Word: petroleum
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Dates: during 1950-1959
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...smell. It was the acrid odor of distilling oil from the Anglo-Iranian Oil Co.'s Kent refinery, which went into operation last week. When it gets into full production late this year, the $112 million refinery will boost the company's output of gasoline and other petroleum products by 80,000 bbls. a day-1½ times as much as all of Britain's prewar capacity...
...British Petroleum." The man who bossed the pumps is Anglo-Iranian's chairman, Sir William Fraser, 64, a tough, aloof Scotsman. The son of an oilman, he started out in Scotland's hardscrabble oil-shale business. At 27, when his father died, he took over control of the family company, before long engineered a cooperative marketing deal of all the companies in the ailing industry. This feat so impressed Lord Greenway, head of the British government-controlled Anglo-Iranian (then called Anglo-Persian), that he invited Fraser, at 34, to join his board. Eight years later, as deputy...
...Abolished price ceilings on another broad range of consumer items, e.g., poultry & eggs, soaps, paint, window glass, which are now selling generally below ceilings; and a first batch of industrial commodities, e.g., crude rubber, scrap metals, iron ore, lead, zinc, tin, petroleum & gas products, some of which are pressing ceilings and may well advance in prices...
Along a bleak stretch of the southeastern shore of Alaska, the country is blanketed by parts of three glaciers. Heavy snows fall in winter; during the summer torrential rams pour down. In that spot last week, Phillips Petroleum Co. chose to go wildcatting for oil, the first major effort of a private company. Phillips' handsome chance-taking Chairman Kenneth Stanley ("Boots") Adams, 53, thinks it is a sporting proposition largely because signs of oil have been found there by seepages and in icebergs from the area. Under Adams Phillips has built a reputation in tne oil business...
...announcing the grant, Socony stated that the petroleum industry was started with the vision and knowledge of educated men, and a constant supply of well-educated scientists is essential for its continued prosperity...