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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - June 14, 1973, Lethbridge, Alberta Some questions are being asked Is gasoline shortage artificial? COMMON NAME The Bank of England, founded by William Paterson in 1694, is popularly known as the Old Lady of Threadneedle Street. TnurMay, June HARVEST OFTEN Alfalfa, North America's chief leguminous forage plant, may be harvested two to six times a year. LONG WINGS The albatross, a tea bird found chiefly ki the aouthern Pacific, has a wing spread of 10 to 12 feet. By EILEEN SHANAHAN New York Times Service WASHINGTON Top law- enforcement officials of sever- al states have expressed the suspicion that the current gas- oline shortage- was artificial. Some went so far as to sug- gest that the shortage had been deliberately produced by the major oil companies to enable them to squeeze inde- pendent refiners or retailers or both out of the market. The state officials expressed their views at a hearing of the Senate antitrust subcommittee. Without exception, officials of all six states that were repre- sented, said that the federal government should launch an immediate investigation into the destruction of competition the marketing of gasoline. Robert K. Killian, attorney general of Connecticut, said that his own investigations of the asserted gasoline shortage and its consequences had led him to the tentative conclusion that the big oil companies must be reduced in size. The way to do it, he said, would be to re- quire that refining and distri- buting operations bs split into two separate companies Charles A Latorella Jr 'as- sistant attorney general cf New York, challenged the very idea MOBILE INfO Mobile homes may go a long way towards easing Canada's crisis, but they're everybody's "cup of Joan Nankivell reports on rhe advantages end dis- advantages of mobile home communities after a visit 10 the newest and largest, north of Torcn'o That's this Sa'ur- day IN YOUR LETHBRIDGE HERALD WEEKEND MAGAZINE that there was a gasoline short- age He said that inventories of gasoline currently stand at 202.5 million barrels, according to the oil industry's own fig- ures, but that inventories were lower than this last June, July, August and September "and last year there weren't these cries of shortage." Yet, he said, this year, "small dealers, hospitals, small truckers, cities, are all being told there is a shortage of gas." In a related development, the treasury department announc- ed that four days of public hearings would be held in an attempt to determine what changes, of any, to make in the month-old program of volun- tary allocation of gasoline. The announcement said that the hearings would be aimed at deciding whether "we need a mandatory program and, if so, how should it be structured and who should be in charge Some consumers of gasoline. i such as farmer co-operatives I and truckers were listed among the witnesses, although most were producers or marketers of fuel Sad story Lugubrious is the word for this basset after fail- ing to win a ribbon at a I dog show in New York. The treasury also said that during May relatively wall refiners and marketers had been allowed to import 1.2 bil- lion gallons of fuel without pay- ment of the cent-a-gallon license fee. This amount of fuel some of it gasoline and home-beating fuel and oil and some of it crude would keep about 200 large gasoline stations sup- plied for a year, according to treasury officials. It is estimated that under 000 independent gasoline sta- tions and fuel oil distributors have been forced to close be- cause they could not get enough supplies to stay in busi- ness. The state attorney general who appeared before the Senate subcommittee all said that in- dependent gasoline dealers were having to close in their states while, simlutaneously, the major oil companies were j opening big new nearby locations. stations in, Strike a big bargain with a standard chest Mini chest. Or an upright Coldspot freezer. 23.2 cu. ft Coldspot holds 805 Ibs. a-47 R 62230. Quality features meld: Thmwall foam insulation gives vou up to 20% more usuable space New, low-profile design for easy- reach convenience. 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