OPEC loses grip as oil prices and supply shift
The United States plans a Libyan oil import boycott signaling a power shift away from OPEC. Prices abroad fall as Mexico and Britain cut barrels, Iran and Venezuela face revenue losses, and Libya struggles to find buyers amid an oversupplied market driven by conservation and new pricing pressure.
MENTIONED IN THIS ARTICLE
OPEC
Mexico
Great Britain
Stephen A. Smith
Data Resources Inc
United Administration
Reagan
Khadafy
Libya
United States
Middle East
West
Netherlands
Israel
Nigeria
Algeria
Larry Goldstein
Petraleum Industry Research Foundation
New York
Mirror Air
Europe
Venezuela
Iran
Iraq
Fram
Arab Emirate
Abu Mhabi
Saudi Arabia
France
Japan
Senate committee Rejects Carlin oil tax proposal
TOPERA Ran AP The Senate taxation committee on Friday rejected Gov John Carlins plan for a 24 percent severance tax on oil and gas. The 45 vote defeat kept the bill in the Assessment and Taxation Committee. Burke chair refused to break the tie, drawing criticism from supporters. The House approved 345 percent compromise moves to Ways and Means, hearings set for March 15. The Senate plan was double referred, making floor action unlikely. Committee added use of mineral tax for school financing and 15 percent to counties. Burke said public input was lacking on the Senate amendments. Sens voting for the bill included Chaney Eldredge Johnston Mulich Montgomery. Against were Angell Kerr Allen Thiessen Hayden.
MENTIONED IN THIS ARTICLE
Topera
Senate
John Carlin
House
Burke
Lan
Republican
Ways and Means Committee
Hoth
Bert Chaney
D Uutchinson
Jane Eldredge
R-Lawrence
Mike Johnston
f-Parsons
Bill Mulich
Kansas City
Kan
Don Montgomery
R-Sabetha
Charlie Angell
Plains
Fred Kerr
Pratt
Jim Allen
Rottawa
Dan Thiessen
Leroy Hayden
Satanta
Critics Lambast Defense Spending
Critics say a five year 1.6 trillion U S defense buildup threatens the nation s economic health with deficits higher unemployment slower growth and slipping international position The study by the Council on Economic Priorities commissioned by the Machinists union and liberal groups argues smaller military budgets correlate with stronger economic growth and productivity The White House disputes the findings while analysts warn of inflation and slower growth for some industries
MENTIONED IN THIS ARTICLE
Washington
Agan
America
Council On Economic Priorities
United States
Machinists Union
Coalition For A New
Church, Peace, Social Service and
White House
William A. Niskanen
Soviet Union
Warsaw Pact
North Atlantic Treaty Organization
Defense Department
Congressional Budget Office
NRC secrecy bid on hearing transcripts draws scrutiny
A House subcommittee chairman said he is inclined to refuse the Nuclear Regulatory Commission request to classify parts of a public hearing on nuclear shipments. NRC officials sought to keep transcripts, including remarks by Chairman Nunzio Palladino about safeguards, confidential. Palladino confirmed the NRC received a classified report by IAEA critic Emanuel Morgan.
MENTIONED IN THIS ARTICLE
Washington
House
Nuclear Regulatory Commission
NRC
Commission
Nunzio Palladino
John Suermann
Office of Congressional Liaison
House Subcommittee On
Energy Conservation and Power
Associated Press
Richard Otlinger
D-N-Y
Suermann
Palladino
Emanuel Morgan
U.S
Otlinger
Great Britain
France
West Germany
Also Mentioned on This Page
Muammar Khadafy
Organization of Petroleum
Cartel
Sheik Mina Sayed Qtaiba
United Arab Emirates
Carlin
Bud Burke
R-Leawood
International Atomic Energy Agency
Morgan
IAEA
AEA
Energy Department
Congress
You
Calhoun
Aileen Russ Toni Todd Butte
Judy Bond
Sidney Goul
Texsheen
Hang Ten
Jerell Bobbie Brod Sassatrass
Esprit
Sedgefield
Jaymar Beau Brumme
Whiteville
John Weitz
Cos Cob
Trissi Leslie Strait Lane
Hip & Shore
Lorraine
Munsing
Manhattan
Burlington
Kennington
Eva Fire Islander
Fay Melissa Petites Dunlaggin
Vassarette
Jennifer Dale
Vicky Vaughn
Jantzen Haggar
Hanes Levi
Kaynee, Curity Stone
Calhoun’s
Calhouns
Dillon’s Co., Inc
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