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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Jan 23, 1974
Page
12
Secretary of State Kissinger said success in Middle East negotiations could lift the oil embargo before the 40 day disengagement ends. He cautioned the U.S. would stay involved if the pact fails, stressing no new U.S. guarantees were made.
Cities Service Co reported fourth quarter 1973 profits of 42.1 million dollars or 1.62 a share, up from 28.1 million and 1.08 a share in 1972. Exxon was set to disclose its figures at a New York news conference, as oil firms face embargo and energy pressures.
Sen. Henry M. Jackson says the Nixon energy proposal may roll back prices on domestic oil output and tax excess profits by oil firms. William E. Simon could order the rollback. stripper wells producing under 10 barrels a day may require new legislation.
Congress weighs multiple energy measures as the emergency bill seeks power to ration fuel. Other proposals fund a 1980 energy self sufficiency goal with a 10 year 20 billion dollar research push and deregulate wellhead natural gas prices. Naval reserves tapping and deepwater port projects await action amid party and regional opposition to excess profits limits.
Local groups list events for today and tomorrow including chess clubs at Virginia Acres and North Augusta Rec Center, Knights of Columbus at Spaulding Drive, and optimist meetings. Tomorrow features Aiken County Hospital Auxiliary, Kiwanis, Senior Men's Club, bridge, DAR, clothing drives, and a vasectomy clinic with contact for appointments.
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