President Walter C. Teagle of the Standard Oil Co. of New Jersey is an unusually able business executive and a deep student of the petroleum industry, as well. In a recent speech, he reiterated his belief as to the increasing importance of fuel oil to the whole petroleum business.
When petroleum was first discovered, its principal product was kerosene, which competed so successfully with the whale oil previously used in lamps as to destroy the whaling industry. With the advent of electric light, the oil business was in turn threatened. But the rise of...
To continue reading:
or
Log-In
