Word: petroleum
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Dates: during 1950-1959
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...were leveled at the Chinese Communists, the number of items embargoed for them outnumbered the list for the satellite countries. The Eastern Europe gimmick is to buy strategic materials in the West and freight them to the Chinese at top prices. Each day free world generators, machine tools, and petroleum equipment are raced across the Trans-Siberian railroad to the East, all via the profit making of the middle men in occupied Europe...
...world scene, the President recalled, war raged in Indo-China as well as in Korea. Iran, with 60% of the world's known petroleum reserves, lay in deadly danger. Suez and Trieste were constant threats to peace. Even in the Americas, Communists were ready to take over Guatemala. All these were problems handed over to the Republican Administration...
...head of the list was Standard Oil (N.J.), which was held in 506 portfolios. The others: General Electric (417 portfolios); E.I. du Pont (393); Union Carbide (391); American Telephone & Telegraph (387); General Motors (360); Gulf Oil (341); Westinghouse Electric (334); Texas Co. (319); Kennecott Copper (301); Phillips Petroleum (282); Socony-Vacuum (269); American Gas & Electric (269); Standard Oil of California (264); Sears, Roebuck...
...fashionable sport of skin diving has been taken up, rubber flippers, aqualungs and all, by serious geologists. Last week Magnolia Petroleum Co. told how its geological skin divers swim along the bottom of the Gulf of Mexico looking for information that will help find pools...
Competitive Change. Competition has meant great changes for whole industries as well as for individual companies. In 1909 the iron and steel industry held 30.8% of the assets of the 100 largest companies. By 1948 this was down to 12%, while the petroleum industry shot up from...