An economic term to describe the inputs that are used in the production of goods or services.
Unions are working toward helping workers attain a better life.
1.The Trans-Arabian Pipeline Company was a company created as joint venture by Standard Oil of New Jersey, the Socony-Vacuum Oil Company, the Texas Company and the Standard Oil of California in order to run and build the Trans-Arabian Pipeline.
2.Basically it shut down due to various political and economic reasons. The part of the pipeline was after the six-day war under the control of Israel, but they allowed it to function. The constant bickering over transit fees between Syria, Saudi Arabia, Lebanon and the pipeline breakdowns as well as the development of bigger oil tankers led to the closing of the portion of the pipeline. Saudi Arabia closed the rest after Jordan supported Iraq in the first Gulf War. The company became the subsidiary of Aramco and as the oil stopped flowing Aramco closed the subsidiary.
