7.40 marked "Insufficient...
Edgar Davis went back to Texas to drill for more oil. Out of his immense wallet money continued to pour-$1,000,000 for charity in Brockton, $1,000,000 for a land experiment station at Luling, $1,000,000 in bonuses for his employes, $10,000 for the best painting of a Texas wildflower. According to Edgar Davis' theosophic conception of things, Divine Providence had led him to money and it was his holy duty to spend it. But after the failure of The Ladder the Davis successes grew fewer. His North & South Development Co. continued to wildcat...