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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - October 10, 1973, Lethbridge, Alberta I Wednesday, October 10, 1973 THE LETHBRIDGE HERALD 37 New Alberta oil, gas royalties Stanf ield doubts higher price HALIFAX (CP) Higher oil and gas royalties announced by the Alberta government won't necessarily mean higher luel prices lor the rest ol Canada, Conservative Leader Robert Stanfield said today "Why necessarily9" he ;isked when the subject was raised at a news con- ference He said the increased scheduled for 1974. will have an etiect on the profits of oil companies but there is no reason to assume automatically that higher prices are inevitable for eastern consumers depen- dent on Alberta oil Higher royal Lies were announced by Alberta Piemier Peter Lougheed last week as a retaliatory measure to the barrel crude oil export tax imposed the federal government in September Mr Stanheld Minister Don.'.li! Macdonald of "exceedingly poor federalism" in im- posing the tax without ad- vance consultation with Alberta SUES LOUGHEED'S VIEW 'I'lle Conservative leader said he could fully understand Mr. Lougheed's anger and subsequent deci- sion to raise royalties. lioth Mr. Macdonald and oil y spokesmen have indicated that higher royalties could result in price increases at the con- sumer level Mr Slanheld said there are other limiting factors to the industry from automatically boosting prices to offset the added cost He did not elaborate but mentioned the selling price of crude oil at Chicago as an exam- ple Calling repeatediv (or greater federal provincial consultation on such n..liters as energy policy. Mr said it was nonsense Mr Mac- donald to say that cir- cumstances lorced imposi- tion of the export tax without advance discus- sion The tax was announced hours alter the National Energy Board an independent federal agen- cy, refused to grant Oc- tober crude oil export per- mits because the selling price sought by oil com- panies was too low. The in- dustry is about 90 per cent foreign controlled. Mr Stanlield said he :s certain the tax con- templated when the goveinment announced a series of anti-mflation measures in early September The tax was announced about two weeks laicr SPECIAL COCA COLA 26 01. 5J1 deposit COCA COLA and FANTA 10 GZ. 12 J1 (At all participating dealers) Penn Central woes cars n' a 108 car Penn Central east bound tdght derailed at Rochester, N.Y., and the twisted cars were scattered across a 100-jear area that earlier this week was ...ii of rush hour traiiic. The ramp, lower lelt corner, earlier this week once was a major exit area lor commuters but was re-routed when a new ramp was opened. Energy problems of west states under discussion 10 Minutes A Day Can Improve Your English! A well-known publisher reports there arc simple techniques in using everyday English which can pay'you real dividends in social and business advancement bv helping you to express your ideas in a more interesting and convincing manner According to this publisher many people do not how important it is to know how to use effective EneiiTJi Whether :n at social functions m .suai conversant1: with there are wavs you can use the English Language to make a gooa impression each tune you speak or write To acquaint the rcf-ncr- of this paper with the easv-u follow rules tor fleveionirr skill in evervday English" the publishers nave printed full detam of their self-training method a 32- page booklet "How You Can Gain a Command of O-JG English" which will bemaik'1 free to anjonc who requests it No obligation Simply send vour name, address and 7ip io. English Division. Career Institute. Dept Mundelcm Himois 60060 (A home study school) ADVT UK; SM. Mont (AP) I'lii1 Interstate .Nuclear Hoard composed ol ri-prosontJlives Irorn 12 western s I j t cs are here to discuss pioblems ol the The nil. olishool oi ih; Ui'sicm Governors unlc-iriKT is concerned public inlonnalion jnil jcu'pkmce ol nuc cai- povu'ied pid i' .l.ick led -'I i rp: eseiilative Io I ho bo.iid. s.ud public acccp- Kincc ol the pldiils i.s u1 r.iU's! in the regions ihcv .ire operating s.i id "oddly enough rihi'i vou get ,i nucleji plant, the 'he leal becomes lie pii-diiied there will be less (hllicultv in ob- l. lining -.lie-- lor nuclear puuiT pKint.s-p.ii ticularlv in iiKi. ihe midwest and (lie where public until now has been Mill Combat (hose Miserable Fall Colds THROAT LOZENGES Toirelie For relief of coughs and sore iiiroats due to colds 18'8 Decongeslant to relieve the misery of colds Coricidin 'D' J.49 SHOPPERS DRUG MART Village Mai! 328-8442 Sears Save to Beautiful get-togethers in a classic setting. 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