Word: petroleum
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Donald B. Roberts '70, assistant director of career development, said last week that recent graduates are distributing themselves more evenly among industries. Among those attracting the most graduates are the food and beverage, paper, petroleum, and retail industries...
Over 80 per cent of Angola's exports were sold in unprocessed form in 1973, mostly petroleum ($230 million), coffee ($205 million), diamonds ($80 million) and iron ore ($49 million). The major industry is all foreign owned. Gulf produces the petroleum; most of the coffee plantations are Portuguese, but they sell almost entirely to large American companies; diamonds are produced by Diamang, a South African, British and Portuguese consortium. Even the main railroad, which runs from Lobito to Zaire, is British and South African owned...
...many months ago, Iran's national production was growing at a dizzying rate of 42% a year. Shah Mohammed Reza Pahlavi seemed to leaf through Aviation Week as if it were his special Sears catalogue. In the councils of the Organization of Petroleum Exporting Countries, Iran took the lead in insisting that the world price of oil should be pushed ever higher...
...purchases by 750,000 bbl. a day and turned to cheaper Iraqi, Saudi, and Kuwaiti oil. Premier Hoveida charged the companies with a breach of the 20-year contract with Iran that they signed in 1973. The Shah suggested to the British government (which owns 70% of British Petroleum, the company that leads the consortium) that Iran might not be able to buy all of the British industrial equipment for which it has signed contracts...
News Service for instance, a petroleum industry newsletter that costs $435 a year, is available for pennies a copy to anyone with a Xerox machine and a borrowed original. After years of controversy, the Senate last week passed a revision of the copyright law that would prohibit photocopying of more than a small excerpt from copyrighted material. The bill is now bogged down in the House. Says Marshall McLuhan: "Whereas Caxton and Gutenberg enabled all men to become readers, Xerox has enabled all men to become publishers...