Word: oils
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Dates: during 1930-1939
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...world changed color and shape for the stupefied Masons. To their house in the slums of South Philadelphia rushed well-wishers, curiosity-seekers, oil-well and gold-mine promoters. Police had to rope off their street. A man in Liberia wanted them to finance a bus line from Monrovia to the jungle. "All I ever wanted was my own home," Pearl shakily said...
...November, Britain and France agreed to hold hands economically as long as the war lasts. Last week, just to make sure, they joined themselves with silver handcuffs. The earlier agreement was to cooperate in the general fields of munitions, raw materials, economic warfare, oil, food, shipping. Last week's agreement covered the commodity which controls all those fields-money...
Last week little Franks Manufacturing Co. had better than $200,000 worth of unfilled orders that had piled up in 40 days, an anticipated 1939 gross of $600,000, net of $150,000. Portable derricks seem to be catching on. Humble Oil Co. has ordered an initial two. If enough U. S. producers figure the same way, the derrick, ugly symbol of a fabulous industry, may disappear from the skyline of oil...
Meanwhile barge competition heavily subsidized by the Government undercuts railroad rates on many inland waterways. Trucks-which until recently did not have the handicap of being under Government regulation-meanwhile cut into freight traffic, and pipelines took a flood of oil (1938's total: 1,158,000,000 bbls.) that railroads would have liked to have in their tank cars. At the same time automobiles and motorbuses cut passenger traffic particularly on short runs, and finally airplanes arrived to cut long distance Pullman travel...
High freight rates on oil practically subsidized the pipelines...