Word: petroleum
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Some Western businessmen fear that the Arabs' real purpose is to take over whole foreign industries, especially petroleum refining and marketing...
...that Shepard is less of a scientist than a poet. He dreams of a future in which cities of no more than 50,000 people are located on continental perimeters. No farms, of course. One meets one's needs with microbial food (yeast plus two tons of petroleum equals one ton of pure protein). The heartland becomes a kind of hunting preserve. From earliest years, children are sent into this wilderness to be truly educated about their nature and their relationship to nature. Reading, at first, is "circumscribed and limited...
Within 17 years after World War II, Enrico Mattei developed the shattered Italian oil industry to a point where it ranked somewhere between a major nuisance and a minor power in the byzantine world of the international petroleum cartels. In 1962 Mattei died in a plane crash that many believe was caused by sabotage-a credible suspicion given the number of enemies (ranging from the Mafia to American oil interests) this bragging, abrasive and ingenious man had made...
...targets are Oasis Oil Co., which is owned by Continental Oil, Marathon Oil, Amerada, Hess and Royal Dutch/Shell; American Overseas Petroleum Ltd., owned by Texaco and Standard of California; and Occidental Petroleum. Negotiations between Oasis and the Libyans over the 50% demand had been proceeding fitfully for months until last week. Then Gaddafi called a Tripoli press conference and produced a couple of Israeli grapefruit that he said had been confiscated by Libyan workers at a pipeline terminal run by Oasis, the largest foreign producer. He accused Oasis of allowing Israeli spies to operate in Libya disguised as oil workers...
...addition, Gaddafi insists on a nation's right to control its own oil, and he is probably determined to remain out in front of the other producing countries in securing that right from Western oil firms. If other OPEC members imitate his takeover demands, world petroleum prices could spurt upward even faster...