Word: texaco
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Hell no, we won't go. We won't fight for Texaco." The U.S. has expressed a compelling rationale for war against Saddam Hussein if the dictator refuses to leave Kuwait by Jan. 15. The charge that a war would only serve the interests of the powerful U.S. oil lobby is ludicrous. Profits have soared and will continue to rise during the embargo, when the possibility of war unnerves international markets. A return to stabilization after war will surely lower prices...
...this view of supply and demand failed to win much sympathy among motorists. In response to Bush's call for moderation last week, the oil companies began softening their stance. Texaco, BP America and Conoco said they would roll back gasoline prices by 1 cents to 4 cents per gal. Unocal, Amoco and Getty announced that they would freeze prices at the pump for a week or more, depending on conditions in the world markets. So for the moment, at least, the runaway price hikes that followed the invasion of Kuwait have been stopped in their tracks. But that...
...employee at a Boston Texaco station, who asked not to be identified, expressed similar complaints, saying workers had to raise gasoline prices by six cents last Friday...
...some of those logos are gone, while others have new owners. Gulf's orange ball went down like a setting sun, replaced by Chevron's stripes after a corporate takeover. More important, some of the new owners are foreign oil companies. Texaco's refining and marketing operations in 26 Eastern and Gulf Coast states are now half-owned by the Saudi Arabian oil company Aramco. Venezuela's national petroleum company bought out Citgo. In Europe a new symbol has emerged: Q8. The homophonic logo representing Kuwait's oil company appears on the signs of 4,800 gasoline stations in Western...
This time, however, the real clout rests with the oil-rich countries. Cut off from its former sources of supply and struggling from a failed bid to buy Getty Oil, Texaco turned to its former junior partner, Aramco, for help in 1988. The result was Star Enterprise, a fifty-fifty joint venture between Texaco and Aramco, for which the Saudis paid $1.8 billion. The venture operates three U.S. refineries and markets fuel at 11,450 filling stations...