Word: barrell
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Some 800,000 acres of shale oil land in western Colorado, owned by all the U. S. people and said by the U. S. Geological Survey to contain 40 billion barrels of petroleum (value: $1 per barrel, minimum), loomed more and more clearly in the public prints last week as an interesting national possession, also as the focus of an alleged national scandal. Ralph S. Kelley, the Interior Department's field chief at Denver, last fortnight resigned his post, loudly protesting that Secretary of the Interior Ray Lyman Wilbur was not taking proper care of all the people's great...
Worthless? Because no cheap method has yet been devised for extracting oil from the tough dark shale of Colorado, geologists estimate the production cost of such oil at $3 per barrel, as compared with current petroleum prices of $1 per barrel. Oil companies with foresight, however, have bought up Colorado shale land from original prospectors on the theory that eventually a cheap extraction process will be found. Denver records show the following holdings: Standard Oil of New Jersey, 20,000 acres; Union of California, 18,000; Continental, 10,000; Texas, 10,000; Prairie, 7,000; Deep Rock, 4,000; Pure...
...political mastery was to have Patrick Brett O'Sullivan, onetime Congressman, named chairman of the State Committee and Joseph H. Tone, secretary. Promising the Republicans "a whale of a fight," he hurried back to his Yale Review office at New Haven, prepared for an old-fashioned "cracker barrel" campaign...
...with the mill prices to retailers over the state all of the time. When wheat on Aug. 3, 1929, was $1.44 per bushel, Chicago option, Omaha cash was $1.34 to $1.40 per bushel. The mill quotations on standard flour, Omaha in car lots, for that date was $6.50 per barrel. Bran, $27.50 per ton and shorts $33.50 per ton. Last Friday, Aug. 8, 1930, the Chicago option was 96 ½? per bushel. The mill quotations were on standard grade flour, $4.70 per barrel. Kran $24 per ton semi shorts, $27 per ton. On Aug. 2, 1930, Chicago option...
...events were the tricks of the Navy's High Hat and Red Ripper squadrons from the Lexington; the Army's crack First Pursuit Squadron from Self ridge Field; and the Quantico Marines. Most novel stunt: three Navy Boeings, wing to wing, flopping over as one plane in a "formation barrel-roll...