Word: mobility
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...hasn't done so yet. In January this year, Chevron said it had not found enough oil to make a well economically viable at the first of its two drill sites off São Tomé. Exxon Mobil, too, has said that it will not, for now, be pursuing exploration off the island, though it retains its drilling rights there. Praxeres, however, still dreams his dreams, and his little country continues to attract a stream of oil-fevered visitors from overseas: this year alone, officials have arrived from the U.S., the U.K., Germany and Japan. But even...
Praxeres and his compatriots will have to wait a while. Though Chevron and Exxon Mobil may have lost some of their earlier excitement over São Tomé, seismologists are convinced the oil is there - up to 11 billion barrels, according to Exxon Mobil's survey in 2000. But as yet, it's not clear how accessible those reserves might be. That gives São Tomé's people time to think and dream - but to do so with a caution that not all Africans have shown when the drillers come to town. In Club Tropicana, Salvaterra ponders...
...improving its refinery, pipeline and pumping capacity. The company predicts that its capital and exploration spending will average more than $20 billion a year for the next five years. That's not spare change, but adjusted for inflation, it's only about 60% of what Exxon and Mobil together spent in 1981. Tellingly, it's also a lot less than what ExxonMobil handed over to its shareholders last year--$29.6 billion in stock buybacks and $7.6 billion in dividends...
...From Mexico to China, more than 75% of the world's oil reserves are controlled by national oil companies today. Of the world's top 20 oil-producing firms, 14 are state-run. And even though Chavez has now stripped foreign oil companies like Exxon Mobil of any majority stakes they had in Venezuelan oil production projects - mandating that his state-run company, Petroleos de Venezuela (PDVSA), have at least 60% ownership from here on out - he's at least allowing those private multinationals to continue taking part in the drilling. Not so, for example, in Mexico or the world...
...walk from Hurlbut to the KSG tells only a small part of the story. Back then the Inn at Harvard was a Gulf gas station; the Holyoke Center was Dudley House for commuters; Hillel was squash courts. JFK Street was Boylston Street, with a Mobil station and Vespa dealer. A vast trolley yard stood where the KSG now stands, and Quincy was under construction. Radcliffe and Harvard shared only classes, and few extracurricular groups were co-ed. Two years after Brown v. Board of Education, we were almost entirely white, disproportionately preppies, and insensitive to both the discomfort...