Ford oil tariff and ripple effects on consumer costs
The Ford administration projects the oil tariff will raise average consumer expenses by 19 cents per $100, lifting prices for gasoline fuel oil plastics and other petroleum linked goods. The ripple reaches foods fibers fertilizer and records with gasoline costs boosting transportation and product prices. The Federal Energy Administration notes February’s $1 per barrel crude levy added about 1.4 cents per gallon.
MENTIONED IN THIS ARTICLE
Washington
Ford Administration
Federal Energy Administration
Ford
Organization of Petroleum Exporting Countries
FEA
Americans Free From Laotian Compound After Demands
Demonstrators ended their weeklong occupation of the U S AID compound in Vientiane releasing two U S Marines and a civilian. The agreement called for a total shutdown of the U S AID mission by June 30, with personnel returning to normal duties and paymasters beginning to settle obligations.
MENTIONED IN THIS ARTICLE
U.S
Vientiane, Laos
Vientiane
U.S Agency For International Development
Donald E
Wilburn
Osgood
Ind
Christian A. Chapman
Roger Murphy
Gresham
Ore
William Darden
Darden
Murphy
Pathet Lao
Ford Eyes Windfall Tax Over Oil Tariffs And Price Controls
The FEA says U S oil producers could raise domestic prices by a dollar per barrel to offset a one dollar tariff on imports, widening profits by about 255 million dollars monthly on non controlled oil. President Ford pushes windfall tax with ending controls, but Congress may delay action.
MENTIONED IN THIS ARTICLE
FEA
U.S
Ford
Congress
Karami Named Lebanon Premier Amid Beirut Wide Fighting
Rashid Karami was named Lebanon premier for the ninth time after nights of sectarian street fighting in Beirut. President Franjieh asked the veteran Moslem leader to form a cabinet, aiming to end eight days of clashes that killed about 130 and wounded over 600.
MENTIONED IN THIS ARTICLE
Beirut
Lebanon
Rashid Karami
Suleyman Franjieh
Pierre Gemayel
Christian Phalange Party
Franjieh
Karami
Ford blasts Congress over energy plan and flags price rise
President Ford accuses Congress of inaction on energy, warning gasoline could rise 1.5 cents a gallon this summer with potential 6-cent increases later. Export prices could lift petroleum costs 10 to 15 percent this autumn, affecting the average family. Democrats forecast inflation. Republicans defend the action as necessary. Senator Henry M. Jackson criticized the plan as harmful to families.
MENTIONED IN THIS ARTICLE
Ford
Congress
Ford Administration
Organization of Petroleum Exporting Countries
Congressional
Henry M. Jackson
Senate Interior Committee
Jackson
Algeria Rejects Kissinger Plan To Unlink Oil From Other Materials
Algeria, leading the Third World in leveraging oil power for broader producer interests, rebuffed Kissinger's proposal to separate oil from other raw materials in a new commission framework. The Algerian news agency criticized the move as favoring American interests and a step toward U S dominance, complicating March talks to prepare an oil trade rules conference.
MENTIONED IN THIS ARTICLE
Paris
Algeria
Henry A. Kissinger
Kissinger
United States
Europe
Japan
Ford's first European mission under Ford’s presidency
President Ford departs Andrews Air Force Base for a six day trip to Brussels Madrid Salzburg and Rome. He emphasizes a confident united America and a pledge to international cooperation with allies to safeguard vital interests.
MENTIONED IN THIS ARTICLE
Washington
Ford
America
United States
Andrews Air Force Base
Maryland
Brussels
Madrid
Salzburg
Austria
Rome
Europe
Middletown Forecast Sees Clouds and Showers Thursday
Sunny weather in the Middletown area may subside Thursday as clouds move in and showers or thundershowers are expected. Tuesday reached 83 degrees with a low of 54, and tomorrow's high is seen near 80. Rain chances are 10 percent tonight and 50 percent on Thursday.
MENTIONED IN THIS ARTICLE
Middletown
Insurance Institute survey finds 93 percent of children unrestrained
A survey observing over 5 000 cars with nearly 9 000 children under 10 at parks and malls in Maryland Massachusetts and Virginia shows 93 percent unprotected in crashes. The institute warns of high child injuries and fatalities in 1973 and advocates passive restraints such as airbags.
MENTIONED IN THIS ARTICLE
Washington
Insurance Institute For Highway Safety
the Insurance Institute
The
Insurance Institute
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Ann Landers
Comics County
State
Chapman
Seth Pethrasy
Phalangists
Christian Party
Massachusetts
Virginia
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