Word: petroleum
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Dates: during 1920-1929
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...vigorously protested that the British, French and Dutch interests eventually permitted the U. S. a quarter share of the work and rewards. But one Calouste Sarkis Gulbenkian, Armenian banker, millionaire and onetime business agent of defunct Sultan Abdul Hamid, held a neat 5% of the Turkish Petroleum Co., under whose 75-year exploitation concession the internationals intended to operate...
...members of the four-way syndicate are: Standard Oil of N. J. (Mr. Teagle's firm), Standard Oil of N. Y., Pan-American Petroleum and Transport Co., Gulf Refining Co., and Atlantic Refining Co. The syndicate at first will spend $5,000,000 prospecting for oil; at present contemplates no production...
...Mexico City and in Washington ten lengthy documents were released simultaneously last week. They consisted of the official correspondence between the U.S. and Mexico which has been going on in secret since early last winter concerning the new Mexican land and petroleum laws. Most of the documents released last week do not lend themselves to pertinent summary. The significant fact is that both governments appear to consider the subject closed, and the U.S. Administration has intimated throught "spokesmen" that it considers Mexico to have given sufficient assurances that the new laws are not "retroactive and confiscatory...
...part to the fear which the Deputies felt for the franc. The Radicals, especially the Socialists, who abstained did so at a price: the reluctant inclusion by the Government in the budget bill as finally passed of clauses providing "in principle" for the creation of a government monopoly of petroleum and sugar?two products now very largely distributed in France by foreign-owned corporations...
...Flurried. Potent U. S. oil magnates learned with intense annoyance that these monopolies are seriously contemplated. The U. S. financial press rather hysterically denied rumors that the French Government may be planning to freeze out U. S. and British oil-producing firms and draw all its "monopoly" supplies of petroleum from Soviet Russia. Secretary Kellogg deemed these possibilities so serious that he cabled Ambassador Herrick to report upon the situation. Two days later, however, the French Senate, while it rushed though the new taxes 232 to 12, voted to postpone application of the sugar and oil monopolies. In Wall Street...