Word: petroleum
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Dates: during 1940-1949
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...payoff would come in expanding German exports of china and ceramics, of optical goods, leather goods, pharmaceuticals, and, of course, coal. To make some of these exports possible, the Joint German Economics Committee would have to import petroleum products, crude rubber, lead, hides, wool and cotton...
Geologists have squabbled for a century about the origin of petroleum. Last week M.I.T.'s Technology Review discussed a novel theory...
Most experts agree that petroleum was formed from organic remains which accumulated on the sea floor. The mystery: How was it done? Almost all organic substances contain oxygen, while petroleum is largely hydrocarbons, compounds of carbon and hydrogen only. Chemists have been unable to decide how the oxygen was eliminated. Some thought that deep-down bacteria did it (TIME, Dec. 17, 1945), but others politely said...
...typical organic compounds (such as fatty acids) to the beam of a cyclotron. Sure enough, they got a small yield of hydrocarbon. The next step will be to extract organic substances from the earth of a potential oil pool, and see if a cyclotron beam can turn it into petroleum...
...badly battered hat. But what Boss Littlejohn told the committee flabbergasted everyone. Said he: all bids for the Inches were off because "I do not feel that any of them guarantees to the Government what I consider a fair price . . . $113,700,000." Moreover, said he, the Army-Navy Petroleum Board had previously wanted the pipelines used for oil only. Now it would permit either...