Jackson blames oil firms for doubling crude price via loophole
Sen. Henry M. Jackson alleges major oil firms use a drilling loophole to raise domestic crude above $10 a barrel while old wells stay at $5.25. He predicts astronomical first quarter profits and warns of equipment shortages unless new reserves are opened. A Federal Energy Office official says the loophole would yield at most a few cases.
MENTIONED IN THIS ARTICLE
Washington
UPI
Henry M. Jackson
Jackson
Federal Energy Office
Charles R. Owens
FTC probes food industry to curb antitrust power
The Federal Trade Commission launches a broad study to assess competition in food retailing processing and production from meat poultry produce grains to farm brokers. FTC Chairman Lewis Engman says the effort may rival energy investigations in scale and scope. In California an Ontario Theater manager was cleared of obscenity charges over Deep Throat in a potential first ruling of its kind.
MENTIONED IN THIS ARTICLE
Washington
UPI
Federal Trade Commission
FTC
Lewis A. Engman
Agency
Bureau of Competition
Engman
Congress
Commission
Ontario
California
Edward Newkirk
Ontario Adult Theater
Elliot Abelson
Inmates seek murder trial over Hearst kidnapping standoff
Two SLA suspects Russell Little and Joseph Remiro push to face murder charges in court rather than be released for Hearst’s kidnapping. Public defenders call the TV statement demand nonsense as they await rulings on confinement conditions and TV appearance. FBI cites stalemate in Hearst release negotiations.
MENTIONED IN THIS ARTICLE
San Francisco
UPI
Little
Remiro
Oakland
Marcus A
San Quentin
Buckley
Contra Costa County
FBI
Miss Hearst
Shultz to resign as Treasury secretary in May
Treasury Secretary George P. Shultz will leave his post effective in May with Nixon accepting the decision. No successor named yet, energy chief William E. Simon viewed as frontrunner. Shultz, 53, highly influential in budget and foreign trade, may return to private life or a Chicago teaching post.
MENTIONED IN THIS ARTICLE
Washington
UPI
Treasury
George P. Shultz
Nixon
White House
Energy
William E. Simon
Wall Street
Shultz
Gerald L. Warren
Labor
Office of Management and Budget
John B. Connally
Henry A. Kissinger
University of Chicago
College of Business Administration
Nixon tax study called a shocker
UPI reports from Boston that Rep. James A. Burke says the congressional tax returns inquiry will yield a shocker. Burke backs Rep. Wilbur Mills that the report could bring more trouble than Watergate for Nixon, a claim the Nixon administration labeled a cheap shot.
MENTIONED IN THIS ARTICLE
Boston
UPI
Congressional Committee
Nixon
Boston Globe
Out of
Washington
James A. Burke
D-Mass
Wilbur D. Mills
Dark
Mills
Gas rationing seen as harmful to Californians
A California Poll reports that a 10 gallon a week gas plan would pose a serious problem for most motorists. Pollster Mervin D. Field notes the major fear is impaired ability to reach work.
MENTIONED IN THIS ARTICLE
San Francisco
UPI
California
Mervin D. Field
Artillery Pounds Golan for Fourth Straight Day
Syrian and Israeli forces traded artillery and mortar fire along the Golan Heights cease fire line for the fourth day. The Israeli chief of staff warned Syria may start a new war if tensions escalate.
MENTIONED IN THIS ARTICLE
United Press International
Golan Heights
Syria
Fundraiser confronts Vesco jury in New York case
The government planned to call Daniel Hofgren, a 1972 Nixon reelection fundraiser, to show Vesco's contribution link. The report also describes tense Israeli Syrian clashes, Syria's persecution claims, and a Washington meeting between Abba Eban and Henry Kissinger to discuss indirect troop separation talks.
MENTIONED IN THIS ARTICLE
New York
UPI
Mitchell-Stans
Robert L. Vesco
Vesco
Aew
Daniel Hofgren
Nixon
Hofgren
Wesco
Syria
Damascus
Abba Eban
U.S
Henry A. Kissinger
Washington
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