Word: mobilizations
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...financial pages until October, when he paid $18 million to raise his holdings in the First Chicago Corp., which owns the ninth largest U.S. bank, from 4.5% to 7.5%. Later, for the first time, he accepted an invitation to join a U.S. board of directors. That was at Mobil, the nation's No. 2 oil company; Olayan owns $15 million worth of stock in Mobil, which depends on Saudi wells for about half its crude...
...sleepy little hamlet of Monterey, Mass., tucked away in the Berkshire Hills, seemed to have fallen into a time warp. As the 760 winter residents of the resort community went about their business, no radio or television could be heard. At Millie Walsh's Mobil station on Route 23 just past the center of town, the electric clock had stopped and the giant soft-drink cooler was turned off. At Arthur and Alice Somers' huge Victorian manse on the edge of nearby Lake Garfield, the cavernous, antiquated kitchen was bathed in the soft glow of kerosene lamps...
...principal foreign supplier of crude, is once again showing its clout in world oil. That country last week paid an estimated $2 billion to buy the remaining 40% of Aramco, which produces the bulk of Saudi oil, from a consortium of four American oil producers, Exxon, Mobil, Texaco and Standard Oil of California. Americans will continue working for Aramco, but only in technical and managerial roles. The kingdom's Oil Minister, Sheik Ahmed Zaki Yamani, is also reported to have told British Foreign Secretary Lord Carrington that Saudi Arabia would soon reduce oil production. Although Yamani did not specify...
...briefly tantalizing moment last week, those were the questions being asked in the world of Big Oil. Breathless dispatches out of Lagos, Nigeria, hinted at an erupting major scandal. On one side were the Royal Dutch/Shell Group, Mobil and Gulf Oil. Arrayed against them was the ten-month-old civilian government of President Alhaji Shehu Shagari, which seemed to be charging that the oil companies had somehow or other tricked it out of 183 million bbl. of high-quality Nigerian crude. The government appeared to demand that the oil be either returned or paid for. The situation took on added...
...Canada, of going underground, of becoming conscientious objectors should the draft resume. But the personal motives mask a core of political beliefs. Americans may have forgotten about Vietnam, but it doesn't take much to remind them, and draft registration brings memories back to the surface. Exxon and Mobil will be distressed to learn that large numbers of America's youth think oil isn't worth dying for. "What the fuck have they ever done for me?" asked one, obviously not a regular reader of the Times op-ed page...