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Newspaper
Pecos Enterprise
Location
Pecos, Texas, United States of America
Date
Oct 17, 1979
Page
6
A Boston think tank warns that next summer may bring gasoline shortages due to OPEC cuts and Iranian disruption. Domestic output could fall from 10.3 to 8.5 million barrels per day by 1990, with synthetic fuel adding little relief.
AP analyst notes Americans feel lingering anxiety recalling the 1929 crash and Great Depression. While credit is tighter and housing debt larger today, experts warn against simple parallels, saying the future remains uncertain and no one knows what lies ahead.
On this day in 1777 Burgoyne surrendered at Saratoga a turning point in the Revolution. Other items note Bessemer patent in 1855 Einstein arriving in America in 1933 Peron coup in 1945 Onassis marriage in 1968 and Ford Nixon remarks in 1973 Pope John Paul II Vatican reign in 1978 Births Jean Arthur Arthur Miller Evel Knievel and a Pope era quote. Also quiz items on burns first aid and egg production state.
The American Bar Association urges presidential intervention to set regulatory priorities and resolve conflicts across agencies. But with 660 agencies drafting about 7,000 rules yearly and presidents being generalists, direct oversight risks misalignment and accountability gaps. Carter reforms aim to streamline first. ABA plan may require wait-and-see.
Washington report links Imelda Marcos and Senora Pinochet with lavish shopping trips in the capital while their countries’ poor struggle for basics. Madame Zia of Pakistan also travels with daughters, allegedly buying luxury gifts, despite aid ties to the regime. Texaco price and credit practices scrutinized as part of a broader look at corporate behavior during the heating oil season.
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