Word: petroleum
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Dates: during 1930-1939
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Almost any quality or gravity of crude oil may be used as a base for obtaining gasoline. Should petroleum resources be depleted, factories using the new method may effectively use coal as a base by simply installing a machine for grinding the coal into a powder and a contrivance for removing ashes...
Standard. The hearings in the Government's suit to restrain Standard Oil Co. of New York from merging with Vacuum Oil Co. (TIME, March 3 et seq.) reached an end last week in Manhattan. Vacuum Director Harold F. Sheets, the last witness, analyzed world petroleum production in 1929. According to his figures. Royal Dutch Shell was far in the lead with 175,992,000 bbl., with Standard of New Jersey second (101,100,000 bbl.). Socony and Vacuum combined were down in sixth place (57,986.000 bbl.). In daily refinery capacity he put Standard of New Jersey first...
...years ago the Society of Automotive Engineers and the American Petroleum Institute joined forces and appointed this committee to find a uniform scale by which the knock-reducing quality of fuels could be expressed. At that time they explained that knocking is not directly caused by valves or carbon but by irregular and too rapid explosion of gasoline injected into cylinders overheated by any cause?insulating carbon deposits, lime coatings in the cooling system, faulty oiling...
During the taking of testimony, Harold F. Sheets, an oldtime Vacuum official, sketched the history of the oil industry since 1911, when the Standard of New Jersey trust was dissolved. In 1907 Standard of New Jersey handled 82% of U. S. petroleum business, and in that year there was not a single gasoline filling station in New York City. Standard Oil was then mostly household kerosene and machine oils, and Standard had an unchallenged monopoly. In 1904 (when Standard of New Jersey made a $62,000,000 profit) there were only 55,000 automobiles registered, 6.908.000 bbl. of gasoline produced...
...idea of piping gasoline (not crude oil) across country. First company to do this was Standard Oil of New Jersey, which recently converted its 380-mi. crude oil pipe from Negley, Ohio to Bayonne, N. J., into a gasoline line. Most important of proposed gasoline pipe lines are: Magnolia Petroleum Co.'s go-mi, three-inch line from Luling, Tex. to San Antonio; Sun Oil Co.'s 500-mi. Susquehanna line from Marcus Hook, Pa. to Pittsburgh, Cleveland, Akron; Phillips Petroleum Co.'s 800-mi. line from Texas Panhandle to St. Louis and Kansas City...