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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Oct 14, 1977
Page
5
Standard Oil of Indiana chairman denounces the tax and calls the energy program a failed defense. Texaco opposes claims of profiteering while Gulf Oil urges production increases and notes profits rise for most majors in Q2 1977, except Exxon due to currency losses.
Fidel Castro released Maria del Carmen Ruiz, an American citizen convicted in 1964 for spying and jailed 20 years. She is among seven Americans held in Cuban prisons for espionage or crimes against the state. U S officials noted the gesture and hope the remaining six prisoners, some in ill health, may soon be freed.
California oil executive James H. Woods denounces President Carter, accusing him of inflating energy costs to fund the new Department of Energy. Woods says only 2 percent of U S sedimentary basins have been drilled, urging true replacement pricing and criticizing war profiteering claims. Citizens varied in reaction as energy policy debate topics lingered.
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