Word: petroleum
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Dates: during 1930-1939
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Because of the "unbelievable" preservation of the specimen found in Illinois, a club moss cone over two hundred million years old, located in Carboniferous rock in Grundy County, scientists may have a new test for the hypothesis that the world's underground stores of petroleum derive from plant life, Darrah said...
...generative elements, which are often indiscernable in living organisms, can be seen. Moreover, although the original plant fiber has disappeared, the oil has been preserved, in a hardened state, thus forming a perfect mummified picture of the cells. Whether this oil has been an important source of natural petroleum is a question geologists have been studying for years...
Last week it became public knowledge everywhere but in Mexico that the Mexican Government Petroleum Administration was swapping oil for newsprint with Nazi Germany. A very good reason for loudly proletarian President General Lázaro Cárdenas' Government failing to broadcast this news for home consumption was that simultaneously in Mexico City was convening the first Latin-American Labor Conference, which opened with many a sharp cry against "Nazi and Fascist penetration of Latin America." Host to the conference was ascetic, sloe-eyed Vicente Lombardo Toledano, president of the CTM (Confederation of Mexican Workers). Only...
...issues, but private sales are continuing because issuers can avoid the expense of underwriting and the troubles of SEC registration. Chief buyers are big insurance companies, which generally take an entire issue. This tends to give the insurance companies substantial say in the management of the issuer. Before Phillips Petroleum could market last week's issue, for instance, it had to get permission from a group of insurance firms to which it sold $23,000,000 in debentures in 1935 and 1937. To many a SEC official such circumstances have long spelled monopoly. Last week SEC began its long...
...Phillips Petroleum Co., $25,000,000 in 3% convertible debentures (TIME, Aug. 8). Stockholders subscribed to this issue for retiring loans so eagerly that the underwriters, First Boston Corp., had only $1,325,500 to sell the general public...