Word: oils
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Dates: during 1940-1949
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...Venezuela, sitting on the biggest proven oil pool on the continent, was thoroughly enjoying the crisis. By taking its one-sixth royalty (70 million barrels) in kind from the big private companies and then reselling most of it back to them at scarcity prices, the government was ringing up a fancy profit. Venezuelan Oil Czar Juan Pablo Perez Alfonso, in a deal that would give Argentine State Trader Miguel Miranda a dose of his own medicine, was ready to barter 2 million barrels of Venezuela's high-priced oil for Miranda's expensive beef. Oil-starved Argentines thought...
Canada was desperately hoping that the Hyde Park Agreement could be kept alive. The oral pact made in 1941 between President Roosevelt and Prime Minister King had treated Canada like a 49th state in sharing scarce commodities-especially oil and steel. Last week, in a speech in New York City, Humphrey Hume Wrong, Canada's Ambassador to the U.S., made a bold bid for perpetual preference...
...Hair Oil & Aluminum. The polished surface of the mirror was transparent glass, still to be covered with a reflecting film of aluminum. Before this could be done, the glass had to be cleaned perfectly. The trick was to cover the surface with a "monomolecular layer" (one molecule thick) of a fatty acid to keep dust off the glass. This process sounds formidably scientific, but in practice the glass was covered with a well-advertised brand of hair oil (essentially an emulsion of lanolin), and the excess wiped off carefully with special wool flannel...
After the hair oil was removed by an electric blast of "ions," the great disc was "silvered" with vaporized aluminum. At last, the big eye was finished...
...been for the inventory charge-off, the company would have had net earnings of $48.8 million. . . The company . . . passed all oil, fat and other cost increases along to the public in the form of higher prices [and] tacked on more. The housewives who saved fat and turned it in to the soap manufacturers for little or nothing may find this a little difficult to understand...