Savings spurred construction in 1978 79
Savings drawn to U S thrift institutions in the first year money market certificates were available spurred construction of nearly 300 000 homes. A Brookings Institution study says housing stayed strong in late 1978 and early 1979 despite higher rates and a slowdown. The report warns the pattern may not hold in late 1979 due to competition for certificates from other high yield securities.
MENTIONED IN THIS ARTICLE
Washington
U.S
Brookings Institution
Shale oil extraction remains fuel question
Knight News Wire reports shale oil extraction faces major technical challenges. Retorting heats shale to release kerogen into a gas that becomes waxy oil. surface retorting and in-ground methods offer advantages but require solving heat, gas injection, and underground rooming issues.
Domestic oil exploration on increase, officials say
In Detroit, a Carter decontrol spurred a U.S. oil boom. Geological crews rose to 408 on land plus 31 offshore, a 19 percent rise year over year. Rotary rigs climbed to 2,577, with National Supply forecasting further gains and wells rising from 50,146 in 1979 to 53,085 in 1980, and to 67,000 by 1985 and 82,000 by 1990.
MENTIONED IN THIS ARTICLE
Detroit
Carter
United States
Society of Exploration Geophysists of
Tulsa
Okla
Detroit News
American Petroleum Institute
Washington
National Supply Co
Geophysists Society
Ted Rogers
Rogers
First National IRA and KEOGH Savings Plan
A financial ad explains tax advantages of IRA and KEOGH retirement plans. It notes tax deductions, lower brackets on withdrawals, and potential annual savings up to seven thousand five hundred dollars for KEOGH. Encourages self employed individuals to contact New Accounts personnel promptly.
MENTIONED IN THIS ARTICLE
Odessa
First National Bank
Cial Institution
KEOGH
First National Ira
Keogh Savinge
Also Mentioned on This Page
New York’s
Rockefeller Center
Milwaukee
E.M. Ford
Lake Michigan
Thomas A. Parks
Brookfield
Great Lakes
Parks
Presque Isle
Cleveland Cliff Co
Cement
National Gypsum Co
Alpena, Mich
Alpena
Patrick Gallagher
Henry Mensing
National Gypsum
Emory M. Ford
Ford Industries
Huron Cement Co
Wyandotte Chemical Co
Peking
Peking Daily
Xerox
Veo
Savin
Savin Corporation
Xerox Corporation
American Business Equipment
Brentwood
Lisa Chavez
Santa
Ricardo Antonio
Texas
Knight News Wire
Grand Junction
Colo
Paris
Constitutional Council
France
Raymond Barre
First National Odessa
Bankers 7Th
North
FDIC
MD Udec Elie
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