Word: petroleum
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...fact, allowing for variations in detail, this vision of the world a decade or so hence is now widely shared among economists. The world's consumption of oil is increasing by 8% a year, and U.S. consumption, now nearly 40% of the total, is rising by 8.7%. The petroleum-producing countries of the Middle East, all of which are Arab states except Iran, control 60% of the world's known reserves, and they are bargaining with increasing skill. Their income, which was $4.4 billion a year five years ago, has soared to more than $10 billion...
...make on their oil between now and 1985, they would still have nearly $120 billion left-or almost as much as the entire world's official reserves of gold and foreign exchange today. That is enough to buy all the issued stock of all the world's petroleum companies. As James Akins, director of the U.S. State Department's Office of Fuels and Energy, writes in the current issue of Foreign Affairs: "With the possible exception of Croesus, the world will never have seen anything quite like the wealth that is flowing and will continue to flow...
...their first vote, the students asked the University to oppose investment in Namibia by Continental Oil and Phillips Petroleum. Harvard owns 270,000 shares of Continental and 70,000 shares of Phillips...
...Conservatives have pointed gleefully at this year's comparative apathy; but anger at the University's support for racism abroad is not dead. The elected and presumably representative Student Advisory Committee on Shareholder Responsibility called last week for Harvard to support shareholder resolutions to get Continental Oil and Phillips Petroleum out of Namibia...
...University got its first hint of what its new proxy policy may be this week as the Student Advisory Committee on Shareholder Responsibility called for support of campaigns against the managements of Continental Oil and Phillips Petroleum...