OPEC Raises Oil Prices For Largest Jump In Five Years
In Geneva the OPEC cartel boosted base crude to 18 dollars from 14.55 and allowed surcharges up to 2 dollars, with top grades reaching 23.50. The move aims to stabilize markets amid shortages and long U.S. gasoline lines, but critics warn higher costs will lift consumer prices. Analysts expect most OPEC oil with premiums to sell around 21 to 22 dollars per barrel.
MENTIONED IN THIS ARTICLE
Geneva
Switzerland
OPEC
United States
Organization of Petroleum Exporting
Carter
Alfred Kahn
Saudi Arabia
Libya
Ahmed Zaki Yamani
United Arab Emirates
Qatar
Nigeria
Algeria
Yamani
Carter doubles Indochinese refugee intake at summit
At the summit of seven major powers in Tokyo President Carter announced the U S will admit 14 000 refugees a month from Vietnam and Cambodia up from 7 000. France Britain West Germany Japan Italy and Canada pledged to increase refugee aid and resettlement efforts and asked the U N to convene a Geneva conference in mid July to address the worsening crisis.
MENTIONED IN THIS ARTICLE
Carter
France
Britain
West Germany
U.S
Japan
Italy
Canada
Vietnam
Cambodia
United Nations
Geneva
Higher Oil Prices Spark Dems Push on Windfall Tax
Washington Democrats press approval of a tougher windfall profits tax as OPEC raises crude to 18 to 23.50 dollars a barrel and Carter lifts domestic price controls. Rep. Ullman cites billions more in oil company profits and warns GOP reaction may slow domestic oil exploration.
MENTIONED IN THIS ARTICLE
Washington
House
al Ullman
Dore
Ways and Means Committee
Geneva
Organization of Petroleum Exporting Countries
Ullman
Carter
U.S
Salliesaen
Friday Showers and Sun Mix With Weekend Storms
Weather outlook shows Friday showers or thunderstorms into Saturday with highs in the 70s to mid 80s and nightly lows in the 50s to 60s. East is partly sunny with a chance of storms. west faces lower 80s. tonight sees widespread showers and storms and 60s for lows. Saturday forecasts more showers and storms with highs in the low 80s. In other news the National Coal Association urges limiting government involvement in coal conversion, backing private synthetic fuels production with guaranteed purchases and prices. Standard 601 Co. of Indiana will pilot gasohol in Iowa next month as Amoco-marketed gasolene expands later to more states. Del Clyde Richey of Morgantown failed to appear for a grand jury indictment hearing on sexual assault charges. a warrant was ordered. Skylab’s demise date moves up with a 50 percent chance of reentry by July 13. Space agency notes the station remains in near circular orbit.
MENTIONED IN THIS ARTICLE
National Coal Association
NCA
Board of
Carl Bagge
Congress
Bagge
Standard 601 Co
Indiana
Iowa
Standard of Indiana
Amoco
Del
Clyde Richey
Monongala
Kanawha County
Jonn Hey
James Roark
Richey
Morgantown
Space Agency
Space Laboratory
Stacy Files For New Trial In Wife Bombing Death
Curtis Stacy filed a motion for a new trial in Roanoke alleging coercion into his April guilty plea to the bombing death of his wife Patricia on May 19, 1978. He received a 40 year federal term. Stacy argues inadequate counsel. judge ordered the government to respond within 60 days. Stacy had previously written a letter saying his wife was killed by another man.
MENTIONED IN THIS ARTICLE
Roanoke
Curtis Stacy
Stacy
Patricia
Carl McAfee
Norton
Mus
James Turk
Morgan Scott
U.S. Attorney’s Office
McAfee
U.S
Ted Dalton
Federal Penitentiary
Lewisburg
Fell Geged
Grundy
State Shutdowns and Fuel Shortage Forecast Across WV
Massive shutdowns and exhausted fuel stocks were forecast as West Virginia stations brace for what officials expect to be the worst weekend of the current fuel shortage. Major dealers warn 70 percent may close Saturday and over 95 percent Sunday, with supplies scarce until midweek.
MENTIONED IN THIS ARTICLE
Charleston
W.va
Bill Bell
West Virginia Gasoline Dealers Association
Marvin Gray
Associated Press
Gray
Jeff Herholdt
State Fuel and Energy Office
Clarksburg
Maryland
Virginia
Carter Demands US Energy Self Sufficiency After Oil Hike
President Carter denounces OPEC price increases costing the world and urges Congress to fund billions for alternative energy to end dependence on imports. Gasoline allocations will rise in affected areas, with prices projected toward a 23.50 ceiling. OPEC sets new sliding scale effective July 1 through year end, largest rise since 1973 74.
MENTIONED IN THIS ARTICLE
Tokyo
Carter
OPEC
Congress
United States
Saudi Arabia
Qatar
Uae
Europe
Japan
Also Mentioned on This Page
Mecklenburg County
N.C
Clifford Belk
Paw Creek
Belk
Wingate
North Carolina
Walter Mondale
America
Demos
Moore-Jones
Gasphol
Richey Warrant
Skylab
West Virginia
George Keller
Surrey
Butch Pennington
Martinsburg
Herholdt
Pennsylvania
Pennington
Kentucky
Baltimore-Washington
Dick Thornburgh
Ohio
Ohio Automobile Club
Wade Specs
Johnny Belcher
Bluefield
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