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Lethbridge Herald Newspaper Archives

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The Lethbridge Herald (Newspaper) - January 9, 1974, Lethbridge, Alberta 40 THE LETHBRIOOE HBRALD WwkMMMtay, January 9, Alberta oil and gas industry has more to offer than energy EDMONTON (CP) Al- berta's oil and gas industry has more to offer the world than just energy out of the ground, says Newton Hughes, president of Oil Patch Equip- ment Ltd. "We are entering the second phase of the oil he said in an interview. "Right here in Edmonton we are now producing equip- ment and expertise that can be used in the new oil develop- ing areas of the world. "It is now our turn to go forth and present our technological abilities and manpower expertise in other areas." Mr. Hughes pointed to the unique equipment designed by Alberta oil-tool firms for spe- cialized use in local con- ditions, sub-Arctic problems and now the special demands of the North Sea The equip- ment was designed to avoid lost time on the rig because of breakdowns. "When you start down the hole and you're a couple of thousand miles from anywhere, equipment must work, work right and keep on working. "None of this stuff about a week down-time or delays be- cause the tool has to go back to head office for rebuilding." Mr. Hughes is not an oilman in the traditional sense. WORKED F6R BROKERS He started work as a news- paper copy boy in Edmonton during the depression and later went to work with Brokers James Richardson and Sons. He stayed with them except for war service, to become a stock broker invest- ment counsellor and executive in Winnipeg and Toronto. He "retired" in 1971. But the lure of business was deep and businesses showing Organ Recital Thursday, January p.m. St. Augustine's Roman Catholic Church Taber, Alberta Barry at the Rodgers Columbian 75 Organ sponsored by THE PIANO CENTRE 313-Tth St. S., Lethbrldge No Admission Charge Phone 328-2663 Everyone Welcome what he considered to be the greatest promise were right in his old home town of Edmon- ton. "My investment counselling years at Richardson were mainly aimed at the oil and gas industry. It's what I know best and Edmonton is where the action is." So at the age of 57 he took on the presidency of Oil Patch equipment. "This is a risky business and as it broadens out for Alberta firms in the international oil and gas play it will take careful considerations by our executives and he said. But Mr. Hughes is a risk- taker. His career has always been one of financial odds- maker. GETS HARDER It's getting harder every year to show a good return on investment capital put in oil and gas exploration. "Look at it this way- Twelve or 15 years ago... punching a hole in the ground cost about which is about 50-some-odd cents a barrel in return costs. "Punch a hole in the ground today and it runs near'y 10 times the old cost, or about a barrel in return cost." If Alberta's specialty in- dustries are going to grow and reach for international markets, they will need the help of a rational approach by government, Mr. Hughes said. "We use steel, special kinds of steel. We're not a big enough industry to warrant a steel plant in Alberta yet. But let us grow and we'll need that plant, then we will not be tied to long distance importing and all the problems that go along with it." FARMERS FLY Some Prairie farmers over- come the vast distances be- tween their farms and com- munities by using airplanes Pipeline applications delayed EDMONTON (CP) Applications for permission to build a natural gas pipeline down the Mackenzie River Valley from the Arctic to the United States Midwest have been delayed another two months, a spokesman for Canadian Arctic Gas Study Ltd. said here. Earl Grey, chief public af- fairs officer with the firm, a 28-member consortium said in a telephone interview from Toronto that the delay is not a result of any specific problem with the project. "It's just taking us a little longer to put things together than we first estimated." Mr. Gray said: "there has never been an application before involving 180 million worth of studies and research." He said completion of some studies relating to the pipeline was taking longer than an- ticipated. The firm is seeking to lap major gas reserves at Prudboe Bay on the north slope of Alaska and in the Mackenzie River delta. It originally had planned to make applications in late December or early January. It was believed it would not be ready to apply to appropriate government agen- cies until late February or March at the earliest. It must obtain permission from two Canadian and two American federal bodies before construction can begin on the billion project. Approximately' million has been spent by the consor- tium for studies of pro- ject'i environmental ttnpact on wildlife and Arctic In addition have been extensive sUtdtoi -ofiMCIO- economic engweer- mg terrain, finance and NEWTON HUGHES STREET SALT HARD ON ANIMALS TORONTO (CP) A spokesman for the Society for Animals in Distress said yesterday there has been a "dramatic increase" in dogs and cats suffering from sore feet and stomach pains because of salt on the streets. And a Toronto lawyer has recommended pets wear rubbery boots to protect their feets. Society president Alan McGinn said 65 dogs and six cats have been brought to the clinic in the last two weeks, their owners complaining their pets have to walk the sal- ty streets and sidewalks. "The results is soreness on the animal's footpads and then the animal licks the salt and gets a gastric (acid) Mr. McGinn said. He recommended pet owners wash their animals' feet with warm water when they come home from a walk c the winter dry spell a great humidifier bu Sears. 99 Save 4" 69 h-Reg. Humidifier with signal light. Select the numidity level you want for s automatic- ally maintained by the automatic humidistat featured on this console model With water level indicator on panel, plus signal light, automatic shut-off when refill is needed Water wheel system with 2-speed and 1100 rpm Walnut tone vinyl bonded finish for rich woodgram look Save 2" 26 99 k-Reg. Kenmore 2-heat radiant heater. Large size instant neat 'an-torcea heater Clean and economical Features tnermostat with deluxe shoe bar Control neat levei switch gold-colour nonevcomb steel cnli 1500 watts Save 1" 14 99 m-Rog. Kenmore fan-forced heater. Portable infra-red heater with just 6 Ibs With thermostat dial, 6' cord, gold-colour grill 1320 watts Sears at you howl Simpsons-Seers Ltd. and Open daily from 9-30 a.m to 5-30 p.m Thursday and Friday 9 30 a.m to 9-00 p m Centre Village Mall Telephone 328-9231 This 5-way deluxe music system has big name quality Ri jt the nrice is still low! With an AGS stereo tuner and Garrard record changer 15998 You're bound to enjoy the tremendous value of this 5-way deluxe music system by two well-known component manufacturers, almost as much as you'll enjoy the quality sounds. The system features an AGS solid state FM and FM stereo with sep- arate rotary controls for bass, treble, balance and volume, AFC to lock in stations and digital channel read-out. Built-in 8-track tape player plays automatically or manually with the program changer button. Full size Garrard automatic record changer has cueing lever and dual needles. Includes heavy duty 6" widerange speakers. Molded base and smoke colored acrylic dust cover. AAAAA wVvYWvvN A A 90 9? 96 100 I 104 106 108 TAPE PLAYER 17" stylish slimline e-Gives 15% more viewing area han 16" set' Does it in style, j too, with slim lines. And special circuitry fights picture roll and flutter from power surges. A two-tone Grey case. 20" portable 100% solid state, slide control tuning, Instant Start, 185 sq in view, area Reg 98 169 98 Sears Support Big Brother Week Jan. 6 to 12 BE A BIO BROTHER ______________________Simpsons-Sears Ltd "Shop by phone. Call 328-9231 Free delivery." at you get the finest guarantee nw and free delivery Open daily from 9 30 a.m to 530 p.m. Thursday and Friday a m to 9-00 p m. Centre Village Mall Telephone 328-9231 ;