Word: petroleum
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Dates: during 1970-1979
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This year the Corporation will consider resolutions asking Philips Petroleum and the 3M company to withdraw their operations from South Africa, a resolution asking Kodak to stop sales of certain kinds of photographic equipment to the South African government, a resolution calling on Exxon not to expand its South African operations, a resolution calling on Bristol Meyers to change its Third World infant formula marketing practices, resolutions prohibiting ex-government officials from taking jobs with General Electric and several other companies, and resolutions on redlining, political contributions, and journalistic practices...
...more of them. Unless the price rises high enough to summon forth significant new sources of supply--which in the case of oil seems to be happening--or to decrease consumption--which, in the case of oil, is not--the price will not stabilize. Considering that motive power and petroleum itself are essential to the production of most goods, it is doubtful any single government outside the Persian Gulf has the capability to reverse the worldwide trend...
Metropolitan Petroleum and White Fuel, the two major suppliers of heating oil to the University, also reported yesterday no interruptions of deliveries...
Coincidentally, on the very day planned for the treaty signing, members of the Organization of Petroleum Exporting Countries were to meet in Geneva. And not at all coincidentally, the Arab nations were expected to exact a penalty for a treaty they abhor by once again raising the price of oil. Even Saudi Arabia, which has long been a moderating influence in OPEC, disapproves of the Israeli-Egyptian pact enough to agree that oil should be used as a retaliatory political weapon against the U.S. But more than ideology and power politics would be at work in Geneva. There was also...
...know why very quickly." So snapped California Governor Jerry Brown last week, when he heard about the startling decision made by Standard Oil of Ohio. After five years, $50 million in expenses and submission of more than 700 permits and applications, the company, which is part owned by British Petroleum, was abandoning its ill-starred effort to launch a $1 billion project that would have been of value to the entire nation. Sohio wanted to convert an unused 700-mile natural-gas pipeline to move Alaskan oil from Long Beach, Calif, to Midland, Texas, for further delivery to the energy...