Word: petroleum
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Dates: during 1920-1929
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...latest move being made by the United States to prevent the spread of foreign control in American fields is the denial of oil land lease assignments to the Roxana Petroleum Corporation. This ostensibly American company, all of whose stock is owned by a Delaware corporation, is in reality under foreign control, since a majority of the voting stock of the holding company is, in turn, owned by the Royal Dutch-Shell combine. The Roxana Company is shut out of lease-holds by the leasing law of 1920, which provides that " citizens of another country, the laws, customs, or regulations...
...similar and even more striking case of climbing prices and record production is afforded by the petroleum industry. Crude oil has been marked up 25? to $1.75 per barrel by several prominent companies, notably the Texas Company and the Humble Oil and Refining Company. Yet the daily average production of 1,801,800 barrels for the period ending March 10 has established a new high record for the history of this country. The recent difficulties in the coal industry have probably proved of importance in the steadily widening employment of fuel...
Hungary: A commercial treaty has just been signed with the Royal Hungarian Government, whereby Russia will export raw petroleum for the Hungarian refining plants, and Hungary will be allowed to participate in the industrial and agricultural rehabilitation of the country. British capital will back the Hungarians in these undertakings...
...great business of motion pictures. Consider, for instance, the physical bulk of the motion picture industry in Los Angeles County; the third largest industry in that County is food production, with a weekly payroll in the neighborhood of a quarter million dollars; the second largest industry is petroleum, having a payroll a little larger than a third of a million; surpassing both of these in size is motion pictures with a combined weekly payroll, I am told, approaching a half million dollars. Of course this makes the motion picture industry of the very first importance commercially and places upon...
...What is the effect on international politics of the discovery of petroleum deposits in weak States...