Word: coal
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Dates: during 1980-1989
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Within 24 hours Bailey was on the phone to Jefferson. "Now you can help," said Bailey. The merger talks moved swiftly, in part because Bailey, 57, the burly son of an Indiana coal miner, and Jefferson, 59, a London-born intellectual with a Ph.D. in chemistry, knew each other well. They had worked together on joint gas-exploration ventures that Du Pont and Conoco had begun three years ago in Texas. Jefferson flew to Stamford four times in the next eight days. All along, he assured Bailey that Conoco's management would not be changed...
...private supply of crude. Last year Conoco produced 374,461 bbl. of oil per day worldwide, of which 36% came from U.S. wells. Moreover, Jefferson contends that Du Pont scientists will be able to help Conoco develop new techniques for boosting the yield from oil wells and converting coal into synthetic fuel. Conoco is the second largest U.S. producer of coal...
Mitchell Samples came out of Strange Creek, W. Va. The son of a coal miner, he is not the sort of man to question an order to report to his draft board...
...Bermuda-based Mineral and Resources Corp. (assets: $2.4 billion), which is already a leading foreign investor in the U.S. through its 27% ownership of the giant Engelhard Minerals & Chemicals Corp. in New York. Last month Mineral and Resources Corp. expanded further in the U.S. with the takeover of Sovereign Coal Corp. in Bluefield, W. Va., Harman Mining in Harman, Va., and Terra Chemicals International, Sioux City, Iowa. If that sort of investment continues, Americans may come to know Harry Oppenheimer as well as South Africans...
...another 6-3 ruling, the Justices found that Montana's 30% tax on coal, the highest such levy in the nation, was not an unacceptable burden on interstate commerce, even though most of it is shipped out of the state, and therefore was valid. After the decision, residents of energy-poor regions said they would urge Congress to establish a ceiling for such taxes...