Word: socal
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...loan of exactly $170,327.50, Saudi Arabia's King Abdul Aziz ibn Saud granted the Standard Oil Co. of California a 60-year, exclusive concession to 320,000 sq. mi. of desert. So huge were the oil reserves when finally discovered, and so large the investment needs, that SoCal could not exploit them alone. It took on co-venturers, forming the Arabian American...
Over the years Socal was joined by three other oil giants?Exxon, Texaco and Mobil?to form the Arabian American Oil Co. (Aramco). Western-owned oil companies in the Middle East were able to drive one-sided bargains with the weak, quarreling and often ignorant Arab regimes. The corporations controlled exploration, production, shipping and marketing, and paid the governments as little as they could...
...words were not 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...
Sinclair stayed long enough to pluck Richfield out of the expectant hands of Standard Oil of California. Unable to outbid SoCal by himself, he teamed up with Manhattan's Cities Service Co.; between them, the two eastern oil companies and their subsidiaries eventually bought up 62% of the stock in the reorganized Richfield Oil Corp. Last week. 26 years after the deal went through, the Justice Department hauled Richfield. Cities Service and Sinclair Oil into Los Angeles federal court to answer a civil suit alleging violation of the antitrust laws...
These volumes, in general, are studies by individual scholars within a certain area of Soviet life. Although the Center believes in what the socal relation people call interdisciplinary "cross-fertilization," it does not seek to accomplish this through collaboration or group projects. As Kluckhohn observed in the foreword to Joseph S. Berliner's Factory and Manager in the USSR (No. 27 in the Russian Research Center series), the Center thinks that such an inter-disciplinary approach is most successful when it takes place "under one skull...