Word: richfield
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...price increases on propane (bottled gas). In addition, the Government has refused to allow the oil companies to pass on to their customers $412 million in accumulated costs. Some of the bigger names on the list of oil companies making refunds or being forced to swallow costs: Ashland, Atlantic Richfield, Continental, Skelly, Phillips, Amerada Hess, Sun, Shell, Texaco. Among the larger refunds or rollbacks are Charter Oil's $19.8 million and Kerr-McGee's $23.5 million...
There is considerable doubt in and out of Washington about just how effective a floor price would be in promoting energy development, particularly in the U.S. Atlantic Richfield Co. and three other firms recently suspended a big oil-shale project in Colorado after cost estimates for a 50,000 bbl.-per-day plant jumped from $450 million to $800 million. A price of $7 for oil, concluded the Federal Energy Administration in its Project Independence Blueprint last fall, could boost consumption back to wasteful levels while providing only a slight stimulus to production, thus actually increasing U.S. dependence on foreign...
Businessmen and prominent public figures who spoke at the hearings were equally frank. One of the most optimistic predictions came from Thornton Bradshaw, president of Atlantic Richfield, who thought that the U.S. could reduce its dependence on foreign oil from 18% of total energy consumption now "to perhaps as low as 15% by 1980 and possibly 10% to 13% by 1985." Most other speakers, including Sawhill, guessed that the U.S. would be importing 25% of its oil eleven years from now, v. about one third early this year...
...Thornton F. Bradshaw, president of Atlantic Richfield Co.; Ian MacGregor, chairman of American Metal Climax, Inc.; John W. Simpson, president of Westinghouse Electric's Power Systems Co.; Alfred J. Eggers Jr., assistant director for research applications of the National Science Foundation; and Lee C. White, chairman, Energy Policy Task Force, Consumer Federation of America...
...cent in 1973 to $2.4 billion, the company increased 1974 investment in the search for oil 73 per cent, to $6.1 billion. Gulf's profits were up 79 per cent in 1973, to $800 million, but Gulf has increased its 1974 capital investment to $2 billion. Atlantic Richfield, making $270 million last year, plans to double its capital investment in 1974 to $1.1 billion. The same is true for all oil companies, large and small. The oil companies are reinvesting all of their higher profits, and even more...