Word: petroleum
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...primary campaign, Carey was induced to lose 30 pounds, and his antiboss, neighborhood, pragmatic image was stressed as part of a $2.5 million campaign financed in part by his multimillionaire brother Edward, the president of New England Petroleum Corp...
...Chilean and Uruguayan military-backed governments, nevertheless sees that there is no point in trying to block Cuba without U.S. help. Moreover, two of Castro's outspoken advocates in the OAS are looking more and more formidable. They are Mexico, with newly discovered oil reserves, and petroleum-rich Venezuela, which introduced the 1964 quarantine proposal but is now backing the movement...
...contract if he left for $1 million, payable over ten years. Under that agreement, he would still be receiving money from the company while he ran the FEA. Interstate gets all its revenue from oil companies-which the FEA regulates-and from utilities, for which its tankers carry petroleum. The company's impressive growth, the Journal suggests, is largely a result of subsidies and loan guarantees for tanker construction that it has received from the Maritime Administration that Gibson once headed; its sales now are around $30 million a year...
...Weight. Other Mexicans are enjoying the new weight that oil gives them in world councils. Within two years, Mexican officials think that the country could be exporting 200,000 bbl. a day, enough to put it in the same league with member producers of the Organization of the Petroleum Exporting Countries. Indeed, Mexican officials are expected to begin sitting in on OPEC meetings soon as observers. Mexican President Luis Echeverria Alvarez told President Ford last month that Mexico would export its oil at world prices, diluting hopes that it might undercut those vastly inflated quotes. These just might begin coming...
...weather improved in 1973, but a new set of problems threatened food output, especially in the underdeveloped countries. Fertilizer was in short supply, and its price started to climb. Then came the devastating impact of the quadrupling of the market price of petroleum by the cartel of oil-possessing nations. Higher oil prices meant added costs for the farmer: pesticides, herbicides and nitrogen-based fertilizers are derived from petroleum, while the manufacture of all fertilizer requires much energy. The world price of nitrogen fertilizer jumped from...