Word: petroleum
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Dates: during 1930-1939
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...automobiles, coal, steel and cement production, car loadings, department store sales, he predicted next year would be worse than this. For petroleum refining, unemployment and business failures he predicted increases. For electric power and tobacco products little change...
...month President Cardenas neatly split the opposition by a deal with Mexican Eagle Oil Co. (an affiliate of British Royal Dutch-Shell, which controls 60% of Mexican oil production), yielding it full control of the rich Poza Rica field in return for royalties of 15% to 35% of the petroleum produced (TIME...
Houston--Secretary, Richard A. Stout '29, Legal Dept., Shell Petroleum Corp., Houston, Texas...
...held oil fields but see justification in Mexico's taking them, since a Mexican legal principle from the time when the country was a Spanish colony until 1857 held that the Government owned all subsoil rights. From 1884 until 1917, however, Mexican law gave the surface landowner the petroleum rights and it was during this period that the world's great oil companies got their wells drilled into Mexican soil...
...British Royal Dutch-Shell which already controls 60% of Mexican oil production. He handed them an agreement promising them full control of the Poza Rica field, 7,700 of whose 13,000 proven acres Eagle already holds. In return Eagle agreed to give Mexico 15% to 35% of the petroleum it produced, varying with type and amount. Britain and Germany both began bargaining to buy from Mexico whatever portion of this oil royalty Mexican industry does not consume...