Word: petroleum
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Dates: during 1930-1939
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...canned and dried fruits. Among manufactured products, we export from a fourth to a half of our total production of sewing machines, printing and bookbinding machinery, office appliances, agricultural implements and aircraft. One out of ten of all American-made automobiles normally goes abroad. . . . Likewise, substantial quantities of our petroleum products, foodstuffs, wood-pulp and copper-to mention only a few items-are produced for the foreign market. . . ." Author of this exposition is ruddy President Warren Lee Pierson of the Export-Import Bank of Washington, official guardian and nursemaid of this enormous trade. Last week his bank made one loan...
With their newfangled electrical and seismographic prospecting instruments, petroleum geologists have found indications that oil formations may lie as deep as 25,000 ft. below the earth's surface. Until the visible supply of oil begins seriously to dwindle, probably no one will try to drill five miles. Meanwhile, in California's San Joaquin Valley, Continental Oil Co. has bored to 15,004 ft.-nearly three miles. This well, prosaically designated as K.C.L. A2, is the deepest hole ever made in the Earth. Having brought up oil from 13,100 ft., it is also the deepest producer...
...Penang, learned how to make money for the Society, and quit to make money for himself. His next job was with a man named J. B. A. Kessler, who was head of a small concern with a large name, which was: The Royal Dutch Co. for the Working of Petroleum Wells in the Dutch East Indies...
...abrupt decline in prices-19.7? a Ib. down to 11.3? since last year. Also the International Tin Committee ordered tin exports cut from 55% to 45% of standard tonnages. In Washington, Secretary of Agriculture Henry Wallace said he would soon reduce sugar quotas in the U. S. The petroleum industry, still hopeful of maintaining current prices, cut production to its lowest point in many months-3,098,650 bbl. daily, 77.8% of capacity...
...Charles E. Arnott, Socony-Vacuum Oil Co.: A. G. Maguire, Wadhams Oil Co.; Amos Ball, Standard Oil Co. (Indiana); Harry D. Frueauff, Cities Service Co., Cities Service Oil Co., Empire Oil & Refining Co.; Edward Karstedt, formerly of Continental Oil Co.; G. C. Morris, Pure Oil Co.; Alexander Fraser, Shell Petroleum Corp.; J. W. Carnes, Sinclair Refining Co.; Robert W. McDowell, Mid-Continent Petroleum Corp.; Frank Phillips, Phillips Petroleum Co.; W. G. Skelly, Skelly Oil Co., Ohio...