Word: petroleum
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Dates: during 1950-1959
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...decided to review its ruling that the Federal Power Commission has the power to fix prices on interstate sales of natural gas (TIME, Dec. 14). The court had originally refused to review the decision of the U.S. Court of Appeals, but was asked to reconsider by the Phillips Petroleum Co. and the states of Texas, Oklahoma and New Mexico...
...refineries, which used to crack oil by laborious batch methods, now do it in one steady, automatic flow; a few skilled workers sit at a master-control panel, guide the crude oil through many intricate steps to high-octane gasoline, or any one of a dozen other major petroleum products...
...booming state of Paraná, the grand old (70) man of Brazilian politics told how he wanted to set up an Eletrobrás agency comparable to the Petrobrás recently established-under the hemisphere's most nationalistic oil law-to administer and develop Brazil's petroleum resources (TIME, Sept. 28). Warmed by the applause, Vargas struck out in strident tones at the U.S.-and Canadian-owned power companies: "I must say to you that up to a certain point I am being sabotaged in my plan by the contrary interests of private firms which have already...
...nature of U.S. business itself. While change is one of the nation's greatest strengths, it is also dangerous for those who do not change with the economy. In 1953 oil surpassed coal as the No. 1 source of U.S. power, but that does not mean that the petroleum industry can sit back complacently. Natural and manufactured gas are coming up even faster, in ten years have more than doubled their share of the energy supply (to 25%) against a rise of only a few percentage points for oil (1953 share...
Octane Reader. Central Scientific Co., Chicago, is demonstrating a new instrument that uses a radioactive isotope to give an octane rating of a fuel within five minutes, a procedure that formerly took four hours. The device can be used as a control instrument in petroleum refining. Price...