Word: texaco
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Over half of Hampshire College's 1300 students signed a petition in March protesting the school's ownership of $39,000 worth of stock in Texaco, Exxon, Clark Equipment, and International Harvester...
...pretended to leave and wandered onto the field. The field attendants were friendly, and thought we were crazy. A man who said his name was Bruce jumped out of a Texaco truck to tell us that corporations owned all the jets, and that they would never take us. "They have no insurance for unauthorized passengers," Bruce said. "If you crashed you could sue them for millions". Still, Bruce said he'd let us know if he heard of anything. That Lear jet over there, he said, is leaving for Miami and Caracas today. They're small, those Lears, he said...
...fields would have helped ease the winter's gas shortage, he declined to judge the producers. Still, he vowed to push them to boost output. Noting that his department has the power to cancel leases, Andrus said: "I am prepared to order production." The major leaseholders, such as Texaco and Continental Oil, denied any wrongdoing and promised to cooperate fully with the investigators...
...economist has challenged that assumption. In an impressively documented book titled The Control of Oil, just published by Pantheon Books, Dr. John M. Blair argues that the real culprits are the major international oil companies, known familiarly as the Seven Sisters (Exxon, Mobil, Standard Oil Co. of California, Texaco, Gulf, Royal Dutch Shell, and British Petroleum). In Blair's view, the companies actually aided and abetted the OPEC increase, while pleading helplessness to their price-gouged public. "A form of bilateral symbiotic oligopoly" is the author's complicated if caustic term to describe the relationship between...
Uncertain Future. Also, the amount of "free" oil is small. The Saudis sell only about 6.25% of their daily output on the open market. The bulk of their production is committed to four U.S. companies: Exxon, Texaco, Mobil and Chevron. They stand to benefit most from the two-tier system, but how much of the savings they will pass on to the U.S. consumer is unclear...