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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 1, 1973, Lethbridge, Alberta The LetHbridge Herald THIRD SECTION August 1973 PAGES 27- TO 36 Saudis may out back oil flow SYRIA By JOHN K. Christian Science Monitor Underneath sandy dunes lie some of the world's richest oil deposits. SUMMER FASHION PRICE fse Beffy Shop Fashion Account f .-V 4 W v xT-a. This week of the Betty Shop. 7. a gigantic move-out of hundreds and hundreds of Summer Fashions... Dresses Short Dresses... long Dresses... Maternity Dresses Pant Suits... Jackets... Volumes of Sports and Casual Separates... Shop now while selections are goodl Open Thursday and Friday to 9 p.m. LEBANON' ISRA1 IRAN Saudi Arabia Faisal and his top advis- ers will probably make some crucial decision during the next six months on future levels of oil production in Saudi Ara- bia. The smooth functioning of the West's especially that of the United may hinge to a very large degree on these decisions. It is clear after a week of talking with top Saudi techno- the some of the American oilmen working that it is the king himself who will make the critical de- Shall the Arabian American Oil Company Sau- di Arabia's U.S. owned pro- ducer in which the Saudi king- dom now has a 25-per-cent continue its phenomenal- ly fast expansion from producing around K million barrels of crude oil daily now up toward a possible 20 mil- lion in If it rising needs in the U.S. where about one barrel in 10 of crude oil comes from Saudi Arabia with this raised to about one barrel in 5 by -1980 might be largely met. for both economic and political will Saudi production increases be cut back from their present rough- ly 30 per cent yearly increase to only 10 per or even frozen at present Either of the two final event- especially the would immediately drive up increase and aggravate the psychological cli- mate surrounding the U.S. energy real or imagined. Soon there will be meetings of the king's high petroleum advising him on these decisions. It's chairman is his Prince Fhad ibn Abdel second dupty prime minister and minister of interior. MEMBER Its other members include Omar minister of state for foreign Sheikh Ah- med the oil Hisham president of the Central Planning Organiza- tion. Also Finance Minister Muh- ammad Abal Anwar the Pakistani born governor of the Saudi Arabian Monetary the king's Prince Saud the deputy oil and Abdelhadi governor of the state oil and minerals affair Petromin. Since Mr. Saqqaf feels the brunt of outside Arab criticism for Saudi Arabia's pro-Ameri- can he is also most exposed to Arab calls for use of oil as an arm against the U.S. and Israel. Consequently. Sudi sources he feels pro- duction should be cut il Wash- ington is unwilling to show more balance in its Mideast policy. Most tough-minded of but for economic rather than po- litical is Finance Min- ister Khail. He favors freezing not because of Is- rael but simply bscause Saudi Arabia cannot spend over 60 per cent of its present annual worth about billion. SOLUTION The California train- ed planning Hisham Naz- seems to favor a middle per cent increase. He must soon draw up planning targats for the period beyond 1975 when the present five-year plan ends. are trying to do too he says. economy simply cannot absorb more. Sixteent housand new telephone lines were planned for Jeddah and Riyad each. We had to jump to to meet the need. We estimated 40 new boys primary schools and 50 girl schools last year. we opened 79 boys schools and 98 girls schools. Oil Minister the Harvard and ARAMCO-trained oilman and tells friends that Saudi Arabia has a moral obligation toward the West to continue despite harmful effects on Saudi Arabia. But he and Abdeliiadi Petromin make it deai- that crude oil customers are far more welcome if they bring manufacturing know-how and marketing capability to Saudi Arabia. five pre- dicts Mr. Petromin have its own independent marketing he will reduce power of the individual oil and will be brought into more direct con- tact with producers. The con- sumers will then be competing more keenly among themselves lor U'DAN REE OF EGYPT KUWAIT SAUDI ARABIA i Persian Gulf UNION OF ARAB EMIRATES OMAN SOUTH YEMEN Good Humor Great for snacks or ready easy to serve family desserts. TOASTED ALMOND toasted almond coating around smooth vanilla STRAWBERi SHORTC Crunchy f lavoufwl cate coattog over la ofWawberry and creai smooth Drip vanilla ifie cr H CHOCOLATE ECLAIR Two separate colum ns of chocolate fudge surrounded by rich creamy vanilla ice cream and a heavenly flavoured coating of chocolate and crunchy vanilla THE FIRST DESSERTS ON US 15'Off Nr 0nic-Upft X IMS ky dutww tfHit pnMM rf aw fick NtlW 1 pif jot 15 cintl 3 emit AHDukp to rMMfttyi irtr dlw MiMBtMUfcM Mwn M to WIT ill OH YOUR PURCHASE Of A OF GOOD HUMOR TOASTED ALMON0. 1 CHOCOLATE ECLAIR OR STRAWIEINir SHORTCAKE COUPON ;