Word: petroleum
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Dates: during 1970-1979
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...this has yet to make an impact on the Turkish public. Nearly all export earnings go for petroleum and fertilizers, leaving the vast state-owned industries without spare parts. The result: lower production and more unemployment. Says a State Department specialist in Turkish affairs: "We just hope that whatever the next government may be, it will stick to the terms of the IMF deal and not deviate from the international strategy for recovery. Otherwise, Turkey could become a flat-out disaster case...
...Carter's re-election campaign office. In Nashville, a 500-lb. pig with BIG OIL painted on its side was led to city hall to munch slops from a dish labeled AMERICAN WEALTH. In Washington D.C., elderly citizens bused in to join a picket line outside the American Petroleum Institute...
...country is targeting as "Big Oil." They voiced fears of a winter of low temperatures and high fuel costs, passed out "Big Oil Discredit Cards" and waved banners declaring, "I don't want to freeze in the dark." For most, the principal peeve was not gasoline prices or petroleum industry profits but the 60% rise in the cost of heating oil in the past 2½ years...
...Nuclear Related Investments Exxon Corporation $35,442,448 Standard Oil Co. of California $20,912,364 Mobil Corporation $18,360,622 Atlantic Richfield $17,465,122 Gulf Oil $15,969,160 General Electric Company $15,673,735 Getty Oil $11,765,924 Raytheon $9,585,634 Phillips Petroleum $8,996,703 Florida Power and Light $7,169,390 According to '78-'79 Financial Report
President Carter has agreed to lift price limits because the oil companies want the higher prices and profits, Nader said. "All oil in this country will be sold by American companies at OPEC (Organization of Petroleum Exporting Countries) prices if the price restraints are lifted," he added...