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Newspaper
Medicine Hat News
Location
Medicine Hat, Alberta, Canada
Date
Jun 15, 2001
Page
12
The Medicine Hat Real Estate Board reports March sales totalled 171 homes for 22.5 million dollars, up nearly 25 percent from last year. Vacancies tightened to 0.3 percent as growth fuels demand, with average single family prices around 144000 and Redcliff averages near 91000.
Washington documents from five years ago show major oil firms discussed curbing refinery output to boost margins. Senator Wyden released memos noting possible anticompetitive moves while industry leaders argued no illegal activity, as refinery capacity and profits influenced prices.
Ford officials say their study found tread separations were vastly more common on Firestone tires than Goodyear, based on government and internal data plus Bridgestone/Firestone claims. The report precedes a congressional hearing as Ford expands recalls and Firestone challenges the findings.
In Saint John New Brunswick the Maritimes and Northeast Pipeline plans a 1 billion investment to double capacity by 2005. Spokesman Steve Rankin says the project will grow throughput to 1.2 billion cubic feet per day by looping a second line alongside the first. The move could lower tolls for companies such as Corridor Resources Inc. and spur broader gas interest in New Brunswick.
New York AP report notes petroleum cash prices on Thursday with data supplied by AT 4 FP DataGroup. Listings reflect market for crude and refined products amid typical oil market fluctuation.
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