Word: petroleum
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...million to U.S.C. for an endowed chair in petroleum engineering...
...Paris last week, for the first time since the Arab oil embargo, representatives of the countries that have quintupled petroleum prices faced delegates of the consuming nations that are paying those prices. Across the conference table it became immediately apparent that the oil producers have the upper hand diplomatically. The 18-nation meeting, called at the invitation of French President Valery Giscard d'Estaing, showed the depths of the differences rather than any path to resolving them. At week's end delegates could not even agree on an agenda for a larger conference this summer. The oil producers...
...conference opened, U.S. Assistant Secretary of State Thomas Enders struck a discordant note. In an interview on British television, he declared that the U.S. aim is "to get enough market power to hasten OPEC'S demise," referring to the producers' cartel, the 13-nation Organization of Petroleum Exporting Countries. Though that U.S. attitude is scarcely a surprise, it was undiplomatic of Enders to voice it so bluntly; Under Secretary of State Charles W. Robinson, chief of the U.S. delegation, disavowed the remarks in a background briefing for American correspondents...
...committee also recommended abstentions on three resolutions on the Phillips Petroleum Corp. pertaining to political contributions...
ITALY only six months ago was in spectacular trouble. Because of the rapid run-up in world petroleum prices, the cost of imports was exceeding exports by $5.5 billion annually, inflation was running at 24.5%, and only emergency loans from the International Monetary Fund and the German government saved the nation from outright bankruptcy. Today demand is slackening and Italian inflation is fast diminishing: wholesale prices in February rose a mere 0.2%, v. 6.8% in the same month last year. But the price of whipping inflation has been high. Industrial production in January was down 15% from the year before...