Business & Finance: Resolute Oil

The American Petroleum Institute— mouthpiece and clearing house of the oil business, composed of 4,300 individuals from all the companies of importance— met last week in Chicago resolved to take Oil more firmly in hand. Secretary of Commerce Lamont was there to tell Oil that it must regard the public interest, must cease the "mad wastes" of the past. In the air was talk of setting up an Oil Dictator, to govern the petroleum business as baseball and cinema are governed. Mentioned (to his great delight) as...

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!