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Odessa American in Odessa, Texas

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Newspaper

Odessa American

Location

Odessa, Texas, United States of America

Date

Oct 23, 1982

Page

1

New limits restrain lead in gasoline

Washington AP Reagan administration tightens lead in gasoline rules with a Nov. 1 start. Small refiners must meet a 1.9 g per gallon limit, up from 1.10 g for large refineries, closing the gap over eight months. Environmentalists hail the move as a major improvement amid epidemic lead poisoning concerns.

Washington Reagan Administration Environmental Protection Agency EPA Ellen Silbergeld Environmental Defense Fund

Audit finds reserve leaders paid too much in compensation

An audit by the Defense Contract Audit Service finds Petroleum Operations and Support Services Inc. paid executives excessive salaries bonuses and fringe benefits from Department of Energy Strategic Petroleum Reserve funds. The reserve aims to stockpile 750 million barrels, with about 283 million stored to date in Gulf Coast salt caverns. The contractor faces scrutiny over taxpayer-financed pay and perks.

Washington Department of Energy Strategic Petroleum Reserve Defense Contract Administrative Service Petroleum Operations and Support Services Inc Gulf Coast

Oil show opens for public view in 1982 Permian Basin

The 1982 Permian Basin Oil show opened to the public with ceremonies honoring Texas Railroad Commissioner Mack Wallace. Wallace noted Permian Basin accounts for 57 percent of Texas crude and 28 percent of natural gas, citing 249 million barrels of oil in the first six months and over 18 billion total crude produced in West Texas since discovery. He urged federal energy policy changes, praised American drilling, and predicted the basin’s continued role in future energy needs.

Robert Halpern Permian Basin Texas Mack Wallace Wallace Eddie Durrett Dave Lyons The Odessa American Coliseum Permian West Texas Railroad Commission U.S America United States

Prime rate cut again sparks mixed signals in market

Major New York bank trims the prime rate to 11.5 percent while the stock market ends lower. Dow falls 5.52 as government data show meager factory orders and Fed notes money supply rising. Chemical Bank leads with a .5 percentage point cut, provoking praise from Reagan aides.

Robert Burns New York City Federal Reserve Board Chemical Bank U.S Reagan Chemical George Bush Commerce Malcolm Baldrige Donald C. Platten Platten

Baptist minister frees after agreeing to close school

In Louisville Nebraska Reverend Everett Sileven, freed from Cass County Jail, pledged to shut Faith Christian School until late November or the next Nebraska Legislature session. Supporters led by Greg Dixon of Moral Majority hailed the release as 350 visiting preachers pressed authorities to address the issue.

Louisville Neb Faith Christian School Everett Sileven Faith Baptist Church Cass County James Johnson Odessa Yukon Heights Nebraska The Moral Majority Greg Dixon Indianapolis Sileven

Also Mentioned on This Page

Bill Dunfinetz James Paul Harrold Jon Baptist Church
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