Word: soviets
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Dates: during 1920-1929
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Continued he: "While in all oil fields in the world the production since 1917 has considerably increased, the Soviet have barely attained the Russian pre-War production, and this only thanks to the new Grozny field, which was discovered by the old owners shortly before the War, and which, therefore, only began to yield considerable quantities...
Next day Saul G. Bron, Chairman of the Amtorg Trading Corp., a Bolshevik concern trading in the U. S., declared: "Sir Henri Deterding regards the approaching tenth anniversary of the inauguration of the Soviet Government in Russia as the proper time to make still another prediction that the Soviet Union is headed toward disaster. No one taking note of Deterding's propaganda can escape the conviction that this is really the most inappropriate moment to make such a prediction...
...Deterding says that the Soviet oil industry has barely attained the pre-War level. He does not add that the Soviet authorities took over Russian oil fields five or six years ago with equipment almost completely destroyed by forces with which Deterding is not entirely familiar. Soviet money was used to reconstruct the industry almost from the bottom up to its present level, and this reconstruction required about...
...Here are actual data of pre-War and present conditions of the Soviet oil industry: pre-War crude oil production was 9,230,000 metric tons, while production for the Soviet fiscal year ending Sept. 30, 1927, was more than 10,000,000 metric tons; pre-War annual consumption of kerosene in villages was 8 pounds per capita, and last year's consumption was 9.4 pounds per capita; pre-War wages of workers in the Baku fields were 35 rubles per month, while during the year just ended the wages averaged over 75 rubles monthly...
...Grozny oil fields are lower than before the War, while in the Baku fields these costs are about equal to those of 1913. The output of gasoline from crude oil has been increased from the pre-War figure of 0.4% to over 0.7%. Deterding also mentions the Soviet coal industry. It will be interesting to learn that coal production for the year just ended was 39% higher than the figure given by Deterding...