Word: sell
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Dates: during 1970-1979
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Aramco got a bonanza from the gap between the $18-per-bbl. price that Saudi Arabia had been charging, vs. the official cartel ceiling of $23.50. In unregulated markets outside the U.S., Aramco's proud parents have been able to sell their gasoline, heating oil and other products for high prices even though these fuels were made from the lowest-cost cartel crude. Largely as a result, third-quarter profits of Exxon, Mobil, Texaco and Socal jumped by anywhere from 73% to 211%. The revenue surge enraged the Saudis; Oil Minister Ahmed Zaki Yamani argues that Aramco...
Officers at Aeroquip were skeptical when the Youngstown employees presented their plan to buy the plant, but they agreed to sell if the buyers could pay the $2.5 million price. Frank Ciarniello, head of the United Rubber Workers local and a machine operator at the plant, and William Hawkins, then a general foreman and now vice president for operations, persuaded C.C. ("Pete") Broadwater, Aeroquip's manager of hose operations, to quit his job and join the new company as chairman and president. Aided by the Ohio Public Interest Campaign, a group that works to encourage business development, and Youngstown...
Last week the Administration disclosed the details of its proposed emergency rationing plan. Each registered vehicle would be limited to a fixed number of gallons per week, and any driver who did not use his quota could sell his ration coupons on a "white market" for whatever the traffic would bear. Congress rejected a similar scheme last May, and adoption of almost any rationing plan is not expected before next autumn-unless Middle East...
Whether by taxation or rationing, cutting back on gasoline would jolt an economy in which the jobs of one worker in seven somehow spin around the automotive industry. Millions of Americans not only build, sell and service cars but also supply the tires, windows and other parts, construct highways, drive trucks or otherwise deliver the goods...
...were for so-called festival seating, a sort of first-come-best-seated system that many of the country's major rock venues have long since given up as unworkable. Says Tony Tavares, director of the New Haven Coliseum where The Who will play this week: "When you sell a general admission ticket, you're challenging your crowd to get to the best seats in the house first. You're creating a system of pandemonium." New York City's Madison Square Garden, which brings its 20,000-capacity crowds in through four separate towers...