Word: petroleum
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Dates: during 1920-1929
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Frank Phillips, president of the Phillips Petroleum Co., reported net profits of $4,937,931 (previous year: $21,407,709); pointed to general overproduction of crude oil and gasoline throughout the industry; told that Phillips Nu-Aviation gasoline has been contracted for in Government air mail service...
...Gasoline" is the subject of the fifth of a series of illustrated popular lectures on important developments and discoveries in various fields of engineering. At 4.30 o'clock this afternoon, Professor J. B. Conant '14 of the department of Chemistry, will describe the manufacture of gasoline from petroleum with a consideration of the fundamental scientific principles involved. In connection with the economics of gasoline, Professor Conant will discuss the future supply of petroleum, conservation of petroleum resources by development of high compression gasoline, and the possibilities of motor fuel from alcohol, shale, and coal...
...Farmer Hiram was a failure. He loved to raise apples. But his apples rotted. His farm went to ruin and unrepair. The harness fell apart. Inventor Everest, always of a studious, enquiring drift of mind, tried some of Mr. John. D. Rockefeller's newfangled Pennsylvania fluid called petroleum on the harness. It softened, unstiffened. Manufacturer Everest built a small still near his barn, made harness dressing, sold it, prospered a little, but was utterly ruined by a patent suit establishing that somebody else had previously made harness dressing in the same kind of still...
Litigant Everest turned to his abandoned harness-oil still. He thought of trying petroleum for mechanical lubrication. Only wax and vegetable oils were then in use. Modern lubrication science was born at the barn. The Rochester oil business soon became too vast for Hiram Everest. Responsibility of management told on him. The Standard Oil Company bought him out at a small price, throwing in a job with a small salary, a nominal job as President of the Vacuum† Oil Co. with nothing much to do. President Everest continued to raise apples on his farm outside Rochester...
...distant seas. The bright young men hit on the roc, huge bird that took Sindbad's baggy pants in its beak and carried him across mountains to drop him into a gully full of diamonds. But here a language difficulty arose. Roc sounds like rock. In German petroleum is rock-oil (Steinöl). Most unfortunately the bird of Persian mythology would not do. Medieval France was then scanned. A suitably universal monster was found adorning every Gothic Cathedral, fighting off devils. Gargoyle, therefore, became synonymous for lubricating oil wherever Christian church architecture is known. The management...