/ TIME: Almanac 1993 / TIME Almanac 1993.iso / time / 110590 / 1105205.000

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|00000050| 42 55 53 49 4e 45 53 53 | 2c 20 50 61 67 65 20 35 |BUSINESS|, Page 5|
|00000060| 32 01 01 22 57 65 20 47 | 61 76 65 20 61 74 20 74 |2.."We G|ave at t|
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|000000b0| 75 70 20 62 69 67 20 70 | 72 6f 66 69 74 73 0d 0a |up big p|rofits..|
|000000c0| 0d 0a 0d 0a 20 20 20 20 | 41 72 65 20 6f 69 6c 20 |....    |Are oil |
|000000d0| 63 6f 6d 70 61 6e 69 65 | 73 20 72 69 70 70 69 6e |companie|s rippin|
|000000e0| 67 20 6f 66 66 20 74 68 | 65 69 72 20 63 75 73 74 |g off th|eir cust|
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|00000110| 20 63 72 75 64 65 20 73 | 65 6e 64 73 20 71 75 61 | crude s|ends qua|
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|00000180| 67 20 4f 69 6c 20 69 73 | 20 75 73 69 6e 67 20 74 |g Oil is| using t|
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|00000220| 72 6f 73 65 20 73 68 61 | 72 70 6c 79 20 69 6e 20 |rose sha|rply in |
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|00000240| 62 65 72 20 71 75 61 72 | 74 65 72 2e 20 41 74 20 |ber quar|ter. At |
|00000250| 50 68 69 6c 6c 69 70 73 | 20 50 65 74 72 6f 6c 65 |Phillips| Petrole|
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|00000280| 74 6f 20 24 31 37 38 20 | 6d 69 6c 6c 69 6f 6e 2e |to $178 |million.|
|00000290| 20 55 6e 6f 63 61 6c 27 | 73 20 65 61 72 6e 69 6e | Unocal'|s earnin|
|000002a0| 67 73 20 77 65 72 65 20 | 75 70 20 35 33 25 2c 0d |gs were |up 53%,.|
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|000002c0| 2e 20 54 68 65 20 4a 75 | 73 74 69 63 65 20 44 65 |. The Ju|stice De|
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|00000560| 2c 20 6f 72 20 36 35 25 | 20 68 69 67 68 65 72 20 |, or 65%| higher |
|00000570| 74 68 61 6e 20 74 68 65 | 79 20 77 65 72 65 20 6a |than the|y were j|
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|00000e00| 6f 6d 70 61 6e 69 65 73 | 2c 0d 0a 73 75 66 66 65 |ompanies|,..suffe|
|00000e10| 72 65 64 20 61 20 70 72 | 6f 66 69 74 20 73 6c 75 |red a pr|ofit slu|
|00000e20| 6d 70 20 6f 66 20 32 39 | 25 2c 20 74 6f 20 24 33 |mp of 29|%, to $3|
|00000e30| 37 39 20 6d 69 6c 6c 69 | 6f 6e 20 66 6f 72 20 74 |79 milli|on for t|
|00000e40| 68 65 0d 0a 71 75 61 72 | 74 65 72 2e 0d 0a 0d 0a |he..quar|ter.....|
|00000e50| 20 20 20 20 4e 6f 6e 65 | 74 68 65 6c 65 73 73 2c |    None|theless,|
|00000e60| 20 63 6f 6e 73 75 6d 65 | 72 20 61 64 76 6f 63 61 | consume|r advoca|
|00000e70| 74 65 73 20 63 68 61 72 | 67 65 20 74 68 61 74 20 |tes char|ge that |
|00000e80| 73 6f 6d 65 20 6f 69 6c | 0d 0a 63 6f 6d 70 61 6e |some oil|..compan|
|00000e90| 69 65 73 20 61 72 65 20 | 68 69 64 69 6e 67 20 74 |ies are |hiding t|
|00000ea0| 68 65 69 72 20 70 72 6f | 66 69 74 73 20 61 6e 64 |heir pro|fits and|
|00000eb0| 20 64 65 6c 61 79 69 6e | 67 20 74 68 65 69 72 20 | delayin|g their |
|00000ec0| 77 69 6e 64 66 61 6c 6c | 73 0d 0a 74 68 72 6f 75 |windfall|s..throu|
|00000ed0| 67 68 20 69 6d 61 67 69 | 6e 61 74 69 76 65 20 61 |gh imagi|native a|
|00000ee0| 63 63 6f 75 6e 74 69 6e | 67 20 6d 65 74 68 6f 64 |ccountin|g method|
|00000ef0| 73 2e 20 53 61 69 64 20 | 45 64 77 69 6e 20 52 6f |s. Said |Edwin Ro|
|00000f00| 74 68 73 63 68 69 6c 64 | 2c 0d 0a 74 68 65 20 65 |thschild|,..the e|
|00000f10| 6e 65 72 67 79 20 70 6f | 6c 69 63 79 20 64 69 72 |nergy po|licy dir|
|00000f20| 65 63 74 6f 72 20 66 6f | 72 20 43 69 74 69 7a 65 |ector fo|r Citize|
|00000f30| 6e 20 41 63 74 69 6f 6e | 3a 20 22 57 65 27 72 65 |n Action|: "We're|
|00000f40| 20 6c 69 6b 65 6c 79 0d | 0a 74 6f 20 73 65 65 20 | likely.|.to see |
|00000f50| 73 6f 6d 65 20 66 61 74 | 20 70 72 6f 66 69 74 73 |some fat| profits|
|00000f60| 20 69 6e 20 74 68 65 20 | 66 6f 75 72 74 68 20 71 | in the |fourth q|
|00000f70| 75 61 72 74 65 72 2e 22 | 20 54 68 65 20 6f 69 6c |uarter."| The oil|
|00000f80| 0d 0a 63 6f 6d 70 61 6e | 69 65 73 20 64 69 73 70 |..compan|ies disp|
|00000f90| 75 74 65 20 74 68 61 74 | 20 63 68 61 72 67 65 2e |ute that| charge.|
|00000fa0| 20 22 49 74 27 73 20 61 | 6c 6c 20 74 68 65 72 65 | "It's a|ll there|
|00000fb0| 20 69 6e 20 6f 75 72 20 | 65 61 72 6e 69 6e 67 73 | in our |earnings|
|00000fc0| 0d 0a 73 74 61 74 65 6d | 65 6e 74 20 66 6f 72 20 |..statem|ent for |
|00000fd0| 65 76 65 72 79 62 6f 64 | 79 20 74 6f 20 73 65 65 |everybod|y to see|
|00000fe0| 2e 20 54 68 65 72 65 27 | 73 20 6e 6f 20 68 6f 63 |. There'|s no hoc|
|00000ff0| 75 73 2d 70 6f 63 75 73 | 2c 22 20 73 61 69 64 0d |us-pocus|," said.|
|00001000| 0a 4d 69 63 68 61 65 6c | 20 54 68 6f 6d 70 73 6f |.Michael| Thompso|
|00001010| 6e 2c 20 61 6e 20 41 6d | 6f 63 6f 20 73 70 6f 6b |n, an Am|oco spok|
|00001020| 65 73 6d 61 6e 2e 20 45 | 76 65 6e 20 61 73 20 74 |esman. E|ven as t|
|00001030| 68 65 79 20 70 61 79 20 | 6d 6f 72 65 20 66 6f 72 |hey pay |more for|
|00001040| 0d 0a 66 75 65 6c 2c 20 | 63 6f 6e 73 75 6d 65 72 |..fuel, |consumer|
|00001050| 73 20 73 68 6f 75 6c 64 | 20 74 61 6b 65 20 63 6f |s should| take co|
|00001060| 6e 73 6f 6c 61 74 69 6f | 6e 20 69 6e 20 74 68 65 |nsolatio|n in the|
|00001070| 20 65 66 66 65 63 74 20 | 6f 66 20 74 68 65 69 72 | effect |of their|
|00001080| 0d 0a 67 72 69 70 69 6e | 67 2e 20 49 66 20 6e 6f |..gripin|g. If no|
|00001090| 74 20 66 6f 72 20 74 68 | 65 20 70 75 62 6c 69 63 |t for th|e public|
|000010a0| 20 73 63 72 75 74 69 6e | 79 2c 20 67 61 73 6f 6c | scrutin|y, gasol|
|000010b0| 69 6e 65 20 70 72 69 63 | 65 73 20 77 6f 75 6c 64 |ine pric|es would|
|000010c0| 0d 0a 6e 6f 20 64 6f 75 | 62 74 20 62 65 20 68 69 |..no dou|bt be hi|
|000010d0| 67 68 65 72 2e 0d 0a 0d | 0a 0d 0a 42 79 20 4a 61 |gher....|...By Ja|
|000010e0| 6e 69 63 65 20 43 61 73 | 74 72 6f 2e 20 52 65 70 |nice Cas|tro. Rep|
|000010f0| 6f 72 74 65 64 20 62 79 | 20 54 68 6f 6d 61 73 20 |orted by| Thomas |
|00001100| 4d 63 43 61 72 72 6f 6c | 6c 2f 4e 65 77 20 59 6f |McCarrol|l/New Yo|
|00001110| 72 6b 20 61 6e 64 0d 0a | 52 69 63 68 61 72 64 20 |rk and..|Richard |
|00001120| 57 6f 6f 64 62 75 72 79 | 2f 48 6f 75 73 74 6f 6e |Woodbury|/Houston|
|00001130| 2e 0d 0a 0d 0a 0d 0a 0d | 0a 0d 0a 0d 0a 0d 0a    |........|....... |
+--------+-------------------------+-------------------------+--------+--------+