Basin oilmen see price dip as overreaction say speculators
Texas oilmen and state officials react to a wild session in which crude dipped below 15 a barrel before recovering. A Permian Basin executive calls the move an overreaction by speculators, while PBPA warns of short-term nerves and price variation amid OPEC policy unchanged. Local producers doubt major impact, expecting prices to rebound by year end.
MENTIONED IN THIS ARTICLE
Texas
Permian Basin
Jim Nugent
Texas Railroad Commission
New York Mercantile Exchange
West Texas
U.S
Midland
Harry Spannaus
Permian Basin Petroleum Association
New York
Merc
Spannaus
PBPA
Charles Perry
Odessan
Organization of Petroleum Exporting Countries
John E. Watson
Texas Independent Producers and Royalty Owners
Kent Hance
Panel cuts Texas from dump race
Congressional negotiators drop Texas and Washington from the list of preferred nuclear waste dump candidates, proposing a Nevada desert site be the sole test location. The plan halts surface testing and related actions in Deaf Smith County Texas, pending House and Senate approval, drawing praise from Rep. Jack Fields but facing legal challenges from Nevada opponents.
MENTIONED IN THIS ARTICLE
Washington
Texas
Washington State
Nevada
House
Senate
Deaf Smith County
Texas Panhandle
Jack Fields
Humble
Congress
Texas bank failures hit record as two more close
Texas reports 50 bank failures this year amid liberal lending, weak economy and mismanagement. USBank of Denton and Bank of Mobank shut down and to reopen as branches. USBank sues former Frisco rancher over alleged $2.4 million check-kiting scheme tied to a Memphis broker with a three week period in June and July of last year.
MENTIONED IN THIS ARTICLE
Texas
Usbank
Denton
Bank of Mobank
Stephen Y. Scurlock
Texas Department of Banking
Denton Record Chronicle
Memphis
Lee Perkins
Bargainers reach tax accord and spending progress
Legislative bargainers reached a $23 billion two year tax increase and advances on a $600 billion spending bill. Negotiators said both bills could be sent to President Reagan for signature soon as disputes were resolved and momentum built toward final passage.
MENTIONED IN THIS ARTICLE
Washington
Congress
House-Senate
White House
Reagan
Jamie Whitten
Dmiss
House Appropriations Committee
Airlines tighten security after federal order on employee checks
Airlines scramble to implement new security for all workers at airports following a federal mandate to pass through screening. Midland International Airport said it would devise a plan after analyzing the impact and aims to have procedures in place by the Monday deadline. The FAA directive follows a December 7 Pacific Southwest crash tied to a gunman who bypassed a checkpoint. Investigators cited missing employee badges at major airports in a related security review.
MENTIONED IN THIS ARTICLE
Midland
Marcie
Blauvelt
Federal Aviation Administration
Usair
Pacific Southwest Airlines
Los Angeles International
FAA
Also Mentioned on This Page
Basin’s Oilmen
Toyland
Salvation Army
Nancy Kerley
Rosalinda Aguirre
11Th St
Alan
The
Associated Press
Midland International
Airlines
Abby
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