Word: randol
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Dates: during 1980-1989
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...clampdown could create conflict between automakers and the oil industry, as each side seeks to pass responsibility for meeting the standards on to the other. "The carmakers want to say 'reformulate the gasoline,' " says William Randol, an oil-industry analyst for First Boston. "But who will make the investment to do this?" He noted that Shell Oil has estimated that it would cost billions of dollars to develop new clean-burning gasolines...
...Iran and Iraq have a four-year-long war to finance. Venezuela and Nigeria owe large debts to Western bankers. Reducing the official price from $29 to compete with Britain could start an all-out skirmish with non-OPEC producers. "The system is so inherently unstable," says William Randol, an industry analyst for the First Boston investment firm, "that the slightest slip can lead to another crisis...
...four had been paying the official $34 OPEC price for the Saudi crude, even though cheaper supplies were available elsewhere. Now the March price cut has freed them of that burden. So far, however, analysts have seen few immediate signs of improvement in the overall industry outlook. Says William Randol of First Boston, an investment banking firm: "This year's first-quarter earnings will be a disaster...