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Newspaper
Pecos Enterprise
Location
Pecos, Texas, United States of America
Date
Jan 16, 1974
Page
3
Occidental Petroleum Corp says it has developed a shale oil extraction method that avoids ecological problems and is cheaper than rival processes. The company released the statement after heavy trading in its stock following a query from the New York Steel Exchange.
Defense officials say China began talks to purchase non military executive helicopters from an American company. In Mexico City, Americans abroad receive tips on security and kidnapping response via a five page leaflet distributed by the American Embassy and consulates.
Washington AP reports farmers must show extraordinary conservation needs to qualify for RECP funding of 90 million for approved projects. The shift from temporary to enduring practices includes pond building terracing and planting permanent pastures with emphasis on tree planting and pollutant runoff control, under a program shaped by political pressure and budget actions.
The Senate House Committee on Reduction of Federal Expenditures reports that for fiscal 1974 Congress cut Nixon’s appropriation requests by 3.3 billion but increased total spending by 3.5 billion. The net rise stems from spending hikes in new bills and inaction on proposed savings, offsetting a 533 million year ahead impact. The deficit outlook improved as revenues rise from higher personal and corporate profits, though a fuel-driven slowdown could trim future estimates.
Fritz, a three year old German Shepherd at Lackland Air Force Base, fled from the kennel and roams nearby underbrush. He has flunked patrol dog training twice and is undergoing retraining as a basic patrol dog when he disappeared. If he cannot become a patrol dog, humane euthanasia by tranquilizers is possible, though officials hope for a return and reevaluation.
SAN ANTONIO AP A veteran petroleum geologist M O Turner 1974 general chairman of the American Association of Petroleum Geologists told a local civic group that five calm and collected years with reasonable profit would lead to US fuel self sufficiency. He urged deregulation of natural gas restoration of depletion allowances and tax laws recognizing value of oilmen. Turner warned Congress may nationalize the industry and blamed bureaucratic meddling for shortages noting higher Arab Libyan and Venezuelan prices.
Federal state and city agencies closed down nine Tarrant County theaters in a planned sweep that yielded thousands of films merchandise and equipment. About 70 officials from the district attorney office Fort Worth police and the IRS participated. Twenty two people including a theater operator were arrested and released on personal recognizance bonds. Patrons were surprised some resisted and a teen on probation and an IRS attorney were among those present. One Fort Worth officer returned rented films after the raid.
The Treasury plans direct electronic deposits for about 3.5 million SSI recipients starting in March. The program will expand to 25 million Social Security, veterans and civil service retirees within two years, aiming to replace most paper checks. Participation is voluntary with checks still mailed upon request.
AP reports Secretary of Agriculture Earl Butz spoke to farmers in Crosbyton and reiterated strong opposition to export controls on U S farm products. He urged lifting fabric import restrictions to lower clothing costs and warned against producing solely for government needs, stressing agriculture as a national strength and world peace factor. Rep George Mahon praised him.
The earliest reference to waterproofing pitch appears in scripture. The Good Book notes Noah used pitch to seal the ark seams before the flood covered the earth.
U S intelligence reports Chile plans to buy over 40 French AMX30 tanks to counter Peru s recent Soviet tank acquisitions. Peru has already purchased Russian T55 tanks and 130 mm artillery at favorable terms. Congress limits on Latin American arms sales cloud options while Chilean officers seek U S tanks and jets.
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