Word: petroleum
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Dates: during 1920-1929
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...conservation moved off in a new direction last week. The Federal board headed by Secretary of the Interior Wilbur to deal with this problem advised the American Petroleum Institute, in effect, that what was apparently illegal under the Sherman anti-trust law could be made legal through the little-used state-compact clause of the U. S. Constitution. What smart Secretary Wilbur proposed to the A. P. I. was: Disintegration of its hard-won national agreement to limit oil production to the 1928 figures, into state agreements; legalization of these agreements by each state; consolidation of these state authorizations into...
...Richfield Oil's President James A. Talbot, Clifford Durant, son of Motor-Financier William Crapo Durant, Norman Church, Joseph Schenck, the Agua Caliente Hotel in Mexico just south of the California boundary, Shell Petroleum, each have similar de luxe Fokkers. Fokker is building five $100,000, 32-passenger, four-motor transports for the Universal Air Lines system. Those will be the largest, most expensive standard ships ever built in the U. S. The Keystone Patrician, too huge to fit into Detroit's Convention Hall, after making a 25,000-mile circuit of the country without a difficulty, costs...
...Henri Wilhelm August Deterding, K. B. E., head of Royal Dutch Petroleum Co. and Shell Transport & Trading Co., Ltd., sat at a large mahogany table and ate an Edam cheese sandwich. Around the same table some 20 potent oilmen sat, discussed petroleum and how not to produce too much of it. To Sir Henri, munching his pungent delicacy, might have come memories of the days in which he and John Davison Rockefeller would have constituted an extremely effective quorum on world oil-questions. What battles he had had with the old Standard Oil! How well he remembered the time when...
...given his Bank of America a potent investment banking organization that will secure him an entrance into many an investment syndicate that Bancamerica does not reach. Sensational has been Blair & Co.'s success in recent years, its oil operations having culminated in the organization of the recently formed Petroleum Corp., $100,000,000 oil investment trust (TIME, Feb. 4). Able Elisha Walker, who will become president of Bancamerica and chairman of the executive committee of Bank of America, will doubtless be the active leader of the merged properties. But back of him will stand Mr. Giannini, now approaching...
Mexico and South America, headed by E. J. Sadler, President of Creole Petroleum...