Word: richfield
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Dates: during 1980-1989
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...effect, through zoning that requires retailing at street level in commercial buildings. As Whyte's photos make clear, the worst offenders are convention centers, like the one in the Seattle Sheraton Hotel, and the new megastructure office, hotel and shopping centers, such as the Bonaventure Hotel and Atlantic Richfield Plaza in Los Angeles, the Embarcadero Center in San Francisco and Omni International in Atlanta. Architecturally, these structures often have an awesome and arrogant beauty. Socially, they set themselves deliberately and offensively apart from the city around them...
Most oil-company stocks, however, failed to share in the rise. Atlantic Richfield, for example, which has enormous reserves of Alaskan crude, dropped 2% during the week. The four U.S. partners in Aramco, which pumps most of Saudi Arabia's crude, held up better than the rest. The reason: any cut in the official OPEC price will help end the squeeze that the four-Exxon, Standard Oil of California, Mobil and Texaco-have suffered as the spot oil price (see chart) has fallen below the $34 that they now pay the Saudis...
...efforts are the largest CO2 projects ever. In one, Exxon Corp. and Atlantic Richfield Co. are the major investors in a $350 million, 405-mile underground line that is to begin piping the gas this spring. In the second, Shell Oil Co. and Mobil Oil Corp. are building a 500-mile system that will cost a total of about $1.2 billion. That system, in which Continental Resources Co. also has an interest, is to be finished in the third quarter of next year. The Shell-Mobil project alone could coax out an extra 280 million bbl. and boost output...
...electronic cottage predict that it will once again enable people to find community where they once did: in their communities. Continental Illinois Bank, for one, has opened a suburban "satellite work station" that gets employees out of the house but not all the way downtown. Ford, Atlantic Richfield and Merrill Lynch have found that teleconferencing can reach far more people for far less money than traditional sales conferences...
...TIME again asked its news bureaus for lists of people outside politics who might be presidential. The exercise yielded a national total of only 21 names. Among them: two former astronauts, Frank Borman, president of Eastern Airlines, and Neil Armstrong, oil-equipment executive; Chairman Robert O. Anderson of Atlantic Richfield; Lee lacocca of Chrysler; James Bere of Borg-Warner; Thomas Wyman of CBS; President Hanna Gray, University of Chicago; Marvin Goldberger, Caltech; Bartlett Giamatti of Yale; and, inevitably, Walter Cronkite...