Word: aramco
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...even in those cases--until Thursday --The Crimson would have allowed a de Beers Mining Company or an Aramco to take out a political advertisement, explaining its views without promoting its goods. Yet now, there is a new attitude--one which attacks an advertiser's philosophy rather than his actions, one which relies more on the vague notiom of "of- fensiveness" of the advertiser's thinking than on traditional criteria of the injustice of his or her deeds. It is the type of thinking that could easily be translated into a means of censoring unpopular beliefs, without having to face...
...with geopolitics than with campus politics. As announced by U.S.C. President John Hubbard, responsibility for the financial support of the center was to be vested in a three-man committee comprising a Los Angeles-area businessman, a U.S.C. dean and U.S.C. Professor Willard Beling, a former employee of Aramco (Arabian American Oil Co.) and holder of the Saudi-endowed King Faisal Chair of Islamic and Arab Studies. Beling would also become the center's director, and many of the faculty were fretting over his not being subject to the university's normal committee checks and balances in making...
...around for crude, rather than being tied to the countries where they have wangled concessions. But they still get to sell the oil from those former concessions, and without having to put any money into new wells and pipelines. Case in point: Saudi Arabia, which has bought 60% of Aramco from the firms that created it 45 years ago, Exxon, Mobil, Texaco and SoCal. But the main result, as SoCal Chairman Harold J. Haynes describes it, is that "capital investment will be supplied by the Saudis. We are relieved of that responsibility...
That kind of friendship in international politics is not easy to come by. It extends at least back to 1938, when Americans brought in Saudi Arabia's first oil well. Four American oil companies later formed the Arabian-American Oil Company (Aramco), which eventually developed Saudi Arabia into the world's pre-eminent petroleum power. Through negotiations with the parent companies, the Saudi government has gradually acquired 60% of Aramco and will eventually purchase the remainder, but it still has more than 2,600 American employees. Of the $142 billion that Saudi Arabia will spend during its current five-year...
...squeeze is particularly severe for American construction and engineering firms in the Middle East, where living costs are exorbitant. Some are replacing American managers and construction workers with recruits from Europe, Canada and Japan. Explains an Aramco official in Saudi Arabia: "Under the new law you can get two Britons for what one American would cost." Businessmen worry that U.S. exports will suffer because non-American supervisors will tend to order equipment from their own countries, where they know what is available, instead of from...