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...that argument convinced Exxon, for example, to pledge $1 million, which it has specified for use in developing the public policy program at the Kennedy School of Government. The line may also have won over some of the committee members themselves. Amory Houghton Jr. '50--who has a controlling interest in Corning Glassware, Dow Corning, Owen-Corning Fiberglas and Pittsburgh-Corning Corp.--arranged for those four companies to donate $750,000 which, along with the Houghton family's own check, will endow a $1-million Amory Houghton Sr. Professor of Chemistry. And Time, Inc. will donate half-a-million...

Author: By Nancy F. Bauer, | Title: Brother, Can You Spare a Dime... ...I Only Need $250 Million | 9/15/1980 | See Source »

...principal foreign supplier of crude, is once again showing its clout in world oil. That country last week paid an estimated $2 billion to buy the remaining 40% of Aramco, which produces the bulk of Saudi oil, from a consortium of four American oil producers, Exxon, Mobil, Texaco and Standard Oil of California. Americans will continue working for Aramco, but only in technical and managerial roles. The kingdom's Oil Minister, Sheik Ahmed Zaki Yamani, is also reported to have told British Foreign Secretary Lord Carrington that Saudi Arabia would soon reduce oil production. Although Yamani did not specify...

Author: /time Magazine | Title: Business: Booming Times for Driilers | 9/15/1980 | See Source »

...areas of wildcat exploration, rigs are in many cases going deeper and becoming more expensive. Probing for gas deposits, which are usually found beneath oil strata, is particularly costly. Exxon this year spent about $42 million drilling a gas well in Mississippi that was 23,154 ft. deep. The results from wildcat wells, though, no longer match those enjoyed in the halcyon days of great American oil discoveries. The output of oil, or an equivalent amount of gas, discovered in new wildcats has declined from more than 350 bbl. per ft. of drilling in the late 1940s to less than...

Author: /time Magazine | Title: Business: Booming Times for Driilers | 9/15/1980 | See Source »

...that argument convinced Exxon, for example, to pledge $1 million, which it has specified for use in developing the public policy program at the Kennedy School of Government. The line may also have won over some of the committee members themselves. Amory Houghton Jr. '50--who has a controlling interest in Corning Glassware, Dow Corning, Owen-Corning Fiberglas and Pittsburgh-Corning Corp.--arranged for those four companies to donate $750,000 which, along with the Houghton family's own check, will endow a $1-million Amory Houghton Sr. Professor of Chemistry. And Time, Inc. will donate half-a-million...

Author: By Nancy F. Bauer, | Title: Brother, Can You Spare a Dime... ...I Only Need $250 Million | 9/10/1980 | See Source »

...that argument convinced Exxon, for example, to pledge $1 million, which it has specified for use in developing the public policy program at the Kennedy School of Government. The line may also have won over some of the committee members themselves. Amory Houghton Jr. '50--who has a controlling interest in Corning Glassware, Dow Corning, Owen-Corning Fiberglas and Pittsburgh-Corning Corp.--arranged for those four companies to donate $750,000 which, along with the Houghton family's own check, will endow a $1-million Amory Houghton Sr. Professor of Chemistry. And Time, Inc. will donate half-a-million...

Author: By Nancy F. Bauer, | Title: Brother, Can You Spare a Dime... ...I Only Need $250 Million | 9/8/1980 | See Source »

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