Word: petroleum
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Dates: during 1930-1939
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...London in 1927, Jonathan Ogden Armour sold to his wife for $1,500,000 a few stock certificates in an unknown company called Universal Oil Products. The Chicago meat packer had backed the little company because it controlled an oil-cracking process developed by that appropriately-named inventor, Carbon Petroleum Dubbs. After her husband's death Lolita Sheldon Armour offered her 400 shares of Universal Oil to the Armour creditors, who scorned them. Four years later the Widow Armour, Carbon Petroleum Dubbs and a handful of other stockholders sold out to a group of big oil companies for more...
...immediate domain of Iran's King of Kings. The Sheik also allows British planes flying to India to use one of his islands as a landing base. Few years ago the Sheik permitted Standard Oil of California to set up on the island a subsidiary called Bahrein Petroleum Co., which is now booming along with some 1,000,000 barrels production annually. As London's imperial weekly Great Britain and the East philosophically remarked: "It was a disappointment to some that the concession for petroleum in Bahrein was awarded to a non-British company, but assuredly that...
...vaccine he himself had discovered in British employ for prevention of typhoid, paratyphoid and cholera. Sir Aldo shipped to East Africa tons of quinine for malaria, tons of serum tubes for tetanus, gas gangrene and snake bite, and 18,000 hospital cots. He covered suspected water holes with petroleum, fumigated camps, provided good drinking water, dotted Eritrea with hospitals and laboratories. The Italian Army fought under unprecedentedly thorough medical care...
Diggest holder in the field is still United GAs. Standard Oil of Louisiana has bought 3,000 acres at a reported price of $10,000,000, and Gulf Oil is reputedly dickering for half of that for $6,000,000. Other companies with large acreage include Texas Corp., Philips Petroleum, American Liberty Oil Co., Cities Service's Arkansas Natural Gas, Lion Oil Refining Co. and Pelican...
Sitting high is Oilman Norton. When title questions are cleared up he will have cashed in by selling 5,500 acres in Rodessa to Socony-Vacuum's Magnolia Petroleum Co. for $15,000,000 and heavy royalties...