Word: oils
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Dates: during 1940-1949
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Vague Remedy. The labor section, in deference to the C.I.O and A.F.L., demanded outright repeal of the Taft-Hartley Act. This put conservative Democrats on the spot. But only vague remedial legislation to reduce labor-management conflicts was suggested. On the question of tidewater oil rights: silence...
...hardly at all with the original idea of the 19th Century Scotsmen. When they got through, they had engines that weigh only 10 to 20 Ibs. per horsepower and are about as efficient as diesels. Their simplicity makes them cheap to maintain, and they burn almost any fuel, from oil to coal or corncobs...
...would be widespread. FTC says that there are 191,907 companies which use basing points. As industry's bellwether, Big Steel had set a pattern which thousands would follow. As a result, U.S. consumers might soon have to pay more for a whole lot of things -for furniture, oil, machinery, paper and hundreds of other items...
...London last week, Oilman Ralph K. Davies sealed the deal that he hoped would make his American Independent Oil Co. (TIME, Sept. 1) one of the biggest U.S. producers in the Middle East. Said Davies: "A forward-looking . . . chapter in the history of oil ... The first time a large-scale oil operation has been undertaken in the Middle East by independents...
...independent was Independent? Ten U.S. oil companies ponied up its $10 million capital. The State Department smoothed the path to the Sheikh of Kuweit, joint owner with Saudi Arabia's Ibn Saud of the Arabian desert's "neutral zone," where Independent's oil concession lies. State also passed the word that Independent was its chosen instrument for the "neutral zone" oil lands. And Arabian American Oil Co., in neighboring Saudi Arabia, was ready to let Independent use the projected 1,100-mile pipeline to the Mediterranean...