Word: mobiles
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
Against the recommendation of its advisory committee, the Harvard Corporation voted yesterday to abstain on a shareholder resolution that would force Mobil Oil Corporation's two South African subsidiaries to ensure that no Mobil products are supplied to Rhodesia...
...underwater exploration for oil or gas is still more of an art than a science. Only one-third of all wells dug in the gulf are now producing; Exxon, Mobil, Champlin and others have spent more than $1.5 billion exploring off Pensacola, Fla., without discovering anything except salt water. Worse, federal investigators suspect that gulf producers in recent years have been purposely holding back production in hopes that federal price controls will be removed and the gas will eventually sell for $2 or more per 1,000 cu. ft., rather than the present top interstate price...
...distinguished U.S. oil economist has challenged that assumption. In an impressively documented book titled The Control of Oil, just published by Pantheon Books, Dr. John M. Blair argues that the real culprits are the major international oil companies, known familiarly as the Seven Sisters (Exxon, Mobil, Standard Oil Co. of California, Texaco, Gulf, Royal Dutch Shell, and British Petroleum). In Blair's view, the companies actually aided and abetted the OPEC increase, while pleading helplessness to their price-gouged public. "A form of bilateral symbiotic oligopoly" is the author's complicated if caustic term to describe the relationship...
...wrote on Pertamina stationery to scores of U.S. companies, asking them to buy stock in the venture. He made no threats, but took care to say that the companies were selected because they did business with Pertamina. Eventually he collected $1.1 million from 54 individuals and companies, including Mobil Oil, Union Oil, Cities Service and Atlantic Richfield...
Uncertain Future. Also, the amount of "free" oil is small. The Saudis sell only about 6.25% of their daily output on the open market. The bulk of their production is committed to four U.S. companies: Exxon, Texaco, Mobil and Chevron. They stand to benefit most from the two-tier system, but how much of the savings they will pass on to the U.S. consumer is unclear...