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Thus last month did Sir Henri Deterding, swart, dynamic head of Royal Dutch-Shell, shrug off the possibility of a world oil parley in view of the low estate...

Author: /time Magazine | Title: Business & Finance: Sinclair to Deterding | 9/10/1934 | See Source »

Last week the managing director of the world's largest crude producer was bluntly answered by a U. S. oilman just back from Sir Henri's home territory. Rapped out Harry Ford Sinclair of Consolidated Oil: "What about Europe putting its own house in order? In one country I visited they were selling gas at ... less than it costs to produce. And if you want to know the country, it was Holland...

Author: /time Magazine | Title: Business & Finance: Sinclair to Deterding | 9/10/1934 | See Source »

...week's visit to Manhattan, Sir Henri had calmly announced that railroad electrification was already obsolete, that the Diesel engine was the locomotive of the future. On that score, too, Mr. Sinclair had a ready answer: "What's the difference whether you drink Scotch or bourbon"?a reference to the fact that U. S. railroads already burn some 2,000,000,000 gal. of fuel oil per year...

Author: /time Magazine | Title: Business & Finance: Sinclair to Deterding | 9/10/1934 | See Source »

...Henri had left the famed semicircular desk in St. Helen's Court, London, from which he rules the world's biggest producer of crude petroleum, to see with his own sharp eyes what the U. S. had done about oil. Said he darkly: "It is nothing short of amazing that you have regulatory laws to meet a situation and yet do nothing about it. As we are well aware some people do not like law and order but we must nevertheless have it. What a wicked waste it is to tap resources today that will be sorely needed and that...

Author: /time Magazine | Title: Business & Finance: Deterding on Oil | 8/27/1934 | See Source »

...Henri announced last week that the prime purpose of his visit was to confer with his old friend Walter C. Teagle of Standard Oil. "There is always," said he, "enough to talk about when oil men get together." But to a newshawk who asked him if a world oil conference was likely this year, he shot back: "What can be done until you put your house in order...

Author: /time Magazine | Title: Business & Finance: Deterding on Oil | 8/27/1934 | See Source »

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