Word: proven
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Dates: during 1970-1979
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...reason is that BP has huge interests in the world's two most exciting sources of new crude, Alaska and the North Sea. The BP-Sohio partnership has leased the largest chunk (its proven reserves: 5.1 billion bbl.) of Prudhoe Bay fields on Alaska's North Slope. According to an agreement between the two companies, as the flow of Alaskan oil increases so will BP's share in Sohio, rising from 26% now to 51%, probably some time next year. In the North Sea, BP's wells are expected to produce more than 650,000 bbl. a day by 1980?...
Dillon & Company's stock recommendations have proven profitable. One of their primary stocks has increased in price by over 100 per cent. Other have increased an average of 15 per cent and also earn high dividends...
...presence of large and growing numbers of Americans in Iran has already given rise to socio-economic problems. Although many of these have proven to be manageable, they could become worse should there be a major change in U.S.-Iranian relations...
...Carter could claim proven experience among other nominees. Minnesota Congressman Bob Bergland, his prospective Agriculture Secretary, is a real farmer. Carter also managed, finally, to find women for his Cabinet: black Washington Attorney Patricia Harris, who will be Secretary of Housing and Urban Development; and Economist Juanita Kreps, named to Commerce...
Cocky Sheik. The instigator of the rupture was Saudi Arabia, whose sands and offshore waters contain by far the world's largest proven oil reserves. Eleven of OPEC's 13 members* voted to raise prices another 10.4% on Jan. 1 and yet a further 5% next July 1. But the Saudis, backed by the United Arab Emirates, announced that they would post only a 5% increase for the whole year. Moreover, Saudi Oil Minister Ahmed Zaki Yamani declared that Saudi Arabia would lift its self-imposed production limit of 8.5 million bbl. a day and pump...