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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - February 28, 1972, Lethbridge, Alberta i-ehiuoiy 58, Hit ItlHBRIDGE HtRAlD 15 Petroleum price increases likely fly IllVIMi C. hit consumers from and l.beir i Camuliaii Press Jliisin'-ss British Columbia i n c r e a s e d earlier There is areas served bv a Ihat nnothcr round of price n-creases in petroleum prodncls crude oil. The ca.slcni provinces, higher price for gasoline, healing and diesel fuel resc likely within a purl nC Ontfirm. are gasoline, in Ilie The increases, if Ihey by crude of the country followed increase in Ihe price of from i kinking of taking cheap poi- producers wlrj claim their cmisc for your heallh? fast This it; basically "A LONDON (AP) Thinking of laking a cheap cruise an enormous lunch, vjou- ami ]ong-lerm picture smoking away the aflc-rnoon ;sn-i heuor as far as outs your heallh? and doing their thing in a dis- i consumer is Some of the inexpensive package-lour c r a i s c s at 1 a.m." lie adds: "In ilieir Campeau, president of Pelrnlina Canada Lid., says Si nore like ''army a s s a u II courses Uian restful lour operalors lend In depict the ships are of pell-oleum products will continue lo creep upward at hotels. It is begins tapping its t So says Dr. John Carter, the medical professional reserves in Ihc former ship's physician, wri -ing in the British that this Ls not Mm 1 says Quebec refineries arc at Ihe mercv of Sout.ii A i ournal. Middle Kasl nations Carter. on cheap Mediterranean del continually demanding an ever-greater lax share of ma in one reccnl year, savs need to be young and fit lor lhal kind of life on the oil cxporls. Mr. Campeau says fore lie says patients with (Renter) Foods hearts often are put in parties won an cabins without porlholes licre when income find themselves laboring approved a cut in three flights of stairs because Ihcre are no 1972 defence budget. Illd'CasCS II also isn't good. Carter The oppo.s.lion forced the ,CP) _ says, for "purple-laced, overweight sexagenarians lo a IXJNCUU UIJL 5 1 Foods Ud increased net income >ar.anieiilary proceedings Mr 1 w s, a esli Ihe year ended Dec. a c o m p r o m i s c wilh 5.2.401 ,4.15 or (lie government agreed a share during the a 2.791 h i 1 1 i o n -y c period. I deposit fcr new air-i craft, including the firsl preliminary earnings an v. ore based on sales of 1 jet fighters being built here ior tnft. up from U.S. licence. frai revised defence budget of President A. .1. E. Child 467.fi billion-yon is.17.fl mil- all divisions of the company Mion) has yet lo he approved by shoucd gains in sales and at parliament. ul oil from Ihc Canadian norlll vill be more expensive than importing crude nil. Bui cffccl of lapping this largc influeneu world prices, enabling Quebec rcfiner- 'o hold Ihc hue on prices. Tile extensive and expensive rush lo locate and develop new reserves in Canada is also im- portant for several olhcr rea- ms. First, Canada is using oil faster Uian il is finding new re- Prodiiclion from the rich Athcrla fields in 1971 far oulslripped new reserve discciv erics for Ihe second successive I Second. Canada needs new lo protect its United SULes market, sh.ce Canada is .n the unique position ol being both an importer and exporter LOOKS TO CANADA A report from Ihe U.S. inte- rior department says full reali- zation of Canada's ci' potential may hinge on Canada's wish for of industry balanced agp.inst the gr-owing need for foreign capital. Hie reporl says "large in- :ases" are foreseen for oil imparts lo meet U.y. demands and "Ihe U.S. provides a natu- markel for Canadian e." Even with development of Uie Alaska slope field and steady domestic production, the U.S estimates it need lo import eight million barrels a day of foreign petroleum by more t t-han tn-ice as much as now. The U.S. looks lo Canada as an "important unknown for fu- lure oil development." Canada, meanwhile, the frantic search for new reserves continues. Al latest count there were more Ilian 200 drilling rigs at work, the highesl since mid- Gordon: Canadians TEll GORfJON STIO. MAItlK. Out. (CIJ) Walter (iordon warned Canadians lodny Hint bolorc long they arc (o lincl out U have been 'On the lie saul, "ue htUi- k'cn Iiv pleasant people, bill pcojjli- who ilnps KimirU-r. niul more lar-.siphleil than ;mr- selve.s In ;ui In llir annual nieoliiiK the Saull nl Onlario Credit rnion Lltl., Ihe Toronto t'cor.omisl and fanner Libenil nnm lor (if finance said have far loo much power ami influence over economic ami cnllural aflair.-, Mr. tiardon, crilical of tin? ft i tt il for no) Career choice spurs students EDMONTON iCP) A len- Lilive career choice made dur- ing early school years would motivate m.'iny students lo learn, delegates lo the Greater Edmonton Teachers Conven- tion were lolcl. Dr. Rupert Evans, professor Oil sands deal hit bv Russell LONG DISTANCE makes the wgrow fonder Phone tonight 6 J f GI (CP) Tlic Al- bcrla govenimenl should have Imposed stricter conditions on approving a S500 million prn- jccL in the Athabasca oil sands, prcvincial Liberal leader Bob Russell says. Tbe.se conditions would lijux1 ensured that Albci'ians be able lo woi'U on and >n the oil-recovery planl is beinp buill by Syncrude Can- ada Ltd.. be said in a preparer! slatenicnt. "Not only should Alhcrtan? bn given firsl options on B h a r v but Ihe government should insist that shares issued by Ihc be held in trust fur purchase by Albcr- lans nl a laler dale.'' Tliore also should be guaran- tees thai produchon from Ihc syncrude will be process- ed in the province or directed to Ihe development of second- ary industry, said Mr. Rus- sell. ol and edu-: cation ;il Ihe LnivL-rsJh of II-: liiiois. t.-iid thai sludenls should IUM be dis con raged from mak- 1 siifli a choice. "II is to tell students I 10 poviixine thoughts of a cy- rccr choice until laic ariolc.s- said Dr. IL v a n s. i "Tlu'ro nothing more pitiable! than a student leaves school no though!