Oil Controversy: Oil Controversy

Last week in London Sir Henri Wilhelm August Deterding, director-general of the Royal Dutch-Shell group of oil companies, gave evidence of a world-spread conflict for oil sources and oil markets. The

Vacuum Oil Co. and the Standard Oil Company of New York had made contracts to buy Russian oil which Sir Henri's company had wished to monopolize (TIME, July 25). Sir Henry expostulated.

Standard Oil of New Jersey. President Walter Clark Teagle of Standard of N. J. was first to protest when Vacuum Oil's and Standard of...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

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