Word: petroleum
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Dates: during 1980-1989
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Mallightco bought a 4% interest in an oil-and-gas well known as Sabine Lake Prospect for $9,120. On the very day the purchase became final -- May 10, 1988 -- Mallightco resold the interest to Union Rheinische Petroleum Inc., a West German company, for $440,000. The well at the time showed some prospect of becoming a commercial producer but has since been plugged. Wright's trustee then sold the Speaker's interest in Mallightco for $350,000, less $80,000 to pay off debts to the firm -- a handsome profit from a hopeless dry hole. Wright insists he knew...
...Petroleum will become a lubricant," he says...
...Saudi Arabian adviser on petroleum policy at the embassy in Washington acknowledges that implementation of fusion would hurt his country's economy...
Onoar cited a Bahrain government report that predicted that by 1992, 90 percent of the oil in the world will be produced by the Organization of Petroleum Exporting Countries (OPEC). At the same time, the United States will be importing 60 percent of the oil it uses, he says...
...loyalty. Now the tiny nation with a harsh if spectacular terrain has offended its big neighbor, and India has not only refused to renew trade and transit agreements that expired last month but closed down eleven of 22 vital transit routes. Most of Nepal's necessities, including petroleum products and hospital oxygen, normally traverse these roads. Though New Delhi is permitting goods to cross the border, shortages are forcing the government to impose strict limits on the sale of gasoline and kerosene. Last week the rationing sparked the worst rioting in nearly a decade in the capital of Katmandu...