Word: petroleum
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Dates: during 1950-1959
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...President at the palace. Early reports received there indicated that Cochabamba's central plaza, prefecture and air base had fallen to the rebels. Coolly Paz Estenssoro turned to explain his country's towering economic problems to his visitor. More dispatches came in: Minister of Mines and Petroleum Juan Lechin, in Cochabamba for a visit, had been captured by a rebel band...
...confused with Phillips Petroleum...
...industry profits bubbled higher, oil shares came to life on the stock exchange. Shell's net of $30 million was up 52% from 1952 (when one refinery was closed by a strike); Phillips Petroleum scored a 23% gain. And while the Texas Co.'s earnings were only 2% higher (at $47 million), directors considered the outlook so good that they declared an extra dividend of 40?. Railroad stocks picked up with the news that Baltimore & Ohio, with nine-month earnings up from $18 million to $21 million, was raising its dividend by 25? to $1 a share. Douglas...
...legislative act in 1891 to regulate railroad rates and transportation; soon it assumed other regulatory powers. But not much attention was paid to the state's oil reserves until 1930, when the huge East Texas oilfield blew in and upset the price structure of world petroleum...
...World War I, this practice spurred the building of $650 million in new facilities; in World War II,, another. $6 billion worth was constructed, "and since Korea, the whopping total of $27.8 billion for new defense facilities, with quick write-offs covering 61% ($16.8 billion) of the total cost. Petroleum refining is expanding by 10%, steel by 23%, iron ore by 50%, electric power by 56%, aluminum by 143%, magnesium by 512%, and titanium...