Word: petroleum
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Dates: during 1920-1929
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...wants and flipping a coin to see if one was justified. An uncomfortable suspicion arises that the administration is marking time until revolution shall break out in Mexico and enable "the Devil-Dogs" to go in to restore order, protect American lives and property, and allow the United States Petroleum interests to develop Mexican resources in their own sweet...
...inauguration, President Harding transferred the Navy oil reserves from the Navy Department back to the Department of the Interior.† Then, as later Senate investigations revealed, Secretary Fall received a mysterious "loan" of $100,000 on Nov. 3, 1921, from Edward L. Doheny, potent head of the Mexican Petroleum Co. The money was delivered to Secretary Fall in cash in a satchel by Mr. Doheny's son. With it Secretary Fall purchased the finest ranch in New Mexico. On Dec. 11, 1922, Mr. Doheny's company leased the Elk Hills oil reserve from the Government. On March...
...found some, but at 36 he found himself nearly penniless in Los Angeles. So he discovered oil near that city, rose again and fell again financially. Then he got himself a horse and set out to explore Mexico. Rich oil fields met his eye; he organized the Mexican Petroleum Co. Now, he has accumulated a fortune of some $100,000,000. Perhaps, he regards his Elk Hills leases as Doheny was a bribe, or at least just another successful bit of pio neering...
Synthol. Professor Franz Fischer of Mulheim-Ruhr takes this same wood alcohol and builds up a petroleum-like fuel...
...Phillips Petroleum. Some directors of the Phillips Petroleum Co. might have been worried as they gathered for their meeting last week. Demand for oil is falling off with the approach of winter and the consequent lessening of motor driving. But oil production is now averaging about 2,250,000 barrels daily, due chiefly to a newly developed Oklahoma field (the Seminole). President Frank Phillips soothed their worries with his operating report. In July, August and September his earnings (before depletion and depreciation were deducted, were $10,626,579, a company record. His clear earnings for the first nine months...