Word: petroleum
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Dates: during 1970-1979
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...Protestant Episcopal Church has filed a resolution with Phillips Petroleum, asking it to remove all its operations under concession to the South African government from Namibia...
...Episcopal Church has filed a resolution with Phillips Petroleum, which made illegal contributions to President Nixon's 1972 reelection campaign, to insure that it cannot make any future political contributions...
BELGIUM is the only Common Market nation that has not raised retail oil prices of gasoline since the producing countries doubled the price of crude in January. Understandably, British Petroleum, Texaco, Esso Belgium and other oil companies now say that they cannot buy oil at pre-January prices. Their request for a 90% boost in prices, however, has been refused, at least until Belgians elect a new government next week. Rather than continue to operate in the red most of the multinationals have banned further shipments of oil into Belgium. As a result, Belgium could become the first European country...
...wildcatting has always been a romantic art: the big gamble, the bigger payoff, always seem to be just "one more hole away." With the world's sudden realization of its dependence on petroleum and the prices that "black gold" has been bringing, wildcatting has taken on a new frenzy. Much of the world's unexplored oil wealth lies largely offshore, and this winter hundreds of hopeful gamblers are working round the clock in the freezing storms of the Canadian continental shelf. TIME Correspondent James Wilde recently visited one rig 96 miles southwest of Halifax, N.S. His report...
...same time, other Western oil-importing nations are vigorously hawking-arms to the Arabs, in part to pay their higher petroleum bills. France is about to conclude an agreement to sell Saudi Arabia 38 Mirage IIIE fighter-bombers, 275 AMX-30 tanks and assorted other military items. In return, the Saudis have agreed to provide France with about $50 billion worth of oil over the next 20 years. Britain last week was completing delivery of twelve Westland Mark I commando-carrying helicopters to Egypt, and British salesmen are now trying to interest Saudi Arabia in some Scorpion light tanks...