Word: texaco
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...other industry group. Oil companies were the first multinationals, and the wide spaces between deposits and consumers has made oil the world's most international industry. The oil trade is also one of the most concentrated industries--seven companies, Standard Oil of New Jersey, Royal Dutch Shell, Mobil, Texaco, Gulf, Standard Oil of California, and British Petroleum, account for over a third of oil investment, and over half of world-wide sales...
...cent interest in Iranian oil, a concern owned jointly by the Dutch and the British--Shell, 11 American companies, and a French concern all have minor interests. The most important of these cartels is Aramco, formed by Standard Oil of New Jersey, Mobil, Standard Oil of California, and Texaco in partnership with the Saudi Arabian government, which controls the richest oil deposits in the world...
McNamara said he and Corcoran will continue to negotiate with Texaco and will "spend hours on their knees" if necessary to obtain extra gasoline. Referring to probable snowplow cutbacks. McNamara said grimly. "If we have a snowstorm this month, we'll all be dead...
...Texaco executives in Boston and at the main New York office, despite repeated attempts, were either unavailable or declined to comment on the gas and fuel reductions...
Cold rooms and snow-clogged streets lined with garbage may be among only the initial costs of Texaco's announcements. Dean Whitlock said Monday delay in construction of the new Yard dormitory is "almost inevitable" because of fuel cutbacks, and predicted another serious overcrowding problem for next fall. Meanwhile, Dean Rosovsky said the fuel problem and rising fuel costs could result in a greater tuition increase next school year...