Word: petroleum
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Dates: during 1930-1939
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...week) totaled $287,063,000, off $30,000,000 from October. Principal increase: aircraft, from $3,025,000 in October to $6,760,000. Other rises: meats and lard, iron & steel mill products, electrical machinery, automobiles, parts and accessories. Principal casualties: vegetables, food products, beverages, tobacco, textile fibres & manufactures, petroleum and petroleum products, chemicals. Striking was the fact that the war-waging United Kingdom, normally the best customer U. S. has, took delivery of only $31,026,000 of goods-$21,000,000 less than in October, $7,000,000 less than her average for the eight pre-war months...
Year and a half ago two veteran Oklahoma oil men put a fancy new, aluminum-colored portable rotary drilling rig on display at the International Petroleum Exposition in Tulsa, Okla. It attracted little attention. Then the rig's attendants began to drill. At 540 feet they struck oil. Surprised, they capped the hole, turned the oil well over to Tulsa County...
Since the nomination was such a pushover, U. S. interest centred on the proposed platform. The convention drafted a plan to nationalize the oil industry completely within the next six years. If the plan is endorsed, all petroleum holdings will be seized, and compensation paid only "in the event that it should be absolutely indispensable," and only if it is proved that the original concession was not fraudulently obtained. Land expropriation will also be continued as vigorously as possible...
...Pennsylvania grade petroleum region not only provides the world with more motor oil than ever before but a committee of geologists and petroleum engineers has reported to the Cole congressional committee that the future available supply is many times greater than the total yield since the Drake discovery 80 years...
...have intercepted 400 tons of molybdenum concentrates and 30,000 tons of manganese, two essentials of cannon steel. Most seizures were made at control ports in the British Isles. Less than a dozen ships had been searched at Gibraltar and Haifa, with only minor seizures (3,000 tons of petroleum, 6,000 of manganese ore, 7,650 of bauxite, 9,000 of iron ore, 500 of frozen beef, etc., etc.). Upon ships bound for Italian ports, especially Trieste, with cargoes suspected of ultimate German destination, the ministry was not yet cracking down...