Edwards says energy crisis over as he quits
Energy Secretary James Edwards, in a farewell address at the National Press Club, declares the energy crisis is behind the United States. He cites lower net imports, predicts ongoing efficiency gains, and releases a report projecting a 43 percent drop in net energy imports by 2000. He leaves Nov. 5 to head the Medical University of South Carolina.
MENTIONED IN THIS ARTICLE
Washington
James Edwards
Reagan Administration
Edwards
U.S
The
Medical University of South Carolina
Reagan
Economic outlook ties Permian Basin growth to oil prices
Area leaders cite ten year gains in retail sales airline boardings and bank deposits as signs of a healthy Basin economy. They warn oil prices drive activity and describe diversification into machinery for non energy sectors as a long term path to insulate against future energy busts amid recession and soft exploration.
MENTIONED IN THIS ARTICLE
Permian Basin
Williams
Odessa
I.C. Kerridge Jr
Hughes Tool Co
Houston
Kerridge
J.J. Heitz
Pioneer Corp
Heitz
Federal Energy Regulatory Commission
John B. Morgan
Texas Commerce Bank
Economic outlook for 1983 from Exxon and experts
Richard E Brown ing staff economist for Exxon forecast slow world growth in 1983. Morgan expects OPEC production to continue falling. Browning sees a fragile recovery starting early 1983, but weaker than prior recession rebounds.
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Richard E. Browning
Exxon
Morgan
Organization For Petroleum Exporting Countries
Browning
Economy shows mixed signals with modest gains and rising unemployment
A government index shows a small improvement in consumer sentiment while unemployment climbs to 10.1 percent. Factory output fell 0.6 percent in September, inflation remains modest at 0.2 percent, and retail sales rose about 1 percent amid overall sluggish growth.
All-Savers rate drops to 6.66 percent at week’s end
Washington AP reports the one year Treasury bill auction set the new All-Savers rate at 6.66 percent through Nov. 27, down from 9.51 percent yield on the notes and 12.61 percent initial sales. advises buyers to act before the rate changes. Also notes a theft turned odd when a truck owner offers the thief a job after recovery of a stolen battery. A separate alert from Franklin NH cites a Demerol pill found in a brownie prompting store withdrawals.
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Washington
Treasury
ST. Louis
Stacey Hovis
Hovis
Brownie Franklin
N.H
New Hampshire
Peggy Lawton
Massachusetts
Greenfield
Doreen Valley
Franklin
Weather outlook with warm weekend in Permian Basin
Warmer tonight in the Permian Basin with fair skies and a low in the mid 40s. Saturday brings sunny to warm conditions with a high near 80 and southwest winds 10 to 20 mph. Showers and storms covered East and Southeast Texas today as a cold front moved through the state.
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Permian Basin
Texas
Panhandle
West Texas
South Texas
East
South
National Weather Service
Midland Regional
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