Word: esso
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From the Japanese point of view, particularly, the alliance is important. Not only do the Japanese rely on an American defense umbrella, but, more importantly perhaps, they are dependent on Esso, Caltax, and other American firms, along with the Dutch-British Shell combine for most of their crude...
...fleeting fears. In the past two months, mysterious explosions have sunk three tankers off the coast of Africa. Last week four crewmen were killed when a Swedish tanker blew up in a Hamburg drydock. Loaded, the Europoort carries enough oil to pollute beaches from Holland to Spain, though Esso strictly bans any ocean discharges except in dire emergencies. Empty, the ship is as potentially explosive as nitroglycerin, with a rich mixture of oxygen and oil fumes in its massive tanks. To prevent inadvertent explosions, a Japanese company has designed an automatic system that forces inert, nonflammable gas into emptying tanks...
...Southeast Asia to date have been made by American companies: Atlantic Richfield (who pioneered the Aretic North Slope of Alaska), Cities Service, the Union Oil Company, and Natomas Oil Company of California. The Wall Street Journal of September 22, 1970 reported rumors that Standard Oil of New Jersey (ESSO) had discovered a huge reservoir of petroleum in its 28,000 square mile concession off the coast of Malaysia, directly adjacent to the South Vietnamese blocks. ESSO has made no public announcement to date, realizing that news of the find would greatly boost the price of South Vietnamese bidding. But ESSO...
...Farm production has increased 8% in each of the past four years, making Houphouet's bustling republic the world's third largest producer of coffee and Africa's largest exporter of timber. Industrial investment is rising by 20% a year. Firms of the caliber of Renault, Esso and Union Carbide are pouring into the country to take advantage of liberal tax holidays and virtually unlimited repatriation of profits. Per capita income is expected to reach $300 in 1971, which is steep for Africa...
...Shell, Esso, Chevron and Amoco make ambitious claims. Esso's Big Plus is touted as "the lowest-lead, highest-octane gasoline for the money," and Chevron boasts that its F-310 fuel will "reduce fuel consumption, improve performance and cut maintenance." Ethyl Corp., which pioneered the use of lead compound additives for autos in 1923 and saw its stock jump in the 1950s when Detroit moved to high-compression engines, contends that by taking the lead out of gasoline, oil companies will actually increase other forms of noxious automobile emissions...