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New Braunfels Herald-Zeitung (Newspaper) - March 15, 1983, New Braunfels, Texas World HiraldZtltmtf March 1983 OPEC reaches accord Cartel cuts price experts doubt it will work LONDON AP OPEC oil ministers wrapped up 12 days of bargaining with an agreement to cut oil prices by nearly 15 percent and restrict production to keep them But many energy analysts doubt the historic plan will The main threat to the accord announced Monday is the likelihood that the Organization of Petroleum Exporting faced with declining demand for will continue to lose customers to more flexible exporters outside the ranks of the This OPEC strategy is not a strategy that can deal with a shrinking said John an energy specialist at Citibank in New If the market doesnt strengthen then this agreement doesnt make any World demand for oil has steadily dropped in recent partly because consumer nations have adopted conservation measures and resorted to alternate energy The 13 OPEC ministers announced after a marathon sixhour negotiating session that 12 of them had agreed to reduce the base price by a reduction of nearly 15 The move was the first such cut in the cartels 22 year It was in response to price cuts three weeks ago by nonOPEC producers Britain and followed by OPEC member which competes directly with the British and Norwegians for petroleum sales in a cartel said it disapproved in principle of cutting but that it would an nounce its new prices Other OPEC members said they had not decided when they would reduce their though most are expected to make the cuts retroactive to At a the OPEC base price is at its lowest level since when it averaged a Mexico announced Monday that it will follow OPECs lead and lower the price for its topgrade Isthmus crude from a barrel to and its heavier Maya crude from to Mexico generally follows the cartels pricing Mohammad the Iranian oil told a news conference the OPEC strategy for stabilizing oil prices was not Jeopardized by his countrys un willingness to sign the price cut Iran did accept the productionsharing part of the which sets an overall production limit of million barrels a Several other including Sheik Ahmed Zaki Yamani of Saudi said they were certain the agreement would reverse the downward trend of oil prices that has threatened to break up the Many analysts doubt that all 13 members will be able to resist offering secret discounts for their oil in order to boost Iran and Libya reportedly have been discounting for It was the steady and unexpectedly long decline in world oil demand that has depressed OPEC sales and complicated the cartels efforts to agree on production It agreed to such a system in March 1982 but the deal fell apart within four months after several members including Iran and Libya began selling as much as they Price cut may not mean additional savings NEW YORK AP OPECs first ever price cut does not guarantee further reductions in what consumers pay for gasoline and home heating oil retail prices might even climb a few industry analysts Barring a collapse of the cartels agreement on crude oil prices and prices at the gasoline pump will the analysts Some said the bulk of the price reductions for petroleum products may already have The Organization of Petroleum Exporting Countries announced agreement among its 13 member nations Monday to reduce its ben chmark price for crude oil to a barrel from and limit production to million barrels a But with world oil prices on the spot market at about a analysts said OPEC was merely recognizing that its posted prices had been Charles an analyst at the investment firm of Sanford Bern stein said that if the price and production agreement prices for petroleum products should stabilize and then might climb 2 cents to 3 cents a gallon monthly for two or three months late this The consumer will not get any added benefit from this unless wholesalers become convinced the cartel will not stick to its Cahn OPEC members must not just convince each but the consuming world as William an oil industry analyst at First Boston an investment said OPECs decision would not have much of an impact on prices for petroleum There could be a few more cents a Mideast talks go on deadlock continues WASHINGTON AP negotiators trying to get Israeli troops out of Lebanon are returning to the Mideast after highlevel talks here with both sides apparently failed to break a deadlock on key Although some progress was reported after Mondays the two sides are unable to agree on whether Israel should exercise responsibility for security along Lebanons border with officials Israel insists on keeping some military force in southern Lebanon Lebanon insists that all Israeli troops must Secretary of State George Shultz had met separately with Israeli Foreign Minister Yitzhak Shamir and Lebanese Foreign Minister Elie Salem in hopes of breaking the deadlock in the 10weekold But all sides agreed more negotiations in Lebanon and Israel are They will resume in the Middle East Thursday with I believe we will get an Shamir said after his third meeting in two days with I cannot say it is very but I believe we will get an officials said additional discussions might be held before Shamir leaves Washington later Shamir also met with President Reagan Monday and afterward quoted Reagan as saying Its time we stopped talking about each other and started talking to each Shamir claimed to reporters that after a total of nine hours of talks with Shultz the United States now had a better understanding of Israels Much more understanding in the United States about our position concerning Lebanon was achieved and this understanding will find its expression in the negotiations bet ween the parties which will continue in the But he didnt answer directly when asked whether an agreement on a troop withdrawal was any nearer as a result of the talks which Israel had These were conversations between the United States and Israel and not he We have not negotiated on all the details because that was left to the negotiators in the He said that in deciding on a troop withdrawal Israel wants to see clear evidence that the Syrians and the Palestine Liberation Organization want to Shultz has said Syria has agreed to withdraw when the Israelis do and that the Palestinians probably would leave with But Shamir ob viously has Shamir also said Israel would op pose having an international peacekeeping force provide security in southern Lebanon as a substitute for the Bozo burglar acquitted DETROIT AP A 22yearold accused of burglarizing a school last Halloween while dressed as Bozo the Clown has been acquitted by a who said the man probably lacked the proper criminal Police officers Michael Fromm and Charles Thorns testified during Ralph Coopers twohour trial Monday that they answered a call about a possible burglary at the school An alarm was ringing when they but no doors or windows were they Shortly Thorns looked toward the roof and saw a man dressed in a clown outfit falling toward the The officers found the man snoring and smelling like a Fromm A television set and several notebooks were found next to the Cooper said he had gone to a party and didnt remember much af Recorders Court Judge Henry in finding Cooper said he didnt know how Cooper got to the top of the He probably doesnt know how he got up there Heading Considering his he probably could not entertain the proper criminal gallon out but I wouldnt look for Randol Trilby editor of the Lundberg a gasoline industry said OPECs clout as an oil provider for the United States has with its share of imports slipping to 42 percent last year from 70 percent in The produces a large share of its own There is no guarantee that the abarrel cut would be passed on to American she We may find out in retrospect that we have had either all or part of our price The average price for all grades of gasoline has dropped to a gallon from about last July and a peak of nearly in March ac cording to the Lundberg Letter survey of gas The average price was a gallon in mid On the New York Mercantile Ex gasoline for April delivery rose cents to close at cents a gallon While that was up from it was off from the cents a gallon of before the collapse of the previous round of OPEC Time running out on embattled jobs bill WASHINGTON AP Tem porary action by the Reagan ad ministration to avert a midnight deadline that had threatened unemployment benefits in 27 states is giving the Senate more time to resolve a dispute over a multibillion dollar Jobs But senators are using the extra time to turn the antirecession already grown more costly than a Housepased into a grab bag for unrelated More than 35 amendments remained to be handled by the Senate including measures ranging from withholding taxes and sewer grants to San Francisco cablecar El the Environmental Protection Agency and weather Senate leaders searched for ways to keep the measure from becoming hopelessly bogged down but did not seem to be making much Weve got to finish this Senate Majority Leader Howard cajoled colleagues on The which as a result of amendments adopted Monday now bears a pricetag of also contains money needed to subsidize unemployment benefit payments in 27 the District of Columbia and the Virgin These funds were to expire at midnight but with a little jiggling of accounts and emergency loans of million to the states the Labor Monday delayed least until the Department on the crunch at That bought the Senate a little extra time but not Baker said for all practical purposes the bill must still be enacted by tonight if a final recon ciling differences between it and a billion House is to go to the president by weeks The biggest obstacle remained an amendment by Bob to repeal the withholding tax on interest and President Reagan has declared he will veto the bill if it contains the Kasten which is favored by banking interests and which Kasten claims has nearly 60 Senate So Senate leaders have been unable to figure out a way to disentangle the withholding tax amendment from the Jobs And even if they succeed on parlimentary there is a good chance that Kasten will offer it again to the carefully crafted Social Security rescue bill We would like to keep it off the Social Security said a Baker aide who did not wish to be quoted by Kasten told reporters he wasnt about to give up his battle on the jobs unless he could be promised a vote in the coming weeks on a separate bill on the withholding And that is something Senate leaders until now have been reluctant to promise Weather Local temperatures High today will be in the mid low tonight near and a high Wednesday near This mornings low was and yesterdays high was Lake level Canyon Lake registered at this the same as yesterdays Texas A Pacific front pushing into West Texas brought scattered showers and thundershowers to the state and created dense fog along the coastal where a travelers advisory was The storm line preceded the front from Southwest Texas northeast into the upper Some showers later today could become severe over the Hill Country and northern and southern A travelers advisory continued until midmorning for fog which dropped visibilities to near zero along the upper Texas A small craft advisory has also been posted for the coastal with winds expected to increase to near 30 mph today from the Temperatures remained mostly in the 50to 60 degree with the extreme east and western edges in the Readings should turn much colder in the Panhandle today and over the state tonight and Rain is predicted for most of the state with possibly locally heavy rainfall over South Texas forecasts North Texas warm Scattered possibly developing western portion by this afternoon spreading into central portions by Tonight turning colder with rain and scattered some possible Wednesday rainy and Highs today mid 70s to low Lows near 40 northwest to mid 50s Highs Wednesday mid 40s northwest to low 60s Deaths Myrtle Schwamkrug Services for Myrtle Schwamkrug of 2093 Kuehler were at 3 Tuesday at Doeppenschmidt Funeral The Howard Thrift of New Braunfels and burial will be at 2 Wednesday in Forest Park Lawndale in died on March at her The daughter of Frank and Louella nee Bishop she was born on in Porter She later married Charles who preceded her in She was a a member of First Baptist and lived in New Braunfels since about She also belonged to the Red Cross Comal County Home Demonstration New Braunfels Music Garden and was a charter member of the New Braunfels Art She is survived by three Carolyn Ridley of Daisy Doyle of and Ester Seeligson of Memorials may be given to the American Heart Nelson Fayette Services will be at 1 Wed nesday at Doeppenschmidt Funeral Home for Nelson Fayette of Route Box Canyon Anthony Drozd of Canyon Lake will and burial with full military honors will be at in Fort Sam Houston National died at March at his The son of John and Mae nee Tyo he was born on in New On in he married Aileen nee Stewart He was a retired director of the Texas Board of Par dons and and also retired from the Army as Chief Warrant He was a World War II and Korean War a resident of Comal County about four and was affiliated with the Catholic Survivors include his Aileen Fayette of Canyon Lake a Valerie Mahler of San Marcos three Kenneth Ulliback of Richard Fayette of Colorado and Gerald Fayette of San Antonio three Viola Miranda and Bernadette both of and Rita Bates of two Clete Fayette and Leo both of and nine grand Memorials may be given to the American Heart Calendar of Events Government City Arts and Cultural Com mission 7 City downstairs meeting Planning and Zoning Commission City Hall Council NBISD Board of Trustees New Braunfels High School CISD Board of Trustees Central Organizations New Braunfels Art League 7 Civic New Braunfels High School symposium Drugs Causes and 7 TOPS Take Off Pounds Sen sibly 7 Laurel Plaza Recreation Rhythm Squares River Bend New Braunfels Iris Society First Federal Savings and American Association of Retired Persons 9 Senior Citizens Four Seasons Garden Club 10 home of Janie 1214 Canyon Lake Republican Women Scarborough Church in the United Methodist Women Lenten Wesley Rotary Club noon Eagles Horoscope By STELLA WILDER MARCH 15 Born you are one of those unassuming in dividuals who if he does not learn to blow his own be destined never to receive the recognition to by talent and he is You are amusing in the main and therein lies much of your For to amuse others is not necessarily to impress them with either your intelligence or your emotional both of which you possess in You have a basic restlessness that may keep you from settling down until well into middle Deeply you nevertheless find it difficult to express You have a habit of assuming that others do not or cannot feel as you do and scorn you if you were openly af Also born on this date are Andrew President Mac Donald actor Harry To see what is in store for you find your birthday and read the corresponding Let your birthday star be your daily MARCH 16 PISCES 19Marcb 20 A little self advertising would do you a great deal of good But dont overstate your ARIES March 21April 19 Let your own friendly nature smooth the way for you today as you attempt to launch a new TAURUS April IDMay 20 You may wish at least to consider a new method of operation in order to get an old project moving GEMINI May 21June 20 A major purchase may prove Reconsider where your moneys going make a new plan of CANCER June 21July 22 Invest in your own A special purchase puts you on the right road to personal LEO July 22 Information concerning a new project is forthcoming if you will ask your questions in the right VIRGO 22 A getrighquick scheme backfires Rescue what you can in the way of material goods and LIBRA 22 You can erase the doubt from anothers mind concerning your ability to do a job if you are quick and SCORPIO 21 A romance may sour suddenly and leave you with few emotional resources to fall back Recover your SAGITTARIUS 21 Build a new basis of operation on the employment Be willing to take a back seat CAPRICORN 19 You may fail in your first purpose gains made in fringe area should be enough for you AQUARIUS You should be able to make your way with relative ease especially where new projects are
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