Word: oils
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Dates: during 1940-1949
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Like a mother fretting over a willful child's diet, beagle-eyed Dr. Morris Fishbein, editor of the American Medical Association Journal, keeps a sharp watch over the nation's food & drug habits. Last fortnight Dr. Fishbein was worrying about mineral oil, of all things...
...such touchiness about this year's unprecedented profits was shown by Union Oil Co. of California, which reported profits of $13,749,940 for the first nine months (compared with $6,624,352 in the same period last year). Union's president since 1938, Reese Taylor, 48, an ex-WPBer as blunt as he is big, gained respect on the West Coast for pulling California's Consolidated Steel Corp. out of the red in the mid-'30s. He thinks business need not be apologetic about profits. Said he: "If the company is to provide an incentive...
Help Yourself. In a new self-service gas station in Los Angeles, motorists helped themselves to gasoline, oil, water, and air for their tires, paid the station's cut-rate charges to girls on roller skates. The customers liked the new prices, but some found the system confusing. One was prevented just in time from putting oil into his battery, another misjudged the automatic cut-off on the gasoline hose, doused one of the cruising cashiers...
...Newell (though glad to encourage his oil-company backers) was more excited about the theoretical aspects of his discovery. Rarely had paleontologists found a marine fauna that was practically identical on both sides of the equator. Obviously, he speculated, there was no tropical belt of warm water in those days to check the spread of temperate sea life...
...Buckling Oil Line. The rise of 20? a barrel in crude oil prices caused Standard Oil Co. of Indiana to boost its wholesale price on supply-pinched oil products by as much as 1½ a gallon. Standard Oil Co. of New Jersey still held the price line. But it adopted an allocation plan for its dealers...