Word: exxon
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...please everyone. Says Guy Martin, Assistant Secretary of the Interior for Land and Water Resources: "The major environmental effect of this pipeline and the road that parallels it is that they're there." With them come nightmares of a pipeline road spotted with McDonald's drive-ins, Exxon stations, Holiday Inns, 7-Eleven stores and the other trappings of mobile America...
Whoever buys the oil, the 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...
...lively, mordant intelligence is at its best improvising on political ideas - quarreling with Spengler, hallucinating a Socratic dialogue with an Exxon executive. In the end, the author pays a visit of homage to the aging Arnold Toynbee - and plays his own complicated sense of disintegration and renewal against Toynbee's. Toynbee seems to listen with courtly regard as Mee excitedly spins out his vision of a new Renaissance based upon "a truly profound exploration led by neurophysicists and psychologists, structural linguists and anthropologists, into the structure of the mind." Mee demands to know what Toynbee thinks. The great historian...
Auto companies did best of all; the four in the list raised their median profit by 138.5%, despite another huge loss for American Motors. General Motors regained its historic role as the No. 1 profitmaker,* topping Exxon $2.9 billion to $2.6 billion, and Ford bumped Texaco out of third place in sales, $28.8 billion to $26.5 billion. Oil companies, however, did well too. Exxon led in sales for the third straight year, with $48.6 billion; Gulf Oil (sales: $16.5 billion) knocked IBM ($16.3 billion) out of seventh place, and Shell ($9.2 billion) displaced U.S. Steel ($8.6 billion...
...decision announced last Saturday ended the three-day occupation of administrative offices by students who were protesting the college's ownership of $39,000 worth of stock in Exxon, Clarke Equipment, International Harvester Inc., and Texaco...