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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - August 2, 1973, Lethbridge, Alberta Augutt 1973 THE LETHBRIDGE HERALD 25 Members of the Commonwealth leaders of most of the 32 Commonwealth nations art represented at an eight-day conference that began in Ottawa today. The Queen made a return trip to Canada to open the meeting. Among the miss- ing is aging Jomo Kenyat- ta of Kenya who now travels only in his own country. Controversial Idi Amin of Uganda also had not shown up. And Indira of who vis- ited Canada in says she would be absent be- cause of pressing business at home. Members of the Commonwealth Western Samoa Fiji' -Tonga LesothfiS Swaziland New Zealand Sears Pick your features. Rck your price with a Kenmore. Kenmore Deluxe range White Automatic oven Controlled variable broil Visi-Bake oven window High-speed oven preheat Infinite lift-out elements Timed appliance outlet. Min. minder floodlit panel Removable oven drip bowls and storage drawer recessed porcelain top 'Sculptured7 Woodgrain handles With self-basting rotisserie With Continuous-dean oven and rotisserie. Color Mora Economical Kenmore Spacesaver range. 204 Automatic oven. plug-out elements. Controlled variable boil. Hi-style oven window. White Color More Microwave Ovenr Only Charge it on your all-purpose account We service what we coast-to-coast Satisfaction or money refunded Major Simpsons-Sears Ltd.- et Simpsons-Sears you get the finest guaranlea satisfaction or money refunded end free delivery STORE Open Daily from a.m. to Thurs. and Fri. a.m. to p.m. Centre Village Mall Telephone 328-9231 Oil firms face suit The U.S. car monster is almost insatiable NEW A biUion anti-trust suit in the name of consumers was filed in United States District Court in Brooklyn against five major oil and gasob'ne corporations. The two corpora- tions and an charge that the oil companies have restricted refinery frozen independent marketers out of business by price restricted imports of gaso- line to produce an artificial and made'agreements with foreign governments which provide for excessive payment for crude oil supplies. As a the complaint al- price of gasoline at retail have risen the defendants have reaped large and excessive profits and the consumers have suffered se- The defendants are the Gulf Oil Corp.. the Exxon Te- Shell Oil Co. and Mobil Oil Corp. NEW YORK There is no monster like it any- where on earth. It is a vehicular monster spread across the United States and it has grown so big there is trouble feeding it. Every major industrialized city of the world has its own traffic but in the U.S. the over-all traffic pic- ture is even grimmer. There are about 118.6 mil- lion motor vehicles in the the Highway Users Fed- eration including nearly 97 million 21.2 million trucks and buses. They speed over the 3.5 mil- lion miles of U.S. roads faster than of the vehicles on superhighways go- ing more than 60 miles an hour. The faster you the more fuel is and the con- sumption for all these ve- hicles is than 6.8 million 42-gallon bar- j rels a day. j This consumption went up seven to nine per cent in the first three months of but now has settled down to a rate of between four and six per cent a year. Since gasoline is refined from crude those who con- trol its production are the keepers of the fuel pipeline. Seven oil companies control the world's petroleum in- five of them based in the United States. There is not much room left for the in- dependents. CAUGHT IN7 SQUEEZE There is ample evidence of stations closing down because they were unable to get enough gas to stay in busi- ness. One smaller retailer of home-heating fuel told house- holders to pay their bills on time because the company he buys from wants to be paid io days after delivery. Some out of business because their -tanks went dry. The major producers said simply they could not get enough crude oil last winter and spring to refine into gaso- line and diesel fuel to meet the demands of the growing wheeled society. They went by the quota system in many and the independents were among the first left out in the cold. Refineries outside the U.S. found they could or did not want feed the growing monster in the U.S. at the risk of their own growing do- m e s t i c needs. Canada clamped down hard on gaso- line exports to protect her own and prevent a rash of station closings. SUPPLIES RATIONED Stations were forced to ra- tion worth in one in- seven to 10 gallons in another to customers. the big oil companies are spreading the message that because of the careful use of fuel by drivers and the availability of more crude to be the shortage may be eased because of the addi- tional supplies. great gasoline short- age seems suddenly to be eas- says the Wall Street Journal in a survey of the sit- uation. Not says the New York Daily News after a detailed check of the New York-New Jersey where there are more cars than anywhere on earth except California. The Daily News reports no sudden gusher in the Greater New York where traffic jams are the big gas eaters. we have the newspaper asks. in- dicates it is Many station operators in the two-state area said that as a result of the shutdown of scores of stations for lack of the demands on those still open are much while fuel allotments remain the same or less than last year. As a they many stations will continue to be closed on weekends or in mid- week and informal gas ratio- ning is likely to be extended at least through the summer. Attorney-General Louis Lef- kowitz of New York state says he is his in- quiry into whether the short- age was contrived to boost prices and drive the independ- ent dealers out of business. Some critics claim the oil companies created the short- age to convince Americans of the need for the Alaska pipe- line and more offshore drill- ing. But the New York inquiry may take months since some of the oil companies are re- luctant to supply detailed in- formation of their business operations in a highly-com- petitive field to the state In- vestigator. U.S. Representative Henry a Wisconsin Democrat and sort of watchdog of the oil said the U.S. shortage is only two per cent and is being exaggerated by the major companies to re- duce competition. His conclusions are based on a report made by Library of Congress experts who esti- mated the shortage at about barrels a day. By Gene Fawcetta BETTeaBATTfAY ELECTRICS ARE. STILL MAKING PROSRESS. THE LATEST ISA CAR POWERED BYA NEW KIND OF HYORATE-THAT DBIVES IT OVER 100 MILES AT60 MPH AND CAN BOOST IT FROM ZERO TO 4O IN 10 SECONDS THE MAKER CtAIMS AND RANGE IS NEAKf ;