Word: petroleum
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Dates: during 1930-1939
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Sinclair Consolidated Oil and Pierce Petroleum, June...
...most recent test of anti-trust laws applied to such co-operation was last year when Attorney General Mitchell warned oilmen that enforced curtailment, even for the noble purpose of conserving oil, would be held illegal. But last week Col. William Joseph Donovan, in a speech to the American Petroleum Institute gave a more favorable opinion, and last winter President Hoover hinted to bituminous coal producers that he considered there should be exceptions to the anti-trust laws. The coppermen claimed to have had legal opinion that their plan would not be interfered with, but from Washington came reports that...
...Export Petroleum Association, Inc. was formed to handle the export business of members. Prices are changed only by a unanimous vote. Large exporters have recently contended that export prices are too high, fail to reflect the supply & demand situation, hinder selling in foreign markets. Some members have been interested in keeping the price high. A few oil companies not belonging to the Association have been underselling it. Last week Export Petroleum Association suddenly withdrew its price schedule; each company will now handle its own exporting, compete with other U. S. companies abroad...
...vast estates in Palm Beach and Long Island, entertained lavishly, followed horses as well as stocks. His wealth was estimated at $50,000,000. Surely his expenditures lent veracity to this figure. But after heavy losses in the stockmarket he lost control of Cosden & Co. which became Mid-Continent Petroleum Corp., was reported financially down & out. Three years later his friends financed a projected comeback. He moved from Manhattan to Fort Worth, energetically entered the oil industry through the new Cosden Oil Co. in which he had been given a half interest. In five states he obtained leases, built...
...Convention of the American Petroleum Institute; at Chicago...