Word: exxon
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...view from Staff Writer Chris Byron's office window is truly inspiring-if, that is, he happens to be writing about his favorite subject, energy. Byron has an unobstructed vista of the Manhattan headquarters of Exxon Corp., one of the world's richest industrial enterprises and perennial Most Valuable Player in the high-stakes game of international oil, the subject of this week's cover story. With help from Reporter-Researchers Lydia Chavez and Charles Alexander, Byron dissects the maddeningly complex, increasingly contentious process by which oil is discovered, delivered, refined, priced, taxed and, in too many...
...York Correspondent John Tompkins, who reported extensively for a TIME cover story on Exxon in 1974, interviewed Exxon executives and other oil gamesters for this week's story, and found the situation markedly changed. "I didn't realize five years ago that I was seeing the end of an era," he says. "Oilmen then were still somewhat fat and happy, confident that they'd surmount the energy crisis." This time, Tompkins saw the oil chiefs as "sadder, thinner and less optimistic...
...Bureau of Indian Affairs, it's business as usual. With the blessings of the bureau, 100 per cent of all federal and Indian uranium production (total government-controlled uranium) came from Indian lands in 1974. In January 1977, the Secretary of the Interior granted a uranium lease to Exxon for 625 square miles of the reservation. According to the Institute for the Development of Indian Law, the lease was finalized only after the Department of the Interior had waived 13 regulations on leasing procedure. One of the regulations would have limited lease size to 2,560 acres, while another would...
...theoretical average 100 watts of the sun's energy that falls on a square foot of earth; now they can convert 16%. To intensify the sun's rays, the Los Angeles project would use parabolic and elliptical cells instead of flat ones. Arco Solar and other companies including Exxon, Mobil and Shell are working in intense rivalry and secrecy on such matters as improving storage batteries, finding better materials to substitute for silicon and even mass-producing flat "ribbons" of silicon to replace the present chunky and uneconomical crystals...
...last three weeks the Corporation has voted in favor of shareholder resolutions calling on the Timken Company to withdraw from South Africa, urging Phillips Petroleum to implement the Sullivan Principles and requesting that Exxon not expand into uranium mining in South Africa--all on the recommendation of the ACSR...