Word: petroleum
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Dates: during 1940-1949
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...find out what man may do with it and himself in the heat and rain. Here & there they will come upon other pith-helmeted, mosquito-booted men laden with atabrine, DDT bombs, boxed instruments, and closely guarded notes. These are the geologists of the major oil companies looking for petroleum lands. Ever since Peru's Ganso Azul (Blue Goose) field proved that the Amazon had oil (TIME, April 22, 1946), surveys have gone discreetly ahead. What the oil geologists have found they...
...Holland's largest corporations is the Royal Dutch Petroleum Co., a $440,000,000 concern. An estimated one-fifth of its stock, or $45,000,000 worth, is held by U.S. investors, who, like the Dutch stockholders, have first option to buy any new shares issued. Last week the company announced a whopping new $114,000,000 stock issue. But the Dutch government, by means of new currency controls, virtually froze U.S. investors...
Temperate Life. All this was good news for the oil companies. Petroleum is believed to come from the dead bodies of minute animals sinking to the bottom of shallow seas. If the same marine fauna flourished in both the U.S. and South America, there should be good oil prospects in the Amazon Basin as well as in Texas...
...increase was set off by Phillips Petroleum Co. Short of crude, it offered producers 20? a barrel above the current price. Within a few days, scores of other U.S. refineries had been forced to follow Phillips' lead or lose out on their oil. But no oilman thought that the increased price would mean more oil. Four months ago, Big Jersey's President Eugene Holman had talked down a price rise as a production incentive. By holding the line then, Jersey had temporarily forced the entire industry to hold the price line (TIME, June...
...heads of eight carabaos and eight goats among the wells, lifted their cupped hands toward heaven and intoned the solemn Alam Kabeh-"Greeting to Allah from all the world." The echo will soon be heard on the mainland when Palembang's oil begins to flow through the petroleum-starved East...