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Independent in Long Beach, California

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Articles on This Page

This newspaper page contains 5 articles. Subscribers can read the full text of each article.

Newspaper

Independent

Location

Long Beach, California, United States of America

Date

Aug 22, 1974

Page

4

Oil price hike failed to boost oil production

The GAO report concludes a $1 per barrel price increase approved by the Nixon era Cost of Living Council did not raise crude output. It notes insufficient evidence that higher prices would stimulate more production and cites windfall profits for oil companies with no tax action taken.

Washington General Accounting Office GAO Donald M. Fraser Dminn Treasury George P. Shultz Cost of Living Council CLC Addi Institute

Nader Seeks Meeting With President Ford

Consumer advocate Ralph Nader urges an appointment with President Ford, saying he aims to open channels between the White House and citizen groups. He notes past presidents avoided meetings with him and hopes for access within three weeks.

Washington UPL Ralph Nader White House Nixon Johnson Ford Nader UPI

Solar bills move to White House for research funding

Washington UPI reports the House approved two compromise bills authorizing research into solar power for home heating and cooling and geothermal power for commercial use. The measures authorize a total of 60 million dollars over five years and were sent to the White House.

Washington UPI House White House

Four oil firms repay overcharges in FEA action

Washington AP The Federal Energy Administration says four oil companies Conoco Charter Ashland and Koch have repaid a total of 58.2 million in alleged overcharges. Each firm was ordered to remediate specific amounts and all have complied with the remedial orders announced Tuesday after an agency audit in the first half of the year.

Washington Federal Energy Administration FEA PRA Conoco Charter Ashland Koch

FTC bans pyramid marketing citing risk of deception

The Federal Trade Commission ruled to ban outright pyramid marketing schemes used to sell cosmetics and apparel. The plan pays recruiters with income shares or flat fees, creating strong incentives to recruit and sell goods. Symbraette Inc. of Scotts Valley, along with Koscot International and Holiday Magic, faced action for pyramiding tactics. If upheld in court, the decision could allow the FTC to shut down pyramid schemes by proving they are pyramids.

Washington Federal Trade Commission Symbra’ette Inc Scotts Valley Calif Koscot International Florida Glenn W Turner Holiday Magic William Penn Patrick California Symbraette

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