Word: petroleum
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Dates: during 1960-1969
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Tests of the device, conducted at the bureau's Bartlesville, Okla., petroleum research center, will continue through July. Thus far, they have demonstrated that the reactor can cut automotive hydrocarbon exhaust to less than 70 parts per million, compared with an average of 900 p. p.m. in exhaust from cars unequipped with pollution-control units. Carbon monoxide has been reduced to less than .7% of the total exhaust from a car equipped with the reactor. Both figures are well within the 1970 standards proposed last week. Nonetheless, said one Du Pont official, the unit is far from commercially feasible...
...international finance. Rarely mentioned is the pleasanter side: balance-of-payments surpluses. Yet they exist, cropping up in highly unexpected places, sometimes for unique reasons. The Irish Republic last year enjoyed its first surplus - about $6,000,000- since 1961, thanks greatly to rising exports of textiles, food, refined petroleum and metal ores. Impoverished Tanzania achieved a $28 million payments surplus in 1966, despite its per capita annual income of about $65, because administrative bottlenecks and manpower shortages delayed government spending...
Jersey Standard is actually a holding company and-thanks in considerable part to Haider-a highly decentralized corporate parent to 300 affiliates that do all its exploring, producing, refining and marketing of petroleum products in more than 100 nations. Out of all this, Jersey's most recent annual earnings were $1.1 billion from well-oiled sales of $13.6 billion...
...Jersey company's exclusive right to the Esso name is presently being fought out in Federal courts), are scattered everywhere around the world, from U.S. turnpikes to the African veld to the guerrilla-infested rural roads of Viet Nam. Jersey companies turn out 4,627,-000 barrels of petroleum products daily, sell one of every seven gallons of fuel marketed in the free world...
...study of recruiting advertisements and brochures reveals that many companies are changing early job assignments and advertising emphasis to fit student interests. An advertisement by Phillips Petroleum features a photograph of a young executive of the company, and his own words: "Phillips have given me a chance to 'create' myself ... I feel I am becoming a more complete person." He describes how his changing interests led him from the lab to the semi-plant, to process design, to market research, to international sales development...