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Lethbridge Herald Newspaper Archives

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Lethbridge Herald {Newspaper} - 1974-01-23,Lethbridge, Alberta Wediwedey, Januvy S3,1t74^THE LETHMIOQE HHAL0~21 Trudeau says Ottawa committed to agaiat Oil sands must be tapped with interests of West in mind HENRY KISSINGER Oil may I low again WASHINGTON (AP) -The unrestricted flow of Arab oil to the United States may resume in less than two months as a result of the Egyptlan-Israeli troop - disengagement agreement, State Secretary Henry Kissinger indicated Tuesday. “I have every reason to believe that our success In the negotiations mark a major step toward ending the oil embargo,” Kissinger told reporters. He laid out no specific timetable, but he said: “I think in more ambitious terms,” when asked whether the boycott end is linked to the final implementation of troop separation along the Suez canal. Kissinger’s report was one of several optimistic signs on the subject Tuesday. At a news conference in Igiers, President Anwar Sadat of Egypt indicated that the Arabs should alter their oil embargo against the U.S. because Wash- By VICTOR MACKIE OTTAWA - Prime Mlnlst« Pierre Trudeau itated emphaUcal^ to the energy coufereDoe Mre Tuesday that the federal goveminent it “committed to assist in the developmmt of the Alberta oil sands.” Ottawa is committed to their development in a manner which not only will assure national energy supplies, but will also use oil sands develcyment as a lever to encourage the diversified industrial growth of western Canada, said the prime minister. “Energy is truly a strat^c resource—and we have in Canada a truly strategic reserve in the oil unds of Alberta. The oil sands must be developed with the interests of the west aod aU of Canada in mind." said Mr, Trudeau. Last week the Alberta government announced that it has committed 1100 million to new research in the extraction of oil from tar sands. When he made the announcement Premier Peter Lougheed said “This is an Alberta effort ess«itially. We feel we have the responsibility to explore and develop the sands because of our es* tablished lease position." He declined to talk about the conditions under which the Alberta government would accept money from Canada, when the annoupcement was made in Edmonton. The 9100 million represmts about six per cent of Albota’s annual budget. It will be spent nver five years to find ways to extract oil from the sands which are too for the present strip-mining method. Mr. Trudeau said all would agree that a provincial government should receive a “reasonable price” for its resources, particularly if those resources are limited and a great deal of money is needed by the province to develop further aources for the future. “But would it be reasonable for a province to receive continulDg revenues which would give it the capacity to spend, in proportion to its population say, three or four say times as much, as other provinces? Questions of this kind go to the very heart of our federal system,” said the prime minister. It was for these reasons, he said, that the conference was not dealing ^lely with oil because of the sudden crisis that lias bit the western world, but the first ministers must also concern themsdves with the nature of the Canadian community. He said all memben of that federal cammunity bad the responsibility to dc something about inequalit) among its people. He agreed that the ol. producing mMibers of the community were entitled to t “reascHiable price”. But bow to define a “reasonabh price"? Or is there not some obligation to consider the cos of producing the energy ii Canada? During the afternoon ses si(Mi Energy Minister D«ial< Macdonald spelled out th> deUils of the federal pn^osal It immediately aroused questions and protests from many of the premiers as they press* ed for more details and explanations. Finance Minister John Turner warned that the whole complex system of equalization to benefit the have-not provinces in Canada was threatened by the energy crisis and the soaring prices. He outlined the dangers and warned the premiers of the pitfalls. The prime minister set out a number of “major propositions" to whidi he said his government subscribed. He warned that if Canada is not, within a few short years, to be at the complete mercy of the international market for oil it must move at once to develop frontier and non-conventional oil sources such as the Alberta tar sands as soon as possible. These sources lie off the eastern coasts, in the far north and in the western tar sands. In Canada's search to become self-reliant in oil and gas huge sums will have to be invented over the coming yelrs, probably at an average of more than $3 billion a year ington “has adopted a new poliOT” in tiie Mideast. “There is^a significant, though not total, change," Sadat said. “For every change in the American position, it is necessary for the Arabs to make an identical change toward the United States." MEIR WINS APPROVAL In Israel, Premier Golda Meir won parliamentary approval for her agreement to pull Israeli forces back from the Suez canal, clearing the way for separation of the Egyptian and Israeli armies to begin Friday. The agreement signed bst week says Eg^t and Israel must complete the disengagement within 40 to 60 days. The process is expected to start Friday. This means Arab oU can be on the way to the United States no later than the end of March. And Kissinger appeared to signal a much earlier resumption when he answered “Yes" to the question: Do you expect the embargo to be lifted before the agreement is carried out? Some state department officials said the resumption of oil deliveries may be tied to the withdrawal of Israeli troops across the Suez canal from Egypt into the Sinai. The sources said certainly the end of the embargo will not come before the Israeli pullback over the waterway. “One could be the consequence of the other,” an official said. He said Saudi Arabia, leader of the oil boycott, must have some tangible development in the way of an Israeli action that the Arabs can claim as victory before it would agree to the resumption of oil supplies. Although-optimistic, the secretary injected words of caution and warning in his first news conference sinre returning from his peacemaking Middle East trip. “Failure to end the embargo in a reasonable time would be highly inappropriate and would raise serious questions of confidence in oUr mind,” he said. However, when asked whether American force might be considered to overcome a continued boycott, Kissinger responded? "I don't think the embargo will go too far." The secretary opened his news conference by taking a question on the role of the United States in enforcing or otherwise guannteeii\g the Israeli-E^tian troop settlement. “We are not guarantors in the sense of formally enforcing" the agreement Kissinger responded. EATOÌNPS HOMEFUnMBHIIMBS Continues with additional value*. Re-check the Eaton tabloid filer delivered „tc^ sMiir/iome. Item» in the flier still available where stocks permit. “Westtieia arapenes — so easy to care for 24» pair 75” wide, 63” long. 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White pnly Sizes approximate “Justine” embroidered tergal sheers 24” Pleated to covet: 75" X 64" ..... 100" K 84" . . 150" X 84" 100" X 95" .. . 150” X 95” 1».*9 M.»< 41.M SMB •■eh Seamless French tergal polyester voile curtains with 11" embroidered and scalloped hem. Rod pocket heading, weigfited comers. Hand wash, drip dry. White only, 70"x84". 70"x95” ..............25.99 Drapencs, Seconc) Floor asmi Viking horizontal freezer with 259-pound capacity 169” Pack your freezer with potential savings when buying specials or in bulk. 7.4 cubic foot freezer stores and freezes up to 259 pounds of food. Complete with one basket, plus lock and key. White only. Low-price laundry mates with vil(ing dependability Viking Frost-Free refrigerator 329®® Wathtr 309 99 Dryer 199*» ISIS the last word in Shoppins Cpnvenience whit* 13.5 cubic foot model features 109 lb. freezer storage compartment. 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