Word: crude
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...bourgeois democracy. The bedbugs of feudalism and servility moved inside wooden trunks from village huts into communal apartments. Many bosses behaved like "Red feudal lords," taking away not only the peasants' land but their passports too -- and that really smacked of serfdom. Stalin's forced collectivization was a crude mockery of the slogans "Land to the Peasants" and "All Power to the Soviets...
Long the world's leading exporter of crude, Saudi Arabia now wants more of the profits its oil generates -- from the ground to the gas tank. The Saudi government has agreed to pay $1.2 billion for a 50% interest in Texaco's refining and marketing operations in 23 U.S. states, mostly in the East. If the deal is approved by both governments and Texaco's shareholders, it would represent the largest Arab investment in the U.S. oil industry...
...traveled to New York City and Washington as Ashland's executive in charge of corporate lobbying. In 1983, however, the two men felt they had to blow the whistle on their employer: they told federal investigators that Ashland Oil had paid bribes to Middle Eastern government officials to obtain crude supplies. Before long, McKay and Williams were fired, and their comfortable lives began to come apart. Unable to find jobs in the industry, they filed suit in 1984 against Ashland, charging that they were unfairly dismissed merely for telling the truth...
...company's troubles began in 1979, when the U.S. Government embargoed oil from Iran. Since Ashland had depended on Iran for 25% of its crude supplies, the firm scrambled to find alternative sources. In so doing, the jury ruled, Ashland resorted to bribery: in 1980 and 1981, according to court records, the company paid $49 million to government officials in Oman and Saudi Arabia and a government representative in Abu Dhabi to obtain oil. Ashland attorneys had argued that the payments were legal and were made to private consultants...
...industry may be mired in a three-year slump, but Big Oil still thinks big. Convinced that crude prices will rise again and anticipating a major new pool of natural gas, Shell Oil last week launched "Bullwinkle," a lighthearted name for the tallest ever offshore oil-drilling and -production...