Treasury Hurriedly Predicts Higher Oil Windfall Rev
The Treasury Department raises its five year oil price decontrol forecast to 94 billion dollars in gross revenue for oil companies, up from 65 billion, as ceilings on domestic prices lift. A windfall profits tax plan surfaces ahead of House debate. Deputy Energy Secretary O Leary also says a 10 cent gas tax could fund synthetic fuel development.
MENTIONED IN THIS ARTICLE
Washington
Treasury Department
Treasury
Emil Sunley
Energy
John F. O'Leary
Congressional Joint Economic Committee
Fires and heat push Southern California to smoggiest day
Brush fires across Riverside San Bernardino and Los Angeles counties scorched over 6000 acres and harmed four firefighters as temperatures climbed above 100 and hit 120 in Palm Springs. Officials activated an emergency plan to curb emissions and driving while predicting today will be the year’s worst smog day due to a stagnant inversion layer.
MENTIONED IN THIS ARTICLE
Los Angeles
California
Riverside
San Bernardino
Desert
Palm Springs
Jeff Schenkel
Air Quality Management District
Byrd Heads to Moscow to Seek Senate Stamp on SALT II
Senate Democratic leader Robert Byrd plans a trip to Moscow to inform Soviet leaders that the Senate will add its approval conditions to SALT II. Republican leader Howard Baker vows to oppose the pact unless amendments are considered. Byrd urged patience as hearings begin July 9 and cautioned against rushed judgments.
MENTIONED IN THIS ARTICLE
Washington
Senate
Robert C. Byrd
Moscow
Howard H. Baker
White House
Soviet Union
Byrd
Baker
Andrei Gromyko
COIN Program Urges Consumer Strike Over Inflation
Washington reports COIN a coalition of consumer, labor, religious and senior groups calls for a one day consumer strike this fall to press for anti inflation measures. Ralph Nader and Alfred Kahn speak as COIN unveils a 100 page program focusing on energy, food, housing and health care costs.
MENTIONED IN THIS ARTICLE
Washington
Ralph Nader
U.S
Vietnam
COIN
Alfred Kahn
Kahn
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Ies Rossnnow
Sometke
Balsela
Waitevese
Hercules
Dupont
Mitchell Shopping
Aiken, $.C
DU Pont
Member
FDIC
SNC
Cablevision
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