OPEC money drain warned by U.S. energy official
Houston UPI reports C King Mallory deputy assistant secretary for energy and minerals says continued U.S. spending on foreign oil could let OPEC buy the top 500 U.S. companies and all farmland, with leftover funds to buy any U.S. asset. He cites $30 billion spent on OPEC oil versus $16 billion returned in world trade and urges tax, energy shifts toward coal solar nuclear and geothermal.
MENTIONED IN THIS ARTICLE
Houston
UPI
United States
Organization of Petroleum Exporting
U.S
Middle East
OPEC
Mallory
Migrant housing rules grilled at federal hearing
A UPI report notes witnesses assailing proposed federal health and safety standards for migrant housing as too lax for workers and too strict in places such as shared rooms for unmarried pairs. Critics from AFL-CIO and labor rights groups condemn the plan while some employers push back on certain rules. The one day hearing was the first in a five city series across the United States.
MENTIONED IN THIS ARTICLE
Washington
UPI
Afl-Cio
Standing Committee On
Labor Department
Occupational Safety and Health Administration
Toledo
Ohio
Ft. Lauderdale
Fla
Corpus Christi
Tex
Portland
Ore
OSHA
William M. Connolly
Inflation cools slightly as 1974 ends with slower CPI rise
The 1974 price surge shows easing in the last quarter with a December CPI up 0.7 percent, the smallest in five months. The Fed injected 1.1 billion to spur credit, while year end inflation reached 12.2 percent from 1973, the peak since 1946. Purchasing power rose for workers after six months.
MENTIONED IN THIS ARTICLE
United Press International
Federal Reserve Board
Bureau of Labor Statistics
Nationwide Snow and Cold Snap Grips Much of U S
Snow and cold prevailed across the nation with seven inches in Lander Wyoming and two more in Rawlins and Denver. Snowfall extended from the eastern Dakotas to northern Michigan with several inches in Eau Claire and Lacrosse Wisconsin and Marquette Michigan. Temperatures were below normal in the Northeast and along the Atlantic, with Florida seeing showers and California warmer than usual as dense inland fog lifted by late morning.
MENTIONED IN THIS ARTICLE
Los Angeles
UPI
Colorado
Wyoming
Lander
Wyo
Rawlins
Denver
Colo
Dakotas
Michigan
Eau Claire
Wis
Marquette
Mich
Lacrosse
Illinois
Pennsylvania
Florida
Atlantic Coast
United States
Gulf Coast
Ford rejects mandatory gas rationing proposal
President Ford rejected any mandatory gas rationing bill, arguing it would impose five to 10 years of limits and keep motorists under nine gallons per week. He pledged a presidential proclamation to raise tariffs on imported oil and said he would veto Congress if it passed a rationing plan.
MENTIONED IN THIS ARTICLE
Mallory
Ford
Washington
UPI
Congress
Oil workers strike widens at Southern California refineries
About 2,000 oil workers remain on strike across Southern California refineries awaiting counter offers after Gulf Oil reached a model settlement. Unions report 850 at Standard Oil El Segundo and 1,000 at Union Oil Wilmington Santa Maria and San Francisco areas walked off last week.
MENTIONED IN THIS ARTICLE
Los Angeles
UPI
California
Gulf Is
Gulf
el Segundo
Oil, Chemical and Atomic
Standard Oil Company
Wilmington
Santa Maria
San Francisco
Dean Sells Watergate Book Rights for 300000
John Dean III has sold publishing rights for his Watergate account to Simon and Schuster for about 300000. The deal includes hard cover rights to the book Me by Maureen Dean and paperback rights to Me sold previously to Bantam Books.
MENTIONED IN THIS ARTICLE
Los Angeles
UPI
John Dean III
Los Angeles Times
Simon and Schuster Inc
New York
White House
Simon and Schuster
Dean
Bantam Books
Also Mentioned on This Page
Allan Hancock College
Jim Collins
Fred Washington
Lompoc
Fed
Board OF Directors
John P. Lizarraga
William A. Perozzi
F. H. Beattie, Jr
Clayton Sanchez
George Chamberlain
aYr
Lowes
Aan
Peoe
Eres
Les
Gervins
Gincese Y
Gtertit F. Co
George E. Howard, Jr
William C. Ebbert
Lawrence E. Schuyler
M. Robert Stevens
Bill E. Way
James D. Lowery
Barbara Felch
Asst
V. Pres
Douglas
Paramount
Mobil Oil Company
Torrance
Shell
Powerine Oil Company
OCAW
Mobil
Shell and
Charles Armin
Powerine
Gulf Oil
Texaco
Atlantic
First Valley
State of
U. S. Treasury
Federal Funds
Internal Revenue Service
State Bank No
Bank OF
Dorothy L. Scott
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