Word: petroleum
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Dates: during 1930-1939
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...Conference of Industry, Science and Agriculture who did not see the practicality of alcohol-gasoline blending as a panacea for farmers' ills, let me congratulate you on your discerning report on the general proceedings there. A joint impartial study of the project, proposed through me by the American Petroleum Institute, if accepted by the Chemical Foundation, will reveal the fallacy of the project on the basis of present conditions and costs and the hopelessness of future manufacture of alcohol at prices of 7? per gallon, such as are predicted by enthusiastic protagonists of the scheme. Note that Mr. Henry...
...small independent oil company producing less than 4,000,000 bbl. a year is Simms Petroleum Co. of Texas. In 1929 it was making a tidy profit of $2,300,000. In 1931 it lost $2,651,000. Last October the company withdrew from the retail gasoline business, sold its service stations. Marketing activities practically ceased, two refineries were shut down. Last week Simms Petroleum sought permission from its stockholders to sell its chief subsidiary and biggest asset, Simms Oil Co., owner of most of the parent concern's oil properties, to Tide Water...
Purpose of the meeting of tycoons, farmers' spokesmen, chemists, propagandists and journalists was to wave the U. S. flag, kick the New Deal, boost the Liberty League, damn bankers, irritate the petroleum industry and, most sincerely, to help the U. S. farmer earn a living by showing him and the rest of the nation how chemistry can turn farm products to industrial account...
...fuels. Nebraska, Iowa, South Dakota and California have been lined up. The policy is to compel the use of home-produced alcohol in the blend or to forego taxes on alcohol used in motors. To head off such trends, President Axtell J. Byles of the American Petroleum Institute last week offered to put up $15,000, if President Garvan of the Chemical Foundation also put up $15,000, for a second impartial investigation of the value of alcohol-gasoline blends. Mr. Garvan last week declined to match Mr. Byles...
...gases a motor fuel which he said last week increased the speed of an Army airplane by 35 m. p. h. Best available high-test gasolines have an "octane rating" of 76. Dr. Ipatieff believed himself well on the way to a 100-octane motor fuel, great goal of petroleum chemists...