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...long stretch of low oil prices during the 1980s has discouraged U.S. exploration and consumption. Only 740 drilling rigs were operating in the U.S. / last week, down from 943 a year ago and a far cry from the 4,500 functioning rigs in late 1981. Exxon's spending on domestic drilling dropped nearly two- thirds from 1985 to 1987, to $333 million. Oil experts estimate that prices will have to stabilize at no less than $25 a bbl. to encourage a drilling resurgence in the U.S. Many American oil companies have boosted their exploration overseas, where finding oil typically costs...

Author: /time Magazine | Title: Step on The Gas, Pay the Price | 4/3/1989 | See Source »

...groups, as for individuals, taking a new name is a quintessential American act, a supreme gesture of self-creation in the land where Norma Jean Baker became Marilyn Monroe, homosexuals became gays, and Esso became Exxon. But for many blacks, the choice of a word by which others will know them has a special significance. During their centuries of bondage, slaves had names that were often chosen by their masters. Booker T. Washington wrote in his autobiography Up from Slavery that there was one point on which former slaves were generally agreed: "that they must change their names." This process...

Author: /time Magazine | Title: In Search of a Good Name | 3/6/1989 | See Source »

...college courses, the most prestigious positions in the educational system, but most enter at the elementary or high school level. For some, the long hours, the strains of work and the drop in pay and prestige can be sobering. "If you tell somebody you are a chemical engineer for Exxon, that's great," says Nancy Pfeil, 29, who left such a job in 1985 to teach high school calculus. "But if you say you are a high school teacher, they just...

Author: /time Magazine | Title: Education: The Lure of the Classroom | 2/13/1989 | See Source »

They own Los Angeles' Arco Plaza. In New York City they have scooped up the Exxon Building, the Algonquin Hotel and the vaultlike home of Tiffany & Co. They are beating the U.S. at everything from VCRs to semiconductors. And now they are trying to buy U.S. colleges...

Author: /time Magazine | Title: Education: Japan's Search for U.S. Colleges | 1/23/1989 | See Source »

...bring an end to corporate power. He notes in speeches to migrant workers, laid off laborers, and unemployed youths, that the major corporations of this country pay less in taxes than do the average American. Taxes will be raised under a Jackson presidency. Those who will be paying are Exxon and General Motors, IBM and Bechtel...

Author: By Michael D. Stankiewicz., | Title: Jesse Jackson | 3/7/1988 | See Source »

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