Word: petroleum
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Dates: during 1970-1979
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Austin interviewed oilmen, contractors and job-hunting boomers from the Lower 48 for the story which was written by Associate Editor James Atwater, with the help of Reporter-Researcher Marta Dorion. Correspondent Christopher Ogden and Photographer Steve Northup toured the state to measure the impact of petroleum-based prosperity on Alaska's life-style and pristine environment. Both of those, they found, were not what they had been in gold-rush days. In Point Barrow, for instance, some of the Eskimos whom Ogden had come to interview turned up with Texas oil lawyers and New York accountants in respectful...
...Amerada Hess, Atlantic Richfield, British Petroleum, Exxon, Mobil, Phillips, Sohio and Union...
Even before the Organization of Petroleum Exporting Countries began jacking up oil prices in 1973, prices for other raw materials were breaking records. Spurred by shortages and rampant speculation in commodities markets, prices for such staples as copper, rubber, cocoa, coffee, platinum and cotton rose sharply; some had doubled or tripled by mid-1974. But after the oil crisis helped push the West into recession, commodities prices tumbled, in some cases to a third of what they had been at the peak. Copper, for example, rose nearly 300% in 17 months, peaking at $1.40 per Ib. a year ago; this...
...author's fancy here is that an eccentric inventor, working in secrecy at St.-Tropez, is on the point of perfecting a solar-powered car. The Arabs are out to stop him before he sells his process to General Motors, thus weaning the West away from its petroleum habit. When all seems lost, one of the bad Arabs reveals himself to be a good Arab, determined to make peace with Israel and save the GM third-quarter profits. Some of the figures in this fantasy-notably an ancient tyrant in French Intelligence-are worth a smile...
...breaking point over disposition of water from the Euphrates River. Baghdad charges that Damascus has deliberately stored up so much water behind its new Tabqa Dam that Iraqi crops have been ruined and that 3 million Iraqis who depend on the river are short of drinking water. Saudi Petroleum Minister Sheik Zaki Yamani, whose negotiating skills have been honed at endless meetings of Middle East oil moguls, has been mediating between them. The split is so deep that even Yamani has had no success so far in bringing the revolutionary Arab neighbors together...