Word: petroleum
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Dates: during 1940-1949
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...exchange), put police patrols on the roads to hold motorists down to 40 m.p.h. The government also asked motorists to cut out-of-town jaunts to one a fortnight. Chile's fuel future looked bright. With great fanfare, scientists at the University of Concepcion cracked 150 liters of petroleum from the new Tierra del Fuego fields, pronounced the product excellent...
Soon Harriman and other department heads would try to set up similar schemes with the farm implements, petroleum equipment and construction materials industries. Harriman doubted whether the plans would turn out to be anything more than talky-talk. But industry, which knew that controls might be imposed if the voluntary ones fail, had a big stake in making the plans work...
...interests. Last year the Chamber campaigned for more highways, to be financed by a boost in the gasoline tax. Oilmen who are members of the Chamber not only opposed the idea, they spent thousands to fight it. Chamber President Clarence Beesemyer is an oilman himself (vice president of General Petroleum Corp., a subsidiary of Socony-Vacuum Oil Co., Inc.). But he helped the Chamber fight the program through the state legislature...
...fast as it was finding it. Said Forrestal: if the nation went to war tomorrow, it would be 2,000,000 barrels a day short of its minimum needs (current crude production: 5.3 million barrels a day). Forrestal wanted the U.S. to create a vast new industry to make petroleum out of coal, natural gas and oil shale...
...fuel pilot plant at Baton Rouge, is placing its long-run major bet on gasoline from coal. This week, Standard and the Pittsburgh Consolidation Coal Co. broke ground at Library, Pa. for their pilot plant to gasify coal. The next step, a fairly simple one, will be to make petroleum from the gas. Said E. V. Murphree, president of the Standard Oil Development Co.: "Enough oil can be made from the nation's known coal reserves, alone, to last the U.S. for 1,000 years...