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When the University of Texas Longhorns meet the University of Miami Hurricanes in the Cotton Bowl on New Year's Day, the football teams will have to share billing with a third powerhouse: Mobil Corp. The oil company's name will be emblazoned on stadium signs and embedded in the AstroTurf at the 50-yd. line. In fact, the extravaganza has been officially rechristened the Mobil Cotton Bowl. Mobil earned title rights to the game for seven years by paying millions of dollars to the organizers, the Cotton Bowl Athletic Association...
...southeast of Houston that will retrieve oil from a world-record depth of 872 m (2,860 ft.). Called Auger, the giant is scheduled to begin producing from 32 wells in 1993. Shell has also drilled an exploratory well at a 2,300-m (7,500-ft.) depth, and Mobil and Chevron hold leases to search in 3,000 m (10,000 ft.) of water. As long as oil prices make the gamble worthwhile, today's explorers will apparently go to any depths to unleash the next great undersea gusher...
...least a year or two. But an early indication came last month, when Lawson made public her list of current PBS series that will be funded for next season. Most of the PBS fixtures, from the MacNeil/Lehrer NewsHour to Nova, will be back, as will independently financed series like Mobil's Masterpiece Theatre. But Lawson decided to end funding for the children's show Newton's Apple and the documentary series American Masters after one more season. (Both series are seeking alternative funding, in which case they could remain on the schedule...
...products to others at wholesale. Arco, for example, which controls a large stake in Alaska's North Slope, enjoyed third-quarter earnings of $462 million, up 22% from last year. Some companies were losers because they lack major reserves but operate large retail networks of gas stations. Mobil, which buys an unusually high proportion (60%) of its crude oil from other companies, suffered a profit slump of 29%, to $379 million for the quarter...
...follow your nose to Forest Glen, a trailer-park settlement built on heaps of foul- smelling hazardous waste that the Environmental Protection Agency says may contain as many as 150 toxic compounds. Under the streets of the densely populated semi-industrial section of Greenpoint, in Brooklyn, N.Y., the Mobil Corp. has begun recovering a sea of oil -- 17 million gals. -- that for decades has been leaking from underground storage tanks and pipelines...