GERMANY: Stinnes' Oil

It was inevitable that Hugo Stinnes should enter the oil game.

Herr Stinnes recently completed an oil trust, developed in the last year, based on concessions in Mexico and Argentina, wells in Mesopotamia and the Balkans, and on the Deutschen Redoil, which derives oil from brown coal by means of a German process.

This organization was quietly accomplished through banks controlled by the coal baron, five more of which he has recently "penetrated." The first fight in Stinnes' oil war will be waged on the neutral soil of Denmark. He has spent several days...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!