Word: oiled
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Dates: during 1990-1999
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Earlier in the week Mahfouz resigned his post "to combat these false charges," and the same day silver plunged on European exchanges as his bank, Saudi Arabia's largest, dumped gargantuan amounts of the metal. The silver shock spilled into oil stocks, which helped fuel a 44-point slide in the Dow- Jones average on the New York Stock Exchange. Although silver and stocks recovered, the turmoil in those markets was the first close-to-home repercussion of the B.C.C.I. scandal in the U.S. It may not be the last...
...board this train. Our well-being and our stability depend on our success in adapting to the construction of Europe." The restructuring of Spain's noncompetitive heavy industry is under way, and parliament has approved Gonzalez's plan to slash state spending and open up financial, transport, telecommunication and oil- distribution markets...
...move is the latest in a series of changes that have occurred in the University's most speculative investments--those in real estate, oil and gas and venture capital. Last October the University devalued these risky investments by a reported $200 million...
...Cogen" plants produce power by burning oil, natural gas or coal, translated into electricity or steam. The CSX Greenbrier project was designed to burn both oil and Otisca Fuel to produce electricity for Virginia Electric & Power, the local utility. Even if they don't get federal assistance, Shelor hopes to build the Greenbrier plant. Alternatively, he and Smith are discussing a deal that would use coal wastes to make Otisca Fuel as a direct substitute for No. 6 fuel oil. The prospect of making money the old-fashioned way, by earning it through the sale of cogenerated power...
...corporation larger than an extended machine shop. "He thinks there's only one way to do things," says board member Speicher, "and that's his way." For a time, Otisca employed a marketing specialist, but to little effect. For all its potential, Otisca is not the only alternative to oil that's out there. And some of its competitors, entrenched or entrepreneurial, have the backing of big, sophisticated companies that know which bureaucratic buttons to press and which deep pockets to pick...