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...most dramatic sign that shale had finally arrived came from Exxon (now ExxonMobil), the world's largest oil company. In May 1980 Exxon bought control of the Colony Oil Shale Project, a promising pilot venture near Parachute. Exxon paid $300 million up front and said it would invest at least $2 billion. The plant was supposed to produce 47,000 bbl. a day by 1985. And that was only the beginning. An internal corporate report predicted that by the mid-1990s Exxon would be producing 2 million bbl. a day from shale--enough to slice U.S. imports 20%. To accommodate...

Author: /time Magazine | Title: Asleep at the Switch | 10/13/2003 | See Source »

...getting something for your money. You're getting growth. It's going to go to 4% and 5% in the next couple of quarters. The problem is, it's not translating into the job growth you typically see. If you're a business, you take the tax incentive to invest in productivity-enhancing equipment, and you take the opportunity to move some labor costs abroad...

Author: /time Magazine | Title: Is Our Deficit Too Big? | 10/13/2003 | See Source »

According to the district attorney’s office and media reports, in 1998, Kozeny persuaded 15 clients managed by Omega to invest money in the prospective privatization of Azerbaijan’s state-owned oil company...

Author: By Tina Wang, CONTRIBUTING WRITER | Title: ‘Pirate of Prague’ Alum Indicted | 10/8/2003 | See Source »

...around $200 million in the early 1990s when the Czech government decided to sell shares in state-owned companies to the public. Under this plan, Czech citizens could purchase vouchers that could, in turn, be traded in for shares in these companies. Kozeny persuaded around 800,000 Czechs to invest their vouchers in his “Harvard” funds, by promising a 10-fold return on their investment...

Author: By Tina Wang, CONTRIBUTING WRITER | Title: ‘Pirate of Prague’ Alum Indicted | 10/8/2003 | See Source »

...going to get a really nice stereo system, and probably invest the rest,” said Perkins...

Author: By Risheng Xu, CONTRIBUTING WRITER | Title: ‘Jeopardy!’ Contestant Plays at Yale | 10/6/2003 | See Source »

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