IPAA official urges above-ground stocks for Europe oil
W M Vaughey of IPAA urges U S oil to Europe come first from excessive above-ground stocks built by imports. He warns this could worsen domestic gasoline oversupply and highlights inventories about 50 million barrels above last year after the Suez Canal closure. He calls for price adjustments to sustain domestic industry and national security.
MENTIONED IN THIS ARTICLE
Jackson
Miss
U.S
Europe
Independent Petroleum Association of America
W. M. Vaughey
IPPA
Suez Canal
Vaughey
Cone
Texas Helps Cupid With 186 440 Pounds Of Mistletoe
Dallas reports Texas based producers ship 186 440 pounds of mistletoe in the last three weeks. The final tally is expected to reach about 250 000 pounds as a robust mistletoe crop supports holiday cheer.
MENTIONED IN THIS ARTICLE
Texas
Dallas
Cupid
Central Texas
Sheppard Appeals Proposed Control of Casinghead Gas
Attorney General Ben Shepperd urged the Texas Court of Appeals to strike down or limit Federal Power Commission regulation of casinghead gas sales at the wellhead. He warned federal control could tax oil production tied to casinghead gas and harm state conservation and finances.
MENTIONED IN THIS ARTICLE
Austin
INS
Ben Shepperd
Court of Appeals
Federal Power Commission
Shepperd
Petetier
Congress
Verdict in Dr Otto John Treason Trial Nears End
In Karlsruhe Germany court officials said a verdict in the treason trial of Dr Otto John former West German Security Chief will be delivered next week. The five week trial ended with letters John wrote to his wife during a 17 month East German stay. Over 100 witnesses provided testimony and both sides prepare final arguments ahead of a verdict expected near week’s end.
MENTIONED IN THIS ARTICLE
Karlsruhe
Germany
Otto John
West Germany
John
East Germany
UT Announces Geology Grant From Seguin Benefactor
A new University of Texas geology scholarship funded by Roland K. Blumberg of Seguin honors H. H. Weinert and supports graduate study on South Texas tertiary rocks. The Geology Foundation reports totals of $14,685 since September and $42,517 since 1953 for research, scholarships, equipment, library expansion, and lectureships under a 16-member advisory council.
MENTIONED IN THIS ARTICLE
Geology Foundation
Morgan J. Davis
Houston
Humble Oil and Refining Company
Guy E. Green
San Antonio
Wayne F. Bowman
Gulf Oil Warren merger not violation of antitrust law
Gulf Oil and Warren Petroleum Corp claim they operate in different sectors and were not competitors. W. K. Whiteford, Gulf president, says the acquisition does not raise Gulf's market power and legal counsel advise the arrangement does not violate the Clayton Act or antitrust laws.
MENTIONED IN THIS ARTICLE
Warren
Pittsburgh
Gulf Oil
Warren Petr.Corp
W. K. Whiteford
Gulf
Tthe
Federal Trade Commission
Whiteford
FTC
Gulf Warren
Gulf Oil Corp
Portable Rotary Drilling Rig Arrives in Denver Basin
A diesel electric IDECO Dual Rambler rig arrives in the Denver Julesburg Basin for Shel Oil Co. It breaks down into three trailers and can be set up and moved faster than prior rigs with a 7000 foot depth limit and a 268000 pound net hook.
MENTIONED IN THIS ARTICLE
Denver
Denver- Julesburg Basin
Shel Oil Co
General Electric
Shell
Egyptian and Syrian students transfer from Britain to Czechoslovakia
Prague youth paper Mlada Fronta reports Egyptian and Syrian students studying in Britain are transferring to schools in Czechoslovakia due to British French actions against Egypt. The report names Sheridan A. Thompson of Dallas as Magnolia Petroleum vice president and Jack C. Kern Jr. of Amarillo as Standard Oil Texas exploration manager.
MENTIONED IN THIS ARTICLE
Vienna
Britain
Czechoslovakia
Egypt
Prague
Mlada Fronta
Sheridan A. Thompson
Dallas
Magnolia Petroleum Company
Jack C. Kern Jr
Amarillo
Standard Oil Company
Texas Exploration
GI Loans Under Negotiation May Hit High Interest
The Veterans Administration said lenders may require the highest permissible rate when GI home loans negotiated now are closed. The current GI loan rate is 4 percent, reflecting a possible rise if the new Congress increases the limit. Loan activity has declined partly due to scarce investment funds.
MENTIONED IN THIS ARTICLE
Washington
The
Veterans Administration
Congress
Also Mentioned on This Page
IPAA
Ene
Sheppard Appeals
F. McCollum
Continental Oil Company
L. T. Barrow
Robert L. Cannon
San Angelo
George Coates
Ed W. Owen
John A. Kay
Wichita Falls
C. E. Yager
Fort Worth
W. Dow Hamm
Atlantic Refining
O. Scott Petty
Petty Geophysical Company
Wallace E. Pratt l
Carlsbad
N.M
Standard Oil Company of
New Jersey
Shell Fields
Watkins
Life
VY Orsit’ Book Store
Passono
Arwine's Pharmacy
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