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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Jun 25, 1998
Page
1
Oil ministers, led by Obaid bin Saif al Nasseri, say global supply will be slashed by 1.38 million barrels per day starting July 1 in an effort to bolster prices. Analysts in the Permian Basin react cautiously as OPEC seeks to lift prices from a multi decade low around $11 per barrel.
Ector County Sheriff Reggie Yearwood confessed he purposely misled Commissioner Mike Patton during a Monday discussion about search warrants. Yearwood revealed his office has issued at least six warrants yielding more than $8,000 in cash, several computers, night scopes and a truck, as Patton pressed for figures.
AT&T Corp. agreed to acquire Tele-Communications Inc. for about 31.7 billion dollars, gaining access to millions of cable customers and the ability to offer local calling, high speed Internet, and other services over cable lines. The move positions AT&T to challenge Baby Bell firms and accelerate convergence of phone, TV, and Internet. Jeffrey Kagan says the deal is exactly what AT&T needed to enter the local market.
In Marietta Georgia health officials report eight children infected with a dangerous E coli strain traced to a chlorine treated pool at White Water Park. Two remain in critical condition as parents pull kids from public pools while a hot line handles worried calls.
Odessa in 1948 rode post war expansion fueled by cheap oil and rising construction. The Odessa American, edited by J N McKean, saw ownership shift August 13 as W L DeBolt joined R C Hoiles in co ownership. City bonds, hotel and office projects, and civic groups like The Odessa 100 spurred growth amid ads and famous columns.
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