Word: petroleum
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Dates: during 1950-1959
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High B.T.U. When engineers speak of fuel, they mean any material that yields energy as a result of chemical reaction. This definition excludes nuclear "fuels." e.g., U-235, but it includes thousands of lesser energy-yielders. Petroleum hydrocarbons (gasoline, kerosene, etc.) are the commonest aviation fuels only because they are plentiful, convenient and relatively cheap. Many other chemicals yield more energy. Hydrogen has the highest heat of combustion (52,000 B.T.U.* per lb.), but carbon is rather low (14.500 B.T.U. per lb.). Hydrocarbons, which contain both carbon and hydrogen, are therefore intermediate. Kerosene burned in jet engines yields only about...
...Jones, chairman of Cities Service Co.: "Any fair appraisal will show that these earnings have been reasonable and, in fact, have been lower than those of many other major industries, including iron and steel, motor vehicles and equipment, and chemicals. Fair and reasonable industry earnings are necessary if the petroleum industry is to meet its large capital requirements...
...Humble's parent company, Standard Oil Co. (N.J.). The first geologist to occupy Humble's presidency, strapping (6 ft. 2 in., 190 lbs.) Morgan Davis joined Humble in 1925 after graduating from the University of Texas, left to become resident geologist in Sumatra for a Dutch petroleum firm, returned to Humble in 1934 as district geologist for New Mexico, rose steadily to become executive vice president last year...
...possible to bring home the bacon in the Middle East last week, but when the Arab cat tasted the milk of Israeli withdrawal, the process at least got started. The Syrians let the Iraq Petroleum Go. start repairing the pipeline pumping stations which Syrian soldiers blew up during the Suez-Sinai invasion last November. In ten days, by laying temporary pipes around the blasted stations, the oil company plans to begin pumping oil at 44% capacity-enough to replace nearly all of the crude oil that Western Europe has had to buy from the U.S. since the Suez landings...
...Administration support for diverting Venezuelan crude. He also urged new pipeline capacity "in the interests of national security" from Texas to the East Coast, possibly Philadelphia, where natural gas now arrives from Texas in the war-built Little Inch pipeline. An application to convert Little Inch from gas to petroleum products is already before the Federal Power Commission from Houston Contractors George and Herman Brown, and is sure to get quick attention...