Word: shellful
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Dates: during 1970-1979
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...warning enough, Libya took another in a long series of actions designed to gain control of its oil. The regime decreed that Libya would nationalize 51 %-enough for full control-of five major oil companies operating in the country, including properties owned by Exxon, Mobil, Texaco, Socal and Shell. The Libyan government also declared that the companies must raise the price of oil from $4.90 to $6 a barrel. If the oil companies give in to Libya, they may be forced to make similar deals with oil nations in the Persian Gulf...
...antitrust division of the Justice Department is gearing up for a broad-gauge grand jury investigation of gasoline pricing. It has subpoenaed confidential records of more than 30 oil companies, including not only ARCO but also such giants as Exxon, Mobil, Texaco, Gulf, Standard of California, Standard of Indiana, Shell, Phillips and Union. Attorneys for the companies say that summonses will also be issued soon to a number of executives. They will be called to testify about whether there was a massive conspiracy to fix wholesale and retail gasoline prices...
...guess I'm just like a turtle, Hiding underneath its horny shell...
...width. Between avenues, the marble base of the Victory Column is polished and despite its war scars reflects the misty recession of lights toward the Brandenburg Gate. What look like splotches of mud on the old classical gate houses flanking the avenues reveal themselves on second glances as shell pits...
...eight companies rank in the top 25 of the FORTUNE 500. In order of size of assets, they are: Exxon, Texaco, Gulf, Mobil, Standard of California, Standard of Indiana, Shell and Atlantic Richfield. Among them, they have assets of $76 billion; their profits last year totaled nearly $4.6 billion. All are vertically integrated, that is, involved in every phase of the industry-exploring for oil, pumping it from wells, shipping it by pipelines, refining it, and selling it at service stations. Together, they control 51% of domestic crude-oil production, 64% of proven domestic reserves, 58% of refinery capacity. Their...