Australian Left Review

Abstract

Fortune magazine (May 1975) in its yearly review of the 500 top U.S. Corporations said: “Oil, inflation and recession, had – not surprisingly - a lot to do with the record turned in by the 500 largest industrials in 1974. The combination of enormously higher prices and only slightly lower consumptions gave a fantastic lift to the sales, profits and rankings of the oil companies.” Median profits for oil rose 39.6 per cent for the year.

Share

COinS
 

To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.