Word: oils
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Dates: during 1940-1949
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...soil, trying to find out what man may do with it and himself in the heat and rain. Here & there they will come upon other pith-helmeted, mosquito-booted men laden with atabrine, DDT bombs, boxed instruments, and closely guarded notes. These are the geologists of the major oil companies looking for petroleum lands. Ever since Peru's Ganso Azul (Blue Goose) field proved that the Amazon had oil (TIME, April 22, 1946), surveys have gone discreetly ahead. What the oil geologists have found they...
Cockroach Teaser. To check the theory Beck & Miles started with cockroaches, which wear their smellers conveniently on their antennae outside their bodies. They put oil of cloves vapor (attractive to cockroaches) behind a gas-tight window of material transparent to infrared. The cockroaches responded to it just about as strongly as if the barrier were not there. When a thin sheet of glass (opaque to infrared) was added to the barrier, the cockroaches showed no more interest in the window than when there was no oil of cloves behind...
...heart of Argentine economic czar Miguel Miranda. Last week Miranda closed a deal with a U.S. Army mission for the sale of 28,110 tons of Argentine corn at the reasonable price of $104 a ton ($2.66 a bushel). He also announced that Argentina, if it could get oil and other transportation necessities, would be happy to sell all grains at the "world price." No one knew exactly what the "world price" was, but the U.S. hoped it would be less than the exorbitant $5.90 a bushel Argentina has been getting from hungry Europe for its wheat...
Gleam. Texas Eastern had begun as a gleam in the eyes of E. Holley Poe, an Oklahoma-born gas consultant; Everette Lee De Golyer, Texas' famed oil geologist ; Charles I. Francis, a Houston lawyer, and Houston's shipyard-building brothers, George and Herman Brown (TIME, Feb. 24). They advanced some $250,000 (later repaid by the company) in the early stages of engineering, planning and bidding. When down payments totaling $5,100,000 had to be made to the War Assets Administration, Dillon, Read's help was sought. Dillon, Read & Co., with the Browns, et al, lent...
...spent to build the pipelines. Moreover, the financial legerdemain had created something of benefit to the nation. By finding an outlet for Texas gas, the company would cut down the shocking waste of over 600 billion cubic feet of gas a year now "flared" at Texas and Louisiana oil wells...