Word: petroleum
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Dates: during 1920-1929
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Evidence accumulates that the vast overproduction of oil in the new California fields has at last been halted, and that new supplies of petroleum there are declining considerably. According to S. A. Guiberson, Jr., Chairman of the Prorating Committee of the Southern California Oil Producers' Association, California output is now about 834,000 barrels daily. He also characterizes as untrue rumors in the financial centers that huge amounts of new well petroleum were being "shut...
Dead fish and petroleum forever...
That coal is the compressed and carbonized remains of prehistoric vegetation is known to everyone. Dr. John M. Macfarlane, Professor Emeritus of Botany at the University of Pennsylvania, believes that petroleum is the product of buried beds of organic matter derived from fish. He traces the origin of petroleum to volcanic disturbances which in early geological times upheaved the water and land surface of the earth and killed immense quantities of fish. Extensive zones of fish remains have been found throughout the northern hemisphere in the same rocks with rich bituminous oil deposits. Sometimes oil migrates long distances through porous...
...Macfarlane is a Scotchman, 68 years old, educated in Edinburgh. He was Professor of Botany at Pennsylvania from 1893 to 1919 and stands high in his specialty. He has been studying the relation of fish to petroleum for 50 years. Scientists familiar with his work attest its authenticity...
This development has occurred without any special effort by petroleum companies to stimulate it; the latter have apparently felt that their first duty lay in supplying gasoline for automotive consumption, and feared the inroads upon the supply needed for this purpose which would be caused by a sudden and excessive increase of oil-burning ships...