May 11, 2011 |
David Rubio stands high on a hill looking over the desert, where hundreds of white wind turbines spin in the dry air. Rubio promises that he'll soon be hiring, but the jobs won't involve those high-tech windmills. The work will be in the mine shaft beneath him, where his employer, Golden Queen Mining Co., plans to extract millions of ounces of gold and silver. "We'll be the first new mine in 20 years," he says, turning toward Soledad Mountain, where a ladder is just visible through a tunnel.
June 22, 1993 |
Lucy Smith Doheny Battson, reigning matriarch of Southern California's pioneering, petroleum-wealthy Doheny family, has died at the age of 100. Mrs. Battson died Friday at her home in Los Angeles. The former Lucy Smith of Pasadena was married in 1914 to Edward Laurence Doheny Jr., only child of Edward L. Doheny, who struck oil in Southern California and in Mexico. The couple had five children, Lucy, now of Washington, Edward III of Honolulu and William, Patrick and Timothy of Beverly Hills.
CALIFORNIA | LOCAL
July 24, 1985
Victor J. Hammer, an art dealer who with his brothers Armand and Harry founded the internationally recognized Hammer Galleries in New York City in the 1920s, has died in Lake Worth, Fla., near his Palm Beach home. He was 83 and died Sunday of heart disease. Dr. Armand Hammer, now chairman of Occidental Petroleum Corp., established the gallery with his brothers after his business affiliations with the then-infant Soviet government enabled him to purchase art treasures at a favorable rate.
July 12, 1985 |
Petroleum futures prices were lower Thursday in active trading on the New York Mercantile Exchange. A sharp reduction in crude oil prices by Mexico, the United States' biggest foreign oil supplier, put pressure on the market, said Andrew Lebow, a petroleum analyst with Shearson Lehman Bros. in New York. Mexico announced that step late Wednesday in reaction to OPEC's failure to shore up sagging oil prices worldwide. "The Mexico cut definitely influenced" Thursday's activity, Lebow said.
March 13, 1985 |
Petroleum futures prices rallied Tuesday on the New York Mercantile Exchange as concern about tightening supplies and low production encouraged buying. Nauman Barakat, a petroleum analyst in New York with Smith Barney, Harris Upham & Co., said concern that supplies are lower than year-earlier levels led to the buying. He noted that production of petroleum products, including gasoline and heating oil, has been low recently, with refineries operating at less than 75% of capacity.