Word: petroleum
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Dates: during 1930-1939
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...Heaven, cloistered Emperor Hirohito, proclaimed a National Oil Business Law so bold and drastic that at first it was scarcely taken seriously outside Japan. Provisions: 1) foreign oil companies doing business in Japan must build additional storage tanks and keep always on hand a six-months' supply of petroleum in addition to their normal needs; 2) they are subject to quota restrictions on retail sales which thus far have been rigged to favor Japanese oil companies at the foreigners' expense; 3) the Government reserves the right "in case of emergency" to purchase all petroleum in Japan...
...besmirched one-time District Attorney of Los Angeles County; of a paralytic stroke; in Beverly Hills. Slashing and ruthless in court, he sent some 5,000 bombers, Bluebeards, hammer murderesses and other felons to prison before he himself was convicted for bribery in connection with the bankruptcy of Julian Petroleum...
Royal Dutch produces approximately 11.6% of the world's supply of crude petroleum. Standard Oil of New Jersey produces 11%. Source of TIME'S figures: Standard Statistics...
Wall Street Journal (Aug. 11), article by Thomas Sutton on p. 1, headed "S. O. N. J. World Oil Unit," states in first paragraph "so that today it stands as the world's leading producer and refiner of petroleum...
TIME (Aug. 27) "Deterding on Oil," states on p. 55 ''he rules the world's biggest producer of crude petroleum...