Word: mobiles
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Dates: during 1970-1979
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...Arabian American Oil Co., the free world's largest crude producer. But they kept a tight curtain of secrecy around the five-day meeting at the plush Bay Point Yacht and Country Club, near Panama City, Fla. As most of the negotiators-including executives of Exxon, Mobil, Texaco and Standard of California, the four American partners in Aramco-made for their private jets at the conclusion of the meeting, they refused to discuss what price the Saudis would pay for the 40% of Aramco that they do not yet own. At week's end the only formal announcement...
...part look at gasoline prices broadcast last month on WNBC-TV, the network-owned station in New York City. The mini-series was aired in daily segments of about five minutes each on the early evening news broadcast. Several oil companies privately expressed displeasure at the coverage, and one, Mobil, went public with its complaints, purchasing nearly $36,000 worth of full-page advertisements in local newspapers to denounce the series as "a parade of warmed-over distortions, half-truths, and downright untruths...
...accused WNBC-TV Investigative Reporter Liz Trotta of 18 specific "hatchet jobs." Some of Mobil's contentions were minor. At one point, for instance, Trotta asked: "If there's a surplus of oil, then why hasn't the price of gasoline gone down?" Mobil's complaint was, in part, that the price has gone down in recent months by about 20 a gallon. But other Mobil points about inaccurate or loaded reporting were sharper. Among them...
...Reporter Trotta cited 1973 and 1974 reports that "tankers loaded with millions of gallons of oil were waiting offshore in New York Harbor" at the height of the oil shortage. But there was no mention, as Mobil felt there should have been, of later investigations that failed to support the parked-tankers stories...
...only difference between them and the hoodlums in the street is that [the oil companies] don't get caught." Then WNBC cut straight to an oil executive saying, "It is true, we're not willing to subsidize an economic loss at a marginal station." The juxtaposition, as Mobil saw it, was a "cheap distortion...