Word: petroleum
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Dates: during 1930-1939
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...these gloomy items of the week faded for a moment before two other important developments: Independent producers were cheered by the prospect of a Federal embargo on petroleum imports to the U. S. Corporate producers were cheered by a court decision in favor of the much-discussed merger plan of Standard Oil Company of New York and Vacuum...
Wilbur's Switch? To reach its decision, the Senators took much testimony. Robert Giffen Stewart, president of Standard Oil of Indiana's big subsidiary, Pan American Petroleum & Transport Co. was dead against any tariff, as well he might be since his company is one of the biggest importers of gasoline. Senator Tydings of Maryland was also opposed. He said a tariff would cost the U. S. people "at least $980,000,000 a year." Senator Tydings probably also had in mind the fact that when an experimental shipment of Soviet oil was lately made to the U. S. it arrived...
...Petroleum Corp...
...disappeared from the boulevards of Chicago, and his fortunes crashed and he died in London, the cycle of his family has swung low, then started up again. Last month his widow realized handsomely on one of his characteristic plunges, an investment in the oil-cracking process of Inventor Carbon Petroleum Dubbs (TIME, Jan. 21). And last month the Supreme Court released Chicago packers from the consent decree of 1920 by which they were obliged to restrict themselves to the meat business despite competition in meats from the grocery chains. Swift & Co. last week availed itself of this release and announced...
...service stations far and wide, was a leader in the mad race for gallonage. No territory was considered too competitive for invasion, and early in 1929 Richfield entered New York-New England. Although smaller producers were bought, Richfield could not keep up with its sales and had to buy petroleum on contract from other companies. Richfield's buying contracts made other companies think twice about buying Richfield when the time came. Mr. McDuffie, president, last week was made receiver. His bond was set at $3,500,000, a Federal record. He is an experienced oilman who began work...