Word: mobilizing
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...that of interested corporations. A delegation of 26 businessmen with contracts in Saudi Arabia flew up from Alabama to tell him that a whole lot of jobs, including maybe his own, might depend on how he voted. Democrat David Pry or of Arkansas got a pro-AWACS call from Mobil Oil President William Tavoulareas. Seattle-based Boeing, which builds the AWACS, put pressure on Washington's Gorton. A week before the vote, Republican Senators opposed to the sale got a tongue-lashing from a group of the G.O.P.'s heavy corporate campaign contributors known as the Inner Circle...
...sales still dropped by 60%. Underscoring the weakness in the world market, the big U.S. oil companies last week reported sharp profit drops for the period from July through September. Exxon's earnings fell 21%, Standard Oil of California had a 16% decline, and Mobil's profits slumped...
...executives say that synfuel development will now be easier because the red tape attached to Government subsidies under the Carter Administration has largely been removed. Explains J.F. Trautschold Jr., general manager of Mobil's synfuels division: "If we had solicited money from the Government, we would have had to hire probably ten more auditors just to meet the Energy Department's demand for information...
Though the program's various tax and subsidy provisions were intended to encourage giant foreign multinationals like Shell, Exxon and Mobil to sell at least some of their Canadian operations to local companies, the effect has been to aggravate a host of economic difficulties. Inflation has surged to an annual rate of 13%, the Canadian dollar has slumped to 800 in American currency, its lowest point in 50 years, and investment capital has been fleeing Canada...
...great unknown remaining after the fight for Conoco is the Justice Department's attitude toward a merger between two oil companies. Two weeks ago, Antitrust Chief William Baxter gave the green light to a Du Pont-Conoco deal. Yet, despite heavy pressure from Mobil, he did not express an opinion on a Mobil-Conoco merger. In fact, he appeared to be indicating that he might block it, when he said: "If they think we're generally soft on mergers, they're going to be in for a big surprise." If Mobil, Texaco or another member...