Word: petroleum
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...American Petroleum Institute Manhattan...
Dual-Purpose Engines. For Detroit's automakers, the ideal solution would be for oil companies to produce unleaded gasoline at present high-octane ratings. That would require the oilmen to build many new refineries, which would cost their industry about $4 billion, according to the American Petroleum Institute. That cost would be passed on to the consumer in higher gas prices-perhaps 20 per gal.-atop the extra cost of pollution-control devices on the car. By contrast, unleaded gasoline at lower octane ratings can be produced with relatively little changeover or cost by the oil companies, and with...
...companies using its pipeline, apparently believing that this would subject them to intensified Arab threats. The only major non-Arab producer in the area so far is Iran, and some of its oil might trickle into the Israeli pipeline. But major drillers of Iranian oil -British Petroleum, Shell, Gulf, Jersey Standard-also operate in Arab countries and are not likely to risk their concessions by openly doing business with Israel. The Israelis, however, are obviously getting oil from somewhere...
...fuel oil. Because Maine was underdeveloped and had good ports, Occidental Petroleum Corp., Atlantic Richfield and Atlantic World Port each proposed to build a refinery near Machiasport. Another company, King Resources, acquired 300 acres on Long Island in Casco Bay, where it planned to build a huge oil-receiving and storage terminal. At first glance, the projects looked like a bonanza. But few Maine residents rejoiced wholeheartedly. The state's famous thick fogs and treacherous coastal waters made oil spills from tankers a probability-and a potential disaster to Maine's fishing and tourism industries...
...eleven companies that have interests in Nigeria, the best-placed is a combine of Shell-British Petroleum, which in 1967 was producing 500,000 bbl. a day. The company suffered the largest damage, and in 1969 spent $125 million in reconstruction. SAFRAP, the French state oil company, is probably in the shakiest position, since Paris backed the Biafrans with arms and cash. When SAFRAP tried to contribute money for relief, it was rebuffed by the Nigerian government...