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Danville Register in Danville, Virginia

09 Sep 1973

Page 4

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Danville Register September 9, 1973 Page 4 old newspaper archives

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This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

Danville Register

Location

Danville, Virginia, United States of America

Date

Sep 09, 1973

Page

4

Libyan takeover tests U.S. oil interests and prices

American oil groups confront new Libyan nationalization as Col Muammar Khadafy seizes 51 percent of Amaseas Oil Co. and signals a potential 30 percent price hike. The move threatens the 1972 Persian Gulf, foreign ownership phaseout accord and strains Middle East policy amid OAPEC talks.

MENTIONED IN THIS ARTICLE

Stephen Hi Miller AP Business News NEW York (Ap U.S Persian Gulf Col Muammar Khadafy Amaseas Oil Co Texaco Standard Oil of California Mobile Esso Standard Group Atlantic Richfield Royal Dutch Shell Libya Occidental Continental Marathon Amerada Hess British Petroleum Texas Nelson Bunker Hunt United States Europe Khadaly Israel Middle East Organization of Arab Petroleum Exporting Countries
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Zumwalt Faces Hard Sail After CNO Rise

Admiral Elmo R Zumwalt Jr, once history's youngest chief of naval operations, wears fatigue in a Pentagon interview as he defends reforms from Z Grams to minority expansion while warning further budget cuts threaten readiness. He notes Newport closure and budget limits strain Norfolk defenses and stresses shifts must balance efficiency with national defense needs.

MENTIONED IN THIS ARTICLE

Hy John Stevenson Norfolk Virginian Puot Washington Adm Elmo R. Zumwalt Jr Naval Operations Pentagon Zumwalt CNO Navy Naval Academy Leyte Gulf Shanghai Mouza Coutelais du Roche Dumwalt U.S. Navy Jesus Christ Hs Service Newport R.I Hampton Roads
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Saudi Arabia Qatar Abu Dhabi David Crittenden Darren Duricka New England Penn Continental Trailways Trailways Travel Bureau Corp Main St Danville Mannington Gough Gough Lumber & Supply CO Boston Rd Ringgold Dial Admiral Zumwalt Reak Cen E. Bruce Love Southwood Dudley &T Southwood Realty Dial Danville Community College Cale Slaw KING SEA Restaurant Stratford ColleGe Averetl ColleGe American National Bank Brest FDIC
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