Word: oils
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Dates: during 1970-1979
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...truly inspiring-if, that is, he happens to be writing about his favorite subject, energy. Byron has an unobstructed vista of the Manhattan headquarters of Exxon Corp., one of the world's richest industrial enterprises and perennial Most Valuable Player in the high-stakes game of international oil, the subject of this week's cover story. With help from Reporter-Researchers Lydia Chavez and Charles Alexander, Byron dissects the maddeningly complex, increasingly contentious process by which oil is discovered, delivered, refined, priced, taxed and, in too many cases, wasted...
...York Correspondent John Tompkins, who reported extensively for a TIME cover story on Exxon in 1974, interviewed Exxon executives and other oil gamesters for this week's story, and found the situation markedly changed. "I didn't realize five years ago that I was seeing the end of an era," he says. "Oilmen then were still somewhat fat and happy, confident that they'd surmount the energy crisis." This time, Tompkins saw the oil chiefs as "sadder, thinner and less optimistic...
...does keep in touch with some relatives in Arizona who are building solar homes. That, says Tompkins, gazing out his office window at the Exxon building and a forest of other high-rise spires reaching toward the sun, just might be one way to win the oil game...
...Index showed that inflation was running at an annual rate of 13%-the highest such rate in more than four years. A new Gallup poll indicated that Democrats prefer Senator Edward Kennedy by a hefty 58% to 31% over Carter as the nominee of their party in 1980. The oil companies were pressuring Congress to gut Carter's proposal for a tax on windfall profits when oil prices are decontrolled in June. And though at week's end negotiations between Washington and Moscow led to an exchange of five Soviet dissidents for two Soviet spies held...
Some of the country's most prestigious leaders have joined the Prime Minister in calling for an end to the revolutionary trials. One of them is Ayatullah Mohammed Khaqani, powerful leader of 3 million Arabic-speaking Iranians in the vital oil province of Khuzistan. Last week Khaqani threatened to leave the country unless his objections to the komitehs were heeded. Iran, he said, had become "an unbearable place to Live" and discrimination against Arabs persisted. Khaqani warned that his exile would trigger labor disorders and further disruptions of oil production. Ayatullah Ruhollah Khomeini, the spiritual leader of Iran...