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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 16, 1974, Lethbridge, Alberta Monday, December 16, 1974 THE LETHBRIDGE HERALD 9 U.S. oil firms curb plans to build new refineries WASHINGTON (AP) Oil firms in the United States are sharply curtailing their plans to build new refining facilities because of industry concern over economic conditions and government policies. Increased domestic refining capacity is considered a key to any strategy aimed at energy self-sufficiency, but in recent weeks a number of oil companies have cancelled or postponed plans to build new refining facilities. The Federal Energy Administra- tion conducted three days of hearings into the problem earlier this week. "Government, with its per- vasive, conflicting, ever- changing regulations, is un- doubtedly the greatest single deterrent to refinery expan- sion in the continental limits of the United said Walter Famariss, president of the American Petroleum Refiners Association. Fred DunnestecTt, vice- president of refining for Exx- on Co. U.S.A., says that the combination of inflation, price controls, allocation regulations and reduced de- mand has left the oil com- panies with profit margins that "are clearly inadequate to justify the higher level of investments and operating costs faced by refiners plann- ing new facilities." INFLATION BLAMED Last month, Mobil announc- ed cancellation of its planned expan- sion of Paulsboro, N.J.; citing False ad jail "spiralling inflation and declining oil demand." Other firms which have can- celled or postponed refinery projects include Atlantic Richfield, Gulf, Pennzoil and Murphy Oil. Only in New England, where there are no refineries, does there seem to be any en- thusiasm for refinery construction. "There are favorable economics for construction of refining said Herbert Sustek, a member of the New England Energy Co., venture seeking to construct a petroleum refinery in San- ford, Me. That enthusiasm apparently is based on the belief that things couldn't be worse than they are right now In New England where fuel bills are the highest in the U.S. as a result of the region's heavy dependence on imported petroleum products. Home heating oil shortage to hit midwestern states WASHINGTON (AP) Families in the upper midwest could find themselves with a severe shortage of home heating oil as the result of Canada's plan to end oil exports. Minnesota and Wisconsin would be hit particularly hard. Within the same period, motorists in the area might find themselves in long lines at gasoline stations, reminiscent of the gas- oline shortages of 1973. Elsewhere in the country, home heating oil might cost two to four cents a gallon more and gasoline prices might be. higher as crude oil is shifted to ease the upper midwest's shortages. Those are some of the possible consequences of the Canadian government's proposal to halt oil exports to the United States after 1982, ,says Bill Home of the House Republican Conference. Home is directing a study of in response to the Canadian decision. The study is being done for Republican representatives John Anderson of Illinois, Philip Ruppe of Michigan and Bill Frenzel of Minnesota; and Democrats Bob Bergland and John Blat- nik of Minnesota. The Canadian oil is vital to the upper midwest, particularly Minnesota, Wisconsin, Illinois and Michigan. To a lesser degree, Iowa, North and South Dakota and Indiana would feel the effects of a cutoff. Of barrels of Canadian oil exported daily to the U.S., go to the region. Of that, barrels are shipped to five refineries in Minnesota and Wisconsin that do not obtain crude oil from any other source because a Canadian pipeline is the only tran- sportation system into the area. The conference is studying possible alter- natives to the Canadian cutoff. One is to take a hard line with the Canadians. Exhibition records profitable year EDMONTON (CP) The Edmonton Exhibition Association chalked up another record year in 1974, reporting a net profit of on its operations. This year's profit represented an increase of over 1973 and more than tripled the 1972 take. However, the association's annual meeting was told that a mounting capital debt on the new Coliseum would go a long way towards retiring 1974 profit, with interest alone amounting to a day. By the time the Coliseum is officially opened in May, its cost will exceed million, million more than exhibition officials have obtained from the federal and provincial governments. "Our biggest problem in the coming year is going to be association presi- dent Harry Hole told the meeting. Wheat deal expected TORONTO (CP) Federal Trade Minister Alastair Gillespie says that Canada may sign a wheat deal with Iran in 1975. "We could be doing billion worth of business a year with Iran in five years if we can gear up he said in an interview following talks with Amir Abbas Hoveyda, prime minister of Iran. Iran is interested also in building pulp and paper plants, heavy water plants and in buying Canadian Stol aircraft, he said. term pleases authorities By GLENN SOMERVILLE twoyear jail term hand- ed out this week to a Dartmouth, N.S.. man for false advertising pleased regulatory authorities in the cor- porate affairs depart- ment trying to crack down on the offence. It is only the second time a court has impos- ed a jail term for viola- tion of the false and misleading advertising provisions of the Com- bines Investigation Act. The other term was for only one day. Earlier this year, Cor- porate Affairs Minister Andre Ouollet criticized low fines and small penalties normally assessed for violations and called on Canadian judges to follow U.S. judge? in handing out exemplary fines and jail sentences. An official in the department's trade practices branch said Thursday he believes the courts are taking "an extremely serious view" of offences, reflected in a trend to higher fines for con- victed violators Of 81 misleading advertising charges laid so far in 1974, the department says, 61 Picture yourself as second quarter millionaire TICKETS FtiOM THE THE WESTERN CANADA LOTTERY More ih.in in total prizes1 1908 lucky people will win1 Tiqket sales close January 15th. 1975 Preliminary Draw January 31st. 1975 fines have been levied, ranging up to with a significant number for or more. The Wednesday deci- sion in Halifax County Court involved a charge laid April 27, against James Steven O'Brien of Dartmouth. He advertised in the April 24 edition of Weekender, a maga- zine distributed by the Dartmouth Free Press, that his was the only company that could re- pair a particular brand of television without re- quiring customers to waif weeks without a television set. The ad was referred to the corporate affairs department April 26 by the local Better Business Bureau, and the Halifax office of the justice department laid charges of false and misleading advertising against Mr. O'Brien. The corporate affairs department does not have its own lawyers to prosecute misleading advertising charges, and relies upon the justice department to do so. Evidence collected against' Mr. O'Brien showed he had neither a repair shop nor trained personnel to service televisions and was un- der suspended sentence for a prior Criminal Code violation. The fine was levied in a judgment handed down June 11 against Dominion Stores Ltd. of Toronto, charged with false ad- vertising relating to hockey helmets. There were three 000 fines, with the rest scaling down to as low as for a Montreal innkeeper convicted of falsely advertising free television for guests. But the charges laid do not reflect the volume of complaints about advertising re- ceived by the corporate affairs department. The annual report of the director of investigation and re- search under the act shows the department opened files on complaints in the fiscal year ended March 31. Only 110 were referred to the attorney general for prosecution and 72 convictions were ob- tained. Legislation introduc- ed in the Commons in October revising the act to broaden prohibitions against misleading advertising and restric- tive trade practices will add to the volume, department officials suggest. The proposals, which have received second reading and are awaiting detailed com- mittee study, would make an offence any misleading represen- tation, whether on a dis- play, in a store, delivered, by mail or even by telephone or by door to door salesmen. Tremendous Savings on All Maytags in Stock! Act Now! We must make room now for new Maytags. Big savings on all discontinued models. Full Factory Warranty. We'll install or take them home in the crate. Maytag Washers There's never been a better time to own a Maytag washer. Prices have been chopped on all models Look at just some of the features you'll find on every dependable Maytag washer! Permanent Press and regular fabric cycles Multiple water level settings Multiple water temperature settings Zinc coated steel cabinet with tough acrylic enamel finish Family size porcelain enamel tub with Power Fin Agitator Attractive brushed metal trim Maytag Halo of Heat Dryers The dryer that gently drys your clothes. Save on a famous Halo of Heat dryer. You'll never see lower prices. Choose from electronic control, auto-temp or time control. Every Maytag Halo of Heat dryer offers; Permanent Press, regular and air fluff cycles Famous Maytag Halo of Heat drying eliminates "hot spots" Large porcelain enamel drum with easy to clean lint filter Zinc coated steel cabinet with tough acrylic enamel finish Choose from gas and electric models. Maytag Dishwashers "The one to buy in the first place." That's the Maytag dishwasher. Every model on sale now. Choose from three built-ins and two convertible portables. Look at just a few of the features every Maytag Dishwasher offer: Full Size upper lower high velocity spray arms plus center post spray 3 level scrubbing eliminates pre-rinsing Unique racking-dishes and silverware on top Miro-Mesh filter Maytag Dependability the most important feature of all! LETMBRIDGE APPLIANCES MAYTAG CO. LTD. 905 3rd Ave. S. Phone 327-4456 ;