Word: petroleum
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Dates: during 1930-1939
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...Discussed legislation to divorce marketing from other phases of the petroleum industry. This is supposed to be a New Deal objective as one result of the conviction, in Madison, Wis. four months ago, of 16 major oil companies and 30 of their officers of fixing the market price on petroleum products at the expense of the public. A Senate subcommittee is now considering a bill introduced by Senator Guy M. Gillette of Iowa to divorce oil production and sale much as the New Deal divorced banking and underwriting in 1933. Last week President J. Howard...
Mexico City estimating the take at less than 100,000 pesos ($25,000) was immediately followed by another estimating it at more than 300,000 pesos ($75,000). Meanwhile, Mexico's Second Federal District Court handed down a decision that when the 18,000 Mexican petroleum workers staged their uprising and seized the oil lands for the Mexican Government, this was equivalent to their having been discharged by the former U. S. and British owners. Judge Ignacio Martinez Alomia handed down at Mexico City last week a blanket decision that the former employers of the 18,000 workers...
...jury's verdict should be set aside because the jurors deliberated the complex case only seven hours, which was not enough time to give each defendant the individual consideration specifically ordered by Judge Stone. Meanwhile, in Washington, a Senate committee, studying a bill to require separation of marketing petroleum from producing, refining and transporting it. heard monopoly-hating Senator Borah claim that "four or five big oil companies" control the price of gas and oil and have done so "for four or five years...
...Silverdale is a traveled, reserved, clean-shaven Staffordshire native, 61 years old, who walks from two to five miles for a breakfast appetizer, speaks phonograph-taught French. As plain John Cadman, he devoted his life to coal, gas and oil, spent twelve years' professorship of mining and petroleum technology at Birmingham University before he became head of the Anglo-Iranian Oil Co. Ltd. and was raised to the peerage. When a British M.P. last year accused the Government-backed Imperial Airways of being "the laughing stock of the world," Lord Cadman was named as a disinterested layman to head...
...show that Soviet production of coal, one of industry's most vital factors, was during the first nine months of 1937 not only definitely below the 1937 Plan figure but also below the production figure for the same period in 1936. The same was true of petroleum, copper and machine tools. On the broad economic front Soviet production is rising, as indeed Tsarist industrial production rose spectacularly in the decade before the Revolution, but Soviet fulfillment of the Plans as a "system of planned economy" or a "planned economic order" cannot be found by neutral economists in Moscow-each...