Word: petroleum
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Dates: during 1950-1959
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...Socony-Vacuum Oil Company has established a new fellowship at the University for a graduate student in the field of petroleum exploration sciences...
Next day, sweetness & light went by the board when Harry Truman issued an executive order setting aside all U.S. offshore oil deposits as a petroleum reserve for the Navy. The order was Harry Truman's last blow in a long-standing fight. He had twice vetoed bills in which Congress proposed to give offshore oil deposits to the states off whose coasts they lie. Last week's order meant that, to carry out their intention of giving ownership of offshore reserves to the states, Ike and the Republican-dominated 83rd Congress would have to accept the political odium...
...artificially low as to create shortages. DiSalle's decision last year on the price of fuel oil for homes on the Eastern seaboard is a case in point. The Gulf Company's refusal to sell at a loss produced a dearth of oil which was alleviated only when the Petroleum Administration for Defense (which is independent of the OPS) persuaded eleven large companies to enter a voluntary agreement to sell oil below cost. The fiction of control on the one hand and its arbitrariness on the other are not much of a recommendation for the program's continuation...
...solid, respectable U.S. community. The county seat of a prosperous, diversified farming area on the eastern edge of the wheat belt, it had never known depression. In the 1930's, it discovered oil, avoided a raucous boom, and managed to build a conservative prosperity around the big Bay Petroleum and National Co-op refineries. On the cultural side, McPherson could count two small colleges: the Methodists' Central College and the Church of the Brethren's McPherson College...
...wins far oftener than he loses. He wins because he hunts oil in the ground with the same passion and dedication that inspired Captain Ahab, an oil hunter of another day, in his pursuit of Moby Dick. By so dedicating himself, Alfred Jacobsen has made his Amerada Petroleum Corp. the most famed independent oil hunter in the oil industry. Amerada, at 185, is the seventh highest priced common stock on the New York Stock Exchange. Of all the 1,526 listed stocks, Amerada is the No. 1 favorite of the investment trusts...