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...Chevron into seventh place among the major refiners. Some of Arco's gains have come at the expense of independent dealers who depend on the majors for their gasoline. An owner of independent gas stations in Massachusetts claims that price competition from Arco and British Petroleum (brand name: BP) has forced him to sell gas below cost. Even at that, he says, his retail price of $1.07 per gal. is still 4? above the price charged by nearby Arco stations. He moans: "We're losing $100,000 a month, and the worst thing is that...
...comes flying off the fence straight at the head of a New Hampshire trooper--he is knocked unconscious. The authorities, with the press repeating the allegation dutifully, blame the demonstrators for hurling missiles at the police. Demonstrators fall too, giving the Clamshell medics a chance to show their stuff. "BP 160 over 90, pulse rapid," one doctor, his white coat emblazoned with a Magic Marker red cross, intones until his patient decides to get up and walk away...
...past few months Sohio has been selling gasoline at its 2,500 stations, including Boron and BP outlets in twelve states, for about 100 per gal. less than the going rate at competing stations. Sohio, the nation's 13th largest oil company, was able to keep its price down because it was one of the companies involved in the discovery of Alaska's North
...spot market will probably get a further upward nudge from a separate Nigerian action, the abrupt nationalization last week of British Petroleum's exploration, marketing and production operations. The Lagos government declared that it was punishing BP for supplying oil to South Africa in violation of a Nigerian boycott, a charge that the company denies. The takeover deprives BP of an estimated 300,000 bbl. per day, but the Nigerian government is offering to sell the crude to any taker on the spot market, presumably including BP...
Officials of the oil companies had worked out just such a solution. The French oil group TOTAL would supply Rhodesia through Mozambique, while BP and Shell would service TOTAL'S customers in South Africa. Lord Thomson Insists that he gave a "full account" of these arrangements in writing to Prime Minister Harold Wilson. The former P.M. now acknowledges a report from Thomson, but "not in the terms which have been suggested." Concludes the Bingham Report ambiguously: "The details of the TOTAL agreement were communicated to Her Majesty's government...