Word: gulf
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Dates: during 1970-1979
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...Exxon, Gulf, Mobil, Royal Dutch/Shell, Texaco, British Petroleum, Standard Oil of California...
...their large, poverty-blighted populations. From an initial surplus of $60 billion in 1974, which the cartel simply could not spend fast enough, OPEC'S ledgers have returned to close to balance for nearly all members. But there are major exceptions. Saudi Arabia, Kuwait and the smaller Persian Gulf sheikdoms still have large surpluses...
...cartel's wealth has been squandered on well-intentioned but poorly planned and executed development schemes: atomic power plants for Iran, whose bountiful natural resources can meet that nation's energy needs for a century or more; steel mills and petrochemical plants at remote desert sites throughout the Gulf, where transportation costs alone render the products uncompetitive...
...engineers and chemists like Garvin, who have risen through the company's legendary "Texas pipeline"?from Exxon's sprawling refinery complexes of the Gulf Coast to senior management positions?the Oil Game is no longer very much fun. Hounded by the White House, harassed by consumer and environmental groups, harangued even by OPEC for profiteering, the company has become a target of opportunity for practically every cranky, disaffected group...
...Multinationals excluding government-owned oil companies operating in only one country. 1978 sales** Exxon $60,334,527,000 Royal Dutch/Shell $44,054,400,000 Mobil $34,736,045,000 Texaco $28,607,521,000 British Petroleum $27,390,915,000 Standard Oil of Calif. $23,232.413,000 Gulf Oil $18,069,000,000 Standard Oil (Indiana) $14,961,489,000 ENI (Italy) $12,500,000,000 Atlantic Richfield $12,298,403,000 Française des Pétroles $10,875,1 17,000 Continental Oil $9,455,241,000 Petrobrás (Brazil) $9,131,101,000 Elf -Aquitaine (France...