Word: consortium
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Dates: during 1970-1979
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Inside each of us is a frozen êclair waiting to be microwaved, and this ridiculous flick, filmed on the cheap by Film Consortium of Canada Inc., does the job well. Hollis McLaren is winsomely demented. When Actor Russell puts on his show, the masquerades are expert and funny enough to let straights see the bent world in a way that will not threaten most of them. Normal householders walk out of the theater snuffling happily after his exit line. Liza, who has fled to Manhattan following the stillbirth, is acting like a zombie. She says she is dead...
...unions on what other coppermen see as more than generous terms. Kennecott could well afford the settlement. The company is sitting on a comfortable cushion of $1.2 billion in cash and securities-the proceeds of an enforced sale of Peabody Coal, which Kennecott acquired in 1968, to a consortium led by Newmont Mining. The Federal Trade Commission ruled in 1971 that Kennecott's Peabody purchase violated antitrust rules barring concentration in any given industry, arguing that the company could have entered the coal business by investing its own capital. After a five-year rear-guard battle against...
...Alyeska Pipeline Service Co., a consortium of eight oil companies, hopes to rebuild the station by mid-September, after which cold weather will make repairs virtually impossible. Otherwise, it would have to delay for another ten months the goal of increasing the pipeline's flow to its initial capacity of 1.2 million bbl. per day. That could cause financial problems for the state of Alaska; it has been counting on taxes from the pipeline, which are determined by the amount of oil actually moved, to finance 60% of its $1 billion current budget...
...Ahmed Zaki Yamani, told TIME Correspondent Wilton Wynn, "In the past year we discovered more oil than we produced. In the future, we will double our reserves." At present the country is producing about 9 million bbl. a day, but Frank Jungers, chairman of Aramco, the once American-owned consortium, says: "We're headed for 16 million bbl. daily production capacity by 1982." Aramco will be 100% bought out by the Saudi government by year's end, but its American management has been retained...
...companies that discovered it and built the pipeline stand to earn staggering revenues from their investment-$5 billion annually if the U.S. economy continues to recover. The companies with the largest stake in the pipeline would be Sohio, Arco and Exxon. Already, seven of the eight consortium companies have filed proposed shipping charges with the Interstate Commerce Commission. They are stiff, ranging from $6.04 to $6.44 per bbl. just to get the crude from Prudhoe Bay to Valdez...