Oil's Growing Demand Shifts Global Trade Amid War
Oil now makes up half of international seaborne trade. The Arab-Israeli conflict and Suez Canal closure affect world business and diplomacy. Ten years of rising demand from developed and developing nations outpace supply, with Libya Nigeria Australia and Canada expanding output while tanker sizes surge. The non-Communist world consumes 32 million barrels daily, double a decade ago.
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Bby
John Cunniff
NEW York (Ap
Middle East
Europe
Libya
Africa
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United States
Stockholm Taxi Drivers Offer Free Coffee to Passengers
AP reports Stockholm taxi drivers launch a be nice to the customer campaign giving coffee coupons with fares. Half of the city's taxi fleet will issue coupons, with plans to expand if successful.
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Stockholm
LBJ surtax debate shifts as August launch eyed
Administration sources insist the 6 percent surtax remains alive with an August push anticipated after budget deficits widen. Analysts note cautious business activity, rising consumer income, and savings growth. Rayonier and Owens-Illinois discuss merger talks amid tax and legal review, with alternatives under consideration.
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New York
Johnson
LBJ
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