Word: petroleums
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Since World War II, much of the U.S.'s foreign policy has centered on maintaining access to cheap and plentiful oil. This has led us to have greater dependence on nations which we would otherwise have little dealing with. For example, the Organization of Petroleum Exporting Countries (OPEC) has been able to exercise some degree of control over the U.S. and its economy by setting the price of oil, as evidenced by the shortage...
...result is a darkly comic vision of the future impact of a high-tech revolution that Sterling's earlier work helped create. He grew up in a Texas refinery town, the son of a petroleum engineer and grandson of a cattle rancher. While studying journalism at the University of Texas in the late '70s, he fell in with a group of budding writers that included William Gibson, John Shirley and Greg Bear. The cyberpunks, as they called themselves, were obsessed with all things digital, and in the '80s managed somehow to reverse pop culture's aesthetic field, turning slouching, sullen...
...become involved on the ground. For now, some traders are taking some precautionary steps to get out of international stocks. "We have been doing some swapping," says Hugh Johnson, First Albany's chief investment strategist. "We've sold some stocks with big international exposure, like Dupont, ConAgra and Phillips Petroleum, and have bought Staples and McGraw Hill. I'm trying to make our portfolio a little more insulated from world events...
...also supported a policy of annual pollution prevention review for Tosco, a large, independent oil refiner and marketer of petroleum...
...middle of the century, bosses had to be more clever, if not more subtle. Armand Hammer, whose business career lasted nearly the entire century, required many on Occidental Petroleum's board of directors--most of whom were employees--to give him signed, undated resignation letters that he could use if they tried to vote against him. His closest employees, according to one biographer, formed the Occidental Mouseketeers--with official membership drawings of a cowering mouse on a red carpet. But they weren't as beaten as the ITT execs of the 1960s and '70s, who were regularly grilled and even...