Word: petroleum
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...fact, allowing for variations in detail, this vision of the world a decade or so hence is now widely shared among economists. The world's consumption of oil is increasing by 8% a year, and U.S. consumption, now nearly 40% of the total, is rising by 8.7%. The petroleum-producing countries of the Middle East, all of which are Arab states except Iran, control 60% of the world's known reserves, and they are bargaining with increasing skill. Their income, which was $4.4 billion a year five years ago, has soared to more than $10 billion...
...their first vote, the students asked the University to oppose investment in Namibia by Continental Oil and Phillips Petroleum. Harvard owns 270,000 shares of Continental and 70,000 shares of Phillips...
...Conservatives have pointed gleefully at this year's comparative apathy; but anger at the University's support for racism abroad is not dead. The elected and presumably representative Student Advisory Committee on Shareholder Responsibility called last week for Harvard to support shareholder resolutions to get Continental Oil and Phillips Petroleum out of Namibia...
...University got its first hint of what its new proxy policy may be this week as the Student Advisory Committee on Shareholder Responsibility called for support of campaigns against the managements of Continental Oil and Phillips Petroleum...
...newspaper comment, however, there is already considerable private speculation in Brazil as to which of the dozen or so generals in the junta will be picked. The odds-on favorite right now seems to be General Ernesto Geisel, 64, who is head of the government-owned petroleum monopoly, Petrobrás. Geisel has one major advantage over other contenders: his brother Orlando is Minister of the Army and also a four-star general, which means they have eight stars between them. Geisel's business experience presumably would serve him well in guiding national economic policy...