Word: petroleum
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Dates: during 1920-1929
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Geology 17, Profesor Knapper, Geology Lecture Room, Moving pictures of the World Struggle for Petroleum...
Associated Oil ranks next to Standard Oil on the Pacific Coast. Tide Water Oil is formidable along the Atlantic, has large workings in the mid-continent field. Together they have the corporate right "to engage in the petroleum business generally, including the power to acquire securities of other companies." The bankers will give no intimations of what concerns may be taken...
...Standard Oil of New Jersey deprecated any great danger, pointed to new saving methods. Henry L. Doherty, gas expert, maintained oil was being burned wastefully, produced wastefully. His researches show that oil pools should be operated as units to maintain below ground the pressure of gasses dissolved in petroleum, making it more fluid. Much oil is now lost on subterranean sands whence it cannot be extracted because of its viscosity when released from gas pressure...
...Standard Oil Co. of California is a complete cycle in the oil industry. It is the largest individual producer of crude oil in the U. S. and dominates the marketing of petroleum products along the west coast of both Americas. It is carrying on oil exploration work in Alaska, Venezuela, Mexico, Colombia, Ecuador and Argentina. It was originally incorporated in 1879 under the name of the Pacific Coast Oil Co.; changed its name to that of the Standard Oil Co. in 1906. All its stock the Standard Oil Co. of New Jersey owned until 1911, when the Government forced...
...Mexican purse fattened in the past. Most land-owning corporations will have to be organized with at least 51% of their stock in Mexican banks. Those within 25 miles of the frontier of Mexico must be 100% Mexican. "All natural mixtures of the carbons of hydrogen (i. e., "petroleum," etc.) are vested in the nation," and their transference to foreigners is so restricted as to leave most of the profit in Mexican hands. In short, if the laws come into effect and are held to be constitutional and retroactive, hundreds of millions of dollars worth of "foreign owned property" will...