Word: petroleum
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...Phnom-Penh, residents were urged to cut down on their use of petroleum; the city was said to have only a three-day supply of gasoline on hand for private transport. To make matters worse, a fire destroyed one of Phnom-Penh's two electricity generators, blacking out half of the city and stilling the whirling fans and air conditioners in the midst of scorching 95° heat. If the harassing Communist blockade could not be broken, U.S. officials said, food, fuel and ammunition would have to be brought in by a U.S. airlift...
...supply. Lowered gasoline output also reflects the fact that last winter oil companies shifted much refinery capacity to production of home-heating oil; they are just beginning to switch back. In addition, the Cost of Living Council last month reimposed mandatory price controls and profit-margin limits on the petroleum industry; one effect is to discourage many refiners from importing expensive foreign crude to augment their supplies. Further exacerbating the problem, environmentalists have recently blocked construction of new refineries that they feared would cause ecological damage along the coasts of California, Delaware and the Gulf of Mexico...
...student ACSR--the elected group of undergraduates which picked the two undergraduate delegates to the full ACSR--recommended Wednesday that the Corporation must either vote for shareholder resolutions to have the Phillips Petroleum and Continental Oil Companies withdraw completely from Namibia, the the south-west African territory South Africa rules in defiance of the World Court, or else "tacitly condone illegal and immoral corporate activity...
...Advisory Committee on Shareholder Responsibility voted yesterday to recommend that the Corporation support proposals requiring Phillips Petroleum to cease all operations in Namibia and forcing General Electric Company to disclose its activities in the Republic of South Africa...
...ACSR approved in full the shareholders' proposal sponsored by several U.S. churches to amend Phillips Petroleum's certificate of incorporation to prohibit any activity in Southwest Africa...