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...already put together an experimental 100-h.p. steam engine with support from Mobil Oil, which is interested in the lubricating problems of steamers. SES President Richard Morse headed a 1967 federal study group, which concluded that a return to the steam engine was indeed possible. Morse says that theoretically a steamer could use any kind of fuel, "even camel dung, if there were enough camels," but he prefers kerosene. The fuel is not exploded inside the cylinder as it is in the internal-combustion engine but is burned in an external combustion chamber at atmospheric pressure. As a result...

Author: /time Magazine | Title: AUTOS: The Steam Engine That Might | 3/29/1971 | See Source »

...revolutionary changes within this country should be obvious from the announcement that the Thien-Ky government is planning to award 17 off-shore drilling leases to international petroleum companies. Bidding was supposed to have taken place in Saigon in February. It was postponed 60 days because Gulf and Mobil ostensibly requested further clarification concerning the off shore leases...

Author: By Jeffrey L. Baker, | Title: Vietnam The Changing Liberal Calculus | 3/8/1971 | See Source »

Although no oil has yet been found off Vietnam. U.S. companies have expressed an interest in bidding for the off shore leases. Bids originally were scheduled for February, but Mobil and Gulf asked the South Vietnamese government for a 60-day postponement until proposed South Vietnamese legislation concerning the offshore oil leases is clarified...

Author: By From WIRE Dispatches, | Title: Allied Forces Build Up in Laos; Vietnam Oil Interests Investigated | 3/1/1971 | See Source »

...They include Jersey Standard, Standard of California, Mobil, Texaco, Gulf, British Petroleum, Shell, Compagnie Franchise des Pétroles and a dozen smaller firms...

Author: /time Magazine | Title: OIL: Looking for a Fair Sheik | 2/1/1971 | See Source »

Witness the case of Mobil Oil Co. A London-based subsidiary, Mobil Marine Services, sent a letter to ships' chandlers, ordering them not to supply Mobil tankers with "any products of Israeli origin, or seeming to have Israeli or Jewish connections." Mobil's caution stems from the fact that the boycott has been intensified of late by the fanatically anti-Israel government of Libya. Whenever a tanker enters a Libyan port, it is searched. If there is anything aboard that has been made or grown in Israel, the owner of the ship is fined or the vessel...

Author: /time Magazine | Title: Business: Seeing Stars | 2/1/1971 | See Source »

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