New Braunfels Herald Zeitung, February 24, 1987, Page 4

New Braunfels Herald Zeitung

February 24, 1987

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Issue date: Tuesday, February 24, 1987

Pages available: 19 - Used by the World's Finest Libraries and Institutions
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Publication name: New Braunfels Herald Zeitung

Location: New Braunfels, Texas

Pages available: 164,099

Years available: 1952 - 2013

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All text in the New Braunfels Herald Zeitung February 24, 1987, Page 4.

New Braunfels Herald-Zeitung (Newspaper) - February 24, 1987, New Braunfels, Texas Opinions Dave Editor find Publisher Jim Managing Editor Page 4 New Texas February Guest Column The return to the energy predicament By MICHAEL CANES Chief Economist American Petroleum Institute It is Woody Allen once to experience ones death objectively and still carry a We in the oil business are beginning to understand what he For it means trying to provide secure energy supplies after being severely incapacitated by events of the past The need for safe domestic energy has while the oil industry has As a the countrys energy pro spects have taken a dangerous Last crude oil prices crash and the energy markets oil production dropped 9 per cent between February and while production outside Alaska fell lower than it has since the The nation used more oil than it had since Oil imports rose 1 million barrels a and im ports from the volatile Persian Gulf region thousands of com panies in the petroleum business went bankrupt or other wise left the and hundreds of thousands of workers lost their as a new Congress many Washington policymakers in both the legislative and executive branches seem blind to the clear implication of these developments Our nation could rapidly get into an energy predica ment more dangerous than that of the When the world oil glut dries up which is already happening an increase of 1 million barrels a day in demand for imports could cause oil prices to rise by as much as a Such a rise would be a 50 percent increase from todays prices and would add to our foreign trade deficit by several tens of billions of dollars a A major oil when energy markets are could have even worse Because there are no quick fixes in the energy such a cutoff could cause a massive price shock and if it continued the worst recession in half a cen These events are not hypothetical they could happen in as little as three or four By the country could be more dependnet on imported oil than ever before ac tually importing more oil than it produced at The new Con gress and the as they debate issues vital to energy have a chance to postpone and lessen the danger or to greatly increase For in grappling with the federal budget deficit and tax Congress could recognize that its recent tax decisions have put a severe handicap on domestic oil The oil industry which has seen its profits decline or several years has nonetheless in recent years paid an effective federal tax rate twice the average of other major And last Congress added a further disproportionate share under tax Very that means less money is invested in domestic energy This Congress should stop doing It for exam remove from the books the misnamed Windfall profit tax which is actually an excise tax on domestic oil Comapnies know that this tax alone could take as much as 70 oercent of future in creases in their the companies must pass up costly ex development and enhanc ed recovery projects that otherwise would be economically the government should remove the remaining controls on the price and use of natural The United States has abundant reserves of this fuel if found and would help offset oil imports in the no matter what policies are these new petroleum sup plies will not be developed if the lands that may contain them cannot be The government should make sure that todays scaledback exploration efforts can be concen trated on the best it has been doing the op Most of the best remaining prospects lie on government and the government has been removing them from Highly promising areas off the California coast have been placed off limits year after year by con gressional And the nations best single pro spect which could rival the greatest petroleum discovery in according to the Department of the Interior is cur rently barred to and some in Congress want to lock it up That in nor theastern Alaska near the giant Prudhoe Bay oil is designated by the Interior Department as the 1002 study The industrys 20 years of ex perience on the Alaska North Slope fully demonstrate that petroleum operations can be carried out in a manner compatible with the arctic enrivonment and its For the caribou herd that some thought would be harmed by development at Prudhoe Bay has more than quadrupled since 1970 to some according to the in terior If further oil development less than 1 per cent of the 1002 study area would be affected and then only for a relatively temporary leasing of promising decontrol of natural removal of inequitable taxes or any other government policy actions that may be needed simply wont happen until Congress confronts the potential energy The Presi all branches of the and the public should begin to address the potential for severe harm from con tinuation of present trends and then assess what should and should not be done about we soon may to paraphrase Woody Alln be ex periencing a serious energy predica ment and finding it impossible in deed to carry a The nations economy and the wellbeing of its citizens could end up being terribly A Mike Royko Echoes of Selma sound so phony It doesnt seem that but more than two decades have passed since most of the country was watching a Southern city called They saw rednecked deputies on horses ride down peaceful civil rights demonstrators on a They heard and read about murders and dogs being unleashed on school So thousands of known as Freedom came from all over the country to Selma and Montgomery in Alabama to lend their presence and their support to a The cause was that of fundamental rights and Masses of citizens were being deprived of the They were told they couldnt sit at a lunch drink from a water send their children to public enter state hold public walk on public They wanted these They wanted to be free from the fear of being dragged from their homes and And if they called a they wanted the cop to protect not give them another Going to Selma was A housewife from Detroit was shot to death on a modem A New England clergymans skull was But people went and it was both a proud and shameful part of American It led to changes in the laws and in Only last an allwhite jury in nearby Mobile said the Ku Klux Klan would have to pay million in damages to the family of a black murder Twenty years a jury in that Andy Rooney part of the counrty might have recommended hanging the Ive been thinking about Selma and that era because of something that happened in Chicago this Two busloads of blacks from Selma and other parts of the South came to They came here to take part in Mayor Harold Washingtons primary to ring doorbells and get out the Thats Outoftowners often take part in local political Bigname politicians come in and endorse local Can such as former Mayor Jane Byrne hire New York sharpies to manage their The letters section of Chicago newspapers are filled with suburbanites spouting off about Chicago politics and So theres nothing unusual about as theyre called by those who dont want them taking part in a local political But what is wrong is the impression theyve tried to give as to their They came in singing and as in the days of They even called themselves Reverse Freedom And their speakers used many of the civil rights buzzwords In other it came splashing across TV as something out of the civil rights A slice of And that was as phony as a politicians If they want to ring doorbells or hand out But they shouldnt be wrapping politics with a civil rights I have to remind them that they came to a city that already has a black black police a black school a black parks boss and a city administration and City Council controlled by Its an administration that requires contrac tors to hire minority It requires a quota of black black firemen and blacks in all When I went to I think the highest ranking black municipal employee picked up And it was safer to go rattlesnake hun ting than to try to register to On election day in Chicago next nobody who is qualified is going to be told they cant vote more than There wont be any cops on horseback chasing I doubt if the many black police lieutenants and captains would Nor would bigot judges condone that sort of The record shows that Mayor Washington has won just about every legal battle over voting And when the voting is Washington will get a fair Thats how he won four years So if the visitors want to ring door they should ring But spare us the civil rights the clasping of hands and the cries of We Shall Harold Washington has already The only question can he do it again And if he thats but its what they call the democratic Everybody gets a chance to and the person with the most votes as I was what Selma was really all Beware the company memo When the president or chief ex ecutive officer of a big company issues a statement saying how well the company is you can bet the company is in big trouble or he wouldnt have The first thing these memos try to do is establish the chief as Nice wet to HOWARfW RUSSIA CW RUSSIA V Wif Hell Id like to take this occasion to share some thoughts with Or possibly hell I welcome this opportunity to speak to The literature of the company memos is a genre all its Memos are often written for the president by a minor executive who also works on writing the rosy prose for the stockholders report at the end of the year and they reflect some style of those masterpieces of sleightof To understand you have to be able to translate whats actually said into whats actually For example In the past our company has undergone significant restruc This usually means aJot of people got fired and one of the companys divisions lost so much money they got rid of We are confident that with your help we will be able to overcome the formidable This translates as well be asking you to take a cut in We have made great strides in recent the memos always Then they go on to While we have made great pro there is still a long way to What the head of the company is usually trying to tell employees is that they better brace themselves for a salary cut or some Difficult times always lie ahead in company As you know the company memo obviously not believing that you know at all or it wouldnt be telling the economy makes us particularly vulnerable to competition from out side We can no longer count on It doesnt matter but they always say they cant count on In the as in the we will continue to do It doesnt matter They always say theyll continue to do The single most popular word in the memo from the company presi dent is The company faces an unusual challenge this coming or it has already faced a series of unusual challenges in the year just The looks forward to a year of expanding growth and The times are never just or everyday times in a com pany As we face the future tunes can be demanding troubled or the difficult times in which we Sometimes they are turbulent Even though it looks as though the company is going to fire cut salaries and reduce the quality of its Our commitment is to Or We are committed to a program of If the rumor is already out that the company is going to lay people one of the first things the presi dent says is There is no truth to the There is never any truth to rumors in memos from company heads to The company may go belly up three weeks but at the time the president you can be sure theres no truth to the rumor Nothing could be further from the If the rumor of bad news has already proven to be the com pany head wants to put the whole matter into We must put this whole matter behind us as every chief executive tells you it is time for us to look to the Our greatest asset is our If you are one ol the beware the company ;