Word: oilfields
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...Some Gore-bashers are more concerned about the fact that the vice president's "reinventing government" program had helped Occidental in 1997 become the beneficiary of the largest-ever American privatization of an oilfield, when it purchased 78 percent of the Elk Hills oilfield near Bakersfield, Calif. Gore spokesman Jim Kennedy says the vice president never specifically pushed for the sale of Elk Hills or made any effort to profit from it. But in 1995 Gore had indeed called specifically for the privatization of Elk Hills, which had been the Navy's strategic reserve, arguing it was no longer needed...
...thus unlikely to bring meaningful results. King Hussein peddled his proposed solution during his spin through Europe. He offered a face-saving plan that might, for instance, allow Saddam to retain the strategically placed Bubiyan and Warbah islands, as well as the tip of the banana-shaped Rumaila oilfield that dips slightly into Kuwait from Iraq. Washington says a liberated Kuwait could make these and any other concessions to Baghdad it chooses but vehemently opposes rewarding Iraq's aggression with such promises before a pullout...
...immediate physical signs of dependency -- at least at first. But they feel an overpowering yearning for more. Bouts of depression and irritability can lead to deep depression and paranoia. "I was afraid to be with it and afraid to be without it," says Kurt Bolick, a 28-year-old oilfield-services reporter in Houston. "I was afraid of myself, I was afraid of life, I was afraid of everything. I was afraid, period...
...revenues: $19 billion) would see the value of their shares diluted, but they would win in other ways. Selling off some of the assets of the smaller Dallas-based Diamond Shamrock could have helped the Los Angeles-based Occidental with its capital needs in such ventures as a new oilfield in Colombia. The cash could also have been used to reduce Occidental's $3.5 billion debt, much of which resulted from its 1982 acquisition of Cities Service. Wall Street, however, did not buy the idea, and neither did Bricker's board. As soon as merger rumors began to circulate, Occidental...
...largest and most profitable corporations in the U.S. has been run for nearly 20 years by an avowed Socialist. The company is Schlumberger (1983 revenues: $5.8 billion), a leading oilfield-services firm. The executive is Frenchman Jean Riboud, who is profiled in The Art of Corporate Success (Putnam; 184 pages; $15.95) by Writer Ken Auletta. Riboud, 64, is a corporate enigma. A hardheaded capitalist in business matters, he is nevertheless a confidant of Socialist French President François Mitterrand...