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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Dec 27, 1973
Page
7
AP special report traces the energy crisis from heating oil shortages to Arab embargoes and rising United States imports. It notes U S production remains flat, reserves favor the Middle East, and oil firms have long prioritized foreign fields for profits.
Harold B. Lee aged 74, leader of the Church of Jesus Christ of Latter-day Saints for 18 months, died in Salt Lake City of lung and heart failure after a medical exam. He was survived by his wife Freda Joan Jensen and two daughters. The Council of the Twelve Apostles will meet with the family to arrange funeral plans. Spencer W. Kimball is expected to succeed him.
The PBW Stock Exchange, oldest in the United States, pushes to draw smaller investors with lower fees and seeks regional mergers. It plans new offices in Miami and possibly Atlanta and Dallas while battling SEC rules on institutional memberships.
Rep. Tes Aspin asks the Supreme Court to stop FPPC deregulating interstate natural gas prices. He says the energy shortage is a phony excuse to raise prices, warning wellhead costs could jump from 20–40 cents to over $1 per thousand cubic feet. The appeals court halted the six month deregulation.
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