Word: petroleum
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...trouble and of participating heavily in those that are still flourishing. As a major regional market and processing center for the farm belt, it is riding with wheat and other farm products in their continuing record prosperity and with Kansas oilmen in the higher prices for their petroleum...
Inspired by the heady success of the Organization of the Petroleum Exporting Countries in pumping up the price of oil, four countries that account for 70% of the world's copper exports last week adopted some of OPEC's tactics. Zambia, Zaire, Chile and Peru, members of a cartel called the Intergovernmental Council of Copper Exporting Countries (CIPEC) announced plans to reduce shipments of the metal by 10%. Said Fernandez Maldonado, Peru's Minister of Energy and Mines: "The Arabs have shown...
Another process, called pyrolysis, will be used in Denver, Minneapolis-St. Paul, Baltimore, Seattle and Charleston, W. Va. Refined by Monsanto, Union Carbide and other companies, the technique involves new, virtually oxygen-free furnaces to convert organic trash into oil or gas. In El Cajon, near San Diego, Occidental Petroleum's Garrett Research and Development Co. and the Environmental Protection Agency are jointly building a test pyrolytic plant that when completed in 1976 will have a capacity of 200 tons per day. For every ton of garbage that goes in, 1 bbl. of oil will come out, ready for sale...
Sheik Ahmed Zaki Yamani, Saudi Arabia's urbane Petroleum Minister, often professes a desire for the price of oil to come down. Last week he said that his government had indeed decided to lower the price by 40? per bbl., in a move designed to "take from the oil companies and give to the consumer." However enticing that Robin Hoodish remark might seem to suffering consumers, the consequences promise to be different from what they would expect. The cost of oil to the major companies -and to their customers-stands to rise about...
...Saudi move, made independently of the Organization of Petroleum Exporting Countries and followed by Qatar and the United Arab Emirates, was announced at a meeting of six OPEC states in Abu Dhabi. For Saudi Arabia, by far the largest producer, the complex new policy works like this...