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American firms, including Gulf, Mobil, Texaco and Atlantic Richfield, have an enormous stake in Venezuelan oil. Creole Petroleum Corp., a subsidiary of Standard Oil of New Jersey, lifts almost half of the 3.7 million bbl. of oil pumped daily. The U.S. companies have nearly $2 billion tied up in wells, pipelines and refineries; it is the largest single American investment in South America...

Author: /time Magazine | Title: VENEZUELA: Squeezing the Oil Concessions | 9/6/1971 | See Source »

...Egyptian deal collapsed, Renault tried to get back into Israel and was rebuffed. Often Israel uses what Foreign Minister Abba Eban describes as "the economic power of 10 million Jews in the free world." The Israelis, for instance, leaked word last January that a London-based subsidiary of Mobil Oil had ordered ship chandlers not to supply its tankers with Israeli goods because Libya threatened to blacklist ships found with such supplies aboard. Though Mobil headquarters in New York later withdrew the directive, 1,457 Mobil credit cards were canceled by customers. Of that number, 611 were renewed after Mobil...

Author: /time Magazine | Title: The World: The Superfluous Boycott | 7/19/1971 | See Source »

...problem posed by Vertov in new language, exploiting a melange of sophisticated techniques-surfaces of incredible richness and variety (shot by Ralph Thanhauser), lighting of immaculate control-in order to demystify their manipulations and to dramatize their limitations in creating recreating livable meaning. From the very first image-a Mobil Oil sign, the ultimate plastic and reified object-documentary "reality" overlaps with a manipulated fiction, and uncertainty governs our reaction to the determination of every fact: an ambiguous dialectic threatens the conception of our own credibility as a fixed value. The filmmaker explains that his original project was a Mobil...

Author: By Jim Crawford, | Title: Film Available Light At Carpenter Center tonight and Saturday at 8:30 p. m. | 5/28/1971 | See Source »

...past four years, 22 large firms have moved their headquarters out of the city, and at least eleven more have made definite plans to depart (see box). Another two dozen are seriously considering whether or not to leave. Still other companies-including A.T. & T., Borden. Eastern Air Lines,Grolier, Mobil Oil and Uniroyal-have kept their home offices in Manhattan but have moved or soon will move a significant part of their staffs out of town. The figures, compiled by TIME with the aid of the Fantus Co., a leading adviser to companies considering relocation, show that the exodus from...

Author: /time Magazine | Title: Business: Why Companies Are Fleeing the Cities | 4/26/1971 | See Source »

...decide what color to paint his house. He stood there stooped, red-faced and wrinkled from a not very eventful life: a poor, fatherless adolescence; ten restless years as a chiropractor, a calling that he gave up because the hours were too long; 27 years as a technician for Mobil Oil, interrupted by frequent golf and fishing trips; the death, on his retirement, of his wife; and then a six-month Grand Tour, followed by his return to Santa Barbara, where he slowly learned to cook his own meals and live alone...

Author: /time Magazine | Title: ECCENTRICS: Scmford Darling Paints His House | 4/5/1971 | See Source »

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