Word: petroleum
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Dates: during 1930-1939
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...Essolube Motor Oil for the Northern lap of his trip from Buenos Aires to New York. From this point contact was made with our representatives in San Jose, Managua, Tegucigalpa, San Salvador and Guatemala City requesting that the proper courtesies be extended upon his arrival. The Huasteca Petroleum Co. of Mexico was also notified with the request that they in turn contact associate companies across the U. S. border. We, therefore, were most interested in reading of the successful culmination of his "trek" as appeared in TIME...
...Cardenas last week nationalized by decree 2,000,000 acres of oil lands held largely by foreign concerns in the States of Tabasco, Campeche, Chiapas. A sweeping decree, employing Article XXVII of the Constitution, which makes all subsoil wealth the property of the Government, turned over to the National Petroleum Administration some 100,000 acres subleased by Standard Oil Co. of California, 250,000 acres leased by the Richmond Petroleum Co. of Mexico, Standard Oil Co. of California subsidiary, and 500,000 acres leased to the French-financed Compania Agricola y Colonizadora de Tabasco. Nationalization of oil lands not under...
Cool on the banks of piney Lake Mendota rests the quiet city of Madison, centre of a rich dairy and farming area, home of Wisconsin's State capitol and State university. Last week, though no petroleum has ever been found there, Madison became also the temporary capital of the U. S. oil industry. In the biggest trust-busting case since the famed dissolution of Standard Oil, the Federal Government last week brought to trial in Madison 18 major U. S. oil companies, five of their subsidiaries, three oil trade journals and 57 ranking oilmen.* Under the Sherman Anti-Trust...
...high prices from specified independent refiners who came to be called "dancing partners." But Secretary Ickes in 1934, month after he urged oilmen to undertake pool buying under NRA, wrote as follows to Mr. Arnott: "It has been brought to my attention that the market for gasoline and other petroleum products has recently been disturbed by numerous price wars. . . . This has resulted in petroleum products being sold below cost in some areas in order to meet unrestrained competition. . . . Price wars necessarily injure small independent marketers. . . . Therefore, I am requesting and authorizing you, as Chairman of the Marketing Committee, to designate...
...Pennsylvania Salt Manufacturing Co. was founded in 1850 near the salt deposits of Natrona, Pa., to manufacture alkaline salts of soda. Its process was a failure. Oil found on its land helped to keep it alive for a few years-it became the first company to export refined petroleum from the U. S.-500 bbl. to London at 5? a gal. But "Salt" has paid dividends every year since 1863, and last week was able to announce the most profitable year in its history: earnings of $11.79 a share on 150,000 shares of stock...