Word: oils
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Dates: during 1940-1949
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...Navy took him up in a plane to do 17 pictures of the Navy's blimps in action. For weeks, he painted nothing but blimps: in hangars, on submarine patrol, against the sunset. Standard Oil (N.J.) flew him to Venezuela to paint oil wells. The Chesapeake & Ohio Railroad put him on a private car ("You should have seen those huge bedrooms, with big brass beds in them") to picture the West Virginia countryside...
Most important, to U.S. companies was the old charge that Farben had weakened the U.S. by cartel agreements with Standard Oil Co. of New Jersey to restrict synthetic rubber development, with Aluminum Co. of America and Dow Chemical to restrict magnesium production, with a Du Pont subsidiary to prevent export of tetrazene (an explosive) to Britain...
...Standard Oil Co. (NJ.) had "no cartel agreements with Farben." So said Robert T. Haslam, vice president, this week. He said that Standard had had "an agreement to purchase a large number of Farben's American patents for $35,000,000, plus turning over to them some of our patents. Those patents we purchased gave the U.S. synthetic toluol for TNT . . . 100 octane gasoline . . . buna rubber." The Dow Chemical Co.'s Willard H. Dow denied the cartel charge saying: "Those things have been very much distorted...
...revealing this tale of international oil intrigue and secret diplomacy, Moffett had left out a few chapters. They were thoughtfully supplied last week by William Starling Sullivan Rodgers, Aramco director and board chairman of the Texas Co. First, he called Moffett's accusations of overcharging the Navy "absolutely false." Then Rodgers threw a Sunday punch. Moffett, he implied, was firing off his charges because he was trying to get control of Arabian oil himself. A year ago, Moffett had tried to persuade Ibn Saud to cancel Aramco's concession, give it to Moffett & friends. If Ibn Saud...
Whether by accident or not, Moffett had picked a shrewd time to air his charges. For any investigation of Arabian oil in the immediate future would be against the background of U.S. diplomacy in the Middle East. To take a hard look at this smeary oil picture, the Senate committee has called in former Senator Burton K. Wheeler (see NATIONAL AFFAIRS), a skilled scandal snuffer who first won national attention while investigating Teapot Dome. Wheeler has not yet decided whether a fulldress investigation is warranted. But last week all signs pointed...