Chaos in U S fuel allocations alarms international airlines
Montreal dispatch reports the International Air Transport Association warns U S draft fuel allotments would discriminate against foreign carriers, risking aviation chaos. Knut Hammarskjold cables Energy Secretary Simon urging equal opportunity allocations and practical support for international air service between the United States and world countries.
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United’ States
Aviationdustry
Internationalir Transport Asso
Knut’ Hammarskjold
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Airlines Organization
U.S. Energy
William “Simon
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United States
Hammarsk
OPEC drafts new price structure likely to raise fuel costs
Vienna reports OPEC economic commission drafts a new crude oil price system moving toward free market pricing. With production by 12 major members at 85 percent of world imports, authorities expect gasoline and home heating oil to rise as prices depend on supply and demand. Ministers approve the plan ahead of a Tehran conference this weekend.
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Organization of Petroleum Exporting Countries
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Oil firms bid record sums for Gulf of Mexico tracts
New Orleans UPI report details an offshore leasing sale where oil companies bid a near record 1.43 billion dollars for 89 Gulf of Mexico tracts and 3.37 billion for 147 tracts overall. ExxonMobil Champlin led with 211.9 million for Florida panhandle leases.
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Gulf of Mexico
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Alabama
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Interior Department
Exxon-Mobil- Champlin Off Co
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Florida
Gulf Coast
Atlantic Seaboard
John Rankin
Louisiana
Exxon-Mobil- Champlin Combine
Florida Panhandle
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