Oil industry expansion showcases free enterprise system
In September a major oil company completed a multi million dollar expansion at a Portland Oregon terminal serving Oregon Washington and Idaho. The facility handles refined gasolines lubricants road oils and 21 grades of asphalts while drawing product via ocean tankers. The sector relies on vast transport and a 100 million dollar annual research drive illustrating the industry’s scale and reach.
MENTIONED IN THIS ARTICLE
Portland
Oregon
Washington
Idaho
Grass roots flood control in Oklahoma praised as solution
An editorial by Elmer T. Peterson in the Saturday Evening Post argues big multi purpose dams are unnecessary. Oklahoma’s approach uses soil conservation, grass, contour farming, terracing and small detention dams to trap and absorb floodwater, proving effective during 15 inch rainfalls and reducing flood damage without large scale reservoirs or power generation.
MENTIONED IN THIS ARTICLE
Oklahoma
Saturday Evening Post
Elmer T. Peterson
Mr. Peterson
Arabian American Oil Company’s Saudi venture praised
A Wall Street Journal dispatch lauds the Arabian American Oil Company for boosting Saudi production from 21,000 to 820,000 barrels daily since 1944. The piece credits American capital and engineering for developing what may become the world’s largest oil field, while noting free enterprise benefits for Saudi Arabia and ongoing U.S. oil exploration and reserves growth.
MENTIONED IN THIS ARTICLE
The
Wall Street Journal
Saudi
Arabia
Arabian American Oil Company
Saudi Arabia
Saudi Arabian
Creating Capitalists Through Stock Bonuses in Industry
A company swapped cash Christmas bonuses for stock gifts to workers and found most recipients viewed the plan positively. Benefits cited include solid returns, improved credit ratings, and a sense of ownership, with many planning to hold shares. The article argues widespread stock ownership counters communist and left wing propaganda by showing broad distribution of profits among ordinary workers.
MENTIONED IN THIS ARTICLE
Reds
The
Pinks
No Bargain as BPA Power Costs Revealed
A Pacific Northwest comparison shows Bonneville Power Administration wholesale rates at 1.41 cents for residential and 1.20 cents for all service, versus private utilities at 1.42 and 1.24 cents. Factoring taxes, BPA’s residential cost falls to about 1.27 cents per kWh, highlighting tax impacts on power pricing.
MENTIONED IN THIS ARTICLE
Pacific Northwest
Bonneville Power Administration
EPA
Taxpayer loses as socialized power appears cheap
The text argues that socialized power seems inexpensive only because it avoids most taxes that private utilities pay. Once tax factors are considered, the supposed cheapness vanishes, revealing an expensive power system and a loss for taxpayers. The private utility shows higher residential and overall costs in some comparisons.
Calling the Tune on Prices and Consumer Demand
The Commerce Department notes retailers cut inventories in late months due to softening consumer demand. Retailers trim stock to fit the wind, aiming to please buyers who care most about price. In inflationary times the shopper remains the boss, with stores keeping prices as low as possible to entice purchases.
MENTIONED IN THIS ARTICLE
Commerce Department
Pack of Lies About Federal Budget Sparks Debate
President Truman defends his budget saying only minor cuts possible without harming the nation. He calls waste claims a pack of lies while Senators Byrd and Douglas push counterpoints and the Hoover Commission notes waste. The piece argues centralized government risks state wards and national strength.
MENTIONED IN THIS ARTICLE
Truman
Byrd
Douglas
Hoover Commission
Push-Button Farming Is Here in Collier's Feature
Arthur Bartlett details how electric power transforms farming with electrically driven machines that dry rice size lemons feed chickens and sort eggs. The shift promises higher output lower costs and less labor as power lines reach 95 percent of American farms and private enterprise leads electrification while the defense drive strains labor.
MENTIONED IN THIS ARTICLE
Arthur Bartlett
Collier’s
Bartlett
Mr. Bartlett
America
Also Mentioned on This Page
Melvin & Johnson, Incorporated
Benjamin F. Johnson
Mary Melvin
Market Street
Denton
Maryland
Caroline County
Duick
Marian Kemp
Cee Santa
Total Rok
Cocktsil
Hormel
U.S
Seabrook Fordhook
U. S
Virginia Lee
Lee
Carnation Milk
Philco
Denton National Bank
Federal Reserve
Syston
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