Oil tax bill delayed as Mills reverses position
Washington report says House tax reform for the oil industry stalled as Wilbur D Mills shifts back to a restricted vote plan. The Ways and Means chair faces a Rules Committee decision while debate over depletion allowances and foreign tax treatment triggers intra‑party wrangling. A PEO official warns ending the allowance could raise gasoline prices by a few cents per gallon.
MENTIONED IN THIS ARTICLE
Washington
House
Wilbur D. Mills
U-Ark
Ways and Means
Ways and Means Committee
Mills
Ryles
Ealendar- Mills
William Green
DPI
Federal Energy Office
PEO
Duke Eigon
FEO
Saudi Arabia Takes Major Stake in Aramco Operation
NEW YORK AP Saudi Arabia has taken over 80 percent of Arabian American Oil Co Aramco said. The four American owners Exxon Mobil Standard of California and Texaco will have a contractual arrangement to buy most oil from the government share. Details to be worked out in July with Saudi representatives as ownership terms evolve. Current Aramco production is about five million barrels daily, near US total output. Industry leaders expect shifts toward marketing refining and transport profits.
MENTIONED IN THIS ARTICLE
New York
Saudi Arabia
Arabian American Oil Co
Aramco
Exxon
Mobil
Standard of California
Texaco
Arameo
United States
Rawleigh Warner Jr
State OKs million in transit planning grants
The State Transportation Board approved 1 million dollars in mass transit planning grants. The largest went to the Southern California Association of Governments covering Los Angeles and several counties. Other grants included 225,000 to the San Diego CPO and 185,000 to the San Francisco Transportation Commission.
MENTIONED IN THIS ARTICLE
Sacramento
State Transportation Board
Southern California Association of Governments
Los Angeles
Orange
Imperial
Riverside
Ventura
San Bernardino
Thomas H. Hughes
San Diego
Federal energy office orders 61 percent gasoline shares for states
The Federal Energy Office allocated at least 61 percent of each state's June 1972 gasoline supply. Administrator John C. Sawhill said about 4.4 million barrels must be drawn from inventories to meet the allocations. To provide 95 percent would require 210 million barrels. June kept back to stock July and August demand. Nationwide supply totals about 83 billion gallons for June, about 4.4 million gallons daily, 4.3 percent above May. Hawaii, Indiana, Massachusetts, New Jersey, New York and Ohio show lower June levels than May.
MENTIONED IN THIS ARTICLE
Washington
Federalnergy Office
John C. Sawhill
Sewhill
FEC de
BEQ
Baéonline
Hawaii
Indiana
Massachusetts
New Jersey
New York
Ohio
Supreme Court Upholds Natural Gas Price Ceilings in South Louisiana
The Supreme Court upheld Federal Power Commission ceilings on natural gas prices for southern Louisiana, a major gas region supplying one third of U S domestic production. The ruling could affect similar area-wide regulations in seven regions and the broader national energy policy. Mobil Oil Corp New York State Public Service Commission and Municipal Distributors Group challenged the rules from 1971. An oil industry spokesman noted shale oil developments may meet world demand. A Sacramento bill to regulate massage technicians was killed by the Assembly Commerce Committee.
MENTIONED IN THIS ARTICLE
Washington
Federal Power Commission
Louisiana
Supreme Court
Commission
Louisiana Regulthens
Mobil Oil Corp
New York State Public Service Commission
Municipal Distributors Group
Also Mentioned on This Page
Syrian
Golan Heights
Tan Penal
Haile
RCA
ICA
Walker
AGA
TV & Appliances
Long Beach Blvd
L.B
Kuwait
Warner
State Ok’s Transit Plan
Salisbury
Neil
Mer
Inry
A.m. Fn
BEM
Sun
Bixby Knolls
Atayile Bra
Sawas
Oles
Arsr
Dilmat
UPH
U.S
Colora
Utah
Wyoming
Fred L. Hartley
Union Oil Co
Sain Thal
Massage Dill
UPT
Assembly Commerce Committee
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!