Word: petroleum
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
With the "revolution" admittedly only 30% complete, President Cardenas set out the accomplishments of the first three years of his six-year term: 1) the Government has nationalized 7,000 miles of railroad; 2) the National Petroleum Administration, in competition with foreign-owned companies, has strengthened the nation's oil economy, may lead to eventual nationalization of the industry; 3) agricultural production has increased. The land-division among the peons will be pushed to a conclusion; 4) the Government now has 40 tons of gold in reserve, a coverage of almost 40% on outstanding banknotes. This was the first...
This week genial U. S. Ambassador Josephus Daniels, fresh from a conference with President Roosevelt, informed the Mexican Government that "Washington is interested in the situation confronting the petroleum companies." Fear that the U. S. $200,000,000 oil interests, the U. S. $500,000,000 mining interests will be squeezed out by taxation, higher wage demands, has been haunting American industrialists in Mexico during Cardenas' term. Taking the first important formal step affecting U. S.-Mexican relations in four years, the Ambassador warned that "anything that would disturb the status quo and good relations would be regretted...
...Mexican Workers) parade the city streets, cheering their orators-chief of whom is CMT Secretary General Vicente Lombardo Toledano, hot-eyed little organizer, who looks a little like George Raft, likes to be compared to John L. Lewis. Last week, 18,000 unionists, members of the Syndicate of Petroleum Workers, had good reason to cheer. A 3,250-page, nine-volume decision in their favor was handed down by a special commission named by the Board of Arbitration to investigate Mexico's oil industry. It aimed to settle the long-simmering dispute between the Sindicator de la Industria Petrolera...
...commission based its conclusion that the industry was able to stand an annual salary increase of $7,200,000 on four points: 1) "The curve of prices of petroleum products in the past months is rising, indicating that prospects for the industry are good for the coming years." 2) With one exception the percentage of profits in relation to capitalization of the Mexican companies was an average of 34.28% during the years 1934 to 1936, while the U. S. oil companies' percentage of profit was 6.13%. 3) The cost of producing a barrel of oil in Mexico during...
More than a million gallons of Dowell inhibitive acids go into 400 wells every month under the direction of 74 Dowell "acid doctors," trained petroleum and chemical engineers and geologists. Dowell's 201 pieces of automotive equipment travel 200,000 miles each month...