Word: petroleum
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Dates: during 1930-1939
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...hair, wears a monocle. Last week he was on his way to Pittsburgh to address the International Coal Conference with another German, Dr. Franz Fischer of the Kaiser-Wilhelm Institute. His method of hydrogenating anthracite under 100 atmospheres pressure at 100° C. to produce synthetic petroleum he turned over to the dye trust and went on to new discoveries. He believes hydrogenation of petroleum would produce 105 gallons of gasoline from 100 gallons of oil, expects this method to be used when the world's oil resources are exhausted. Last year he developed a process for making sugar...
...American Petroleum Institute? mouthpiece and clearing house of the oil business, composed of 4,300 individuals from all the companies of importance? met last week in Chicago resolved to take Oil more firmly in hand. Secretary of Commerce Lamont was there to tell Oil that it must regard the public interest, must cease the "mad wastes" of the past. In the air was talk of setting up an Oil Dictator, to govern the petroleum business as baseball and cinema are governed. Mentioned (to his great delight) as possible oil tsar at a possible salary of $250.000 a year, was Vice...
...President-Elect Beaty was quick to dissociate himself from any thought of dictatorship. "I was elected just to do my best," said he, ". . . to keep the industry going smoothly down the middle of the road." Nevertheless observers guessed that, within the limits of the anti-trust laws, the Petroleum Institute under Amos Leonidas Beaty might become more like a "Swope Plan" trade association whose resolutions will be followed and followed...
...elected head of the Institute. Edwin B. Reeser, twice president, is president of independent Barnsdall Corp. The late Elmer West Clark who preceded him was executive vice president of Union Oil Co. of California. Amos Leonidas Beaty's only position now is a directorship in Phillips Petroleum Co. But he well understands the viewpoint of the big companies. He used to be president of great Texas Co. Texas is his State. His Texan stature and accent mark him in New York, where he now lives, golfs, bridges, flies. A lawyer for 15 years before serving Texas Co. for 20, sometimes...
...Keyes, former district attorney of Los Angeles County, was released from San Quentin prison after serving 19 months of a one-to-14 year term. He was convicted of conspiracy to receive a bribe in connection with Julian Petroleum Corp. stock fraud prosecution. Home again in Los Angeles he announced a friend had given him a job selling Fords...