Simon urges stronger U S stand against OPEC price hikes
Treasury Secretary William E. Simon told reporters in Washington that the United States should oppose oil price increases by OPEC more vigorously. He urged Ford to take a firm stance, warned of negative effects on industrialized nations’ growth, and criticized the lack of economic justification for new hikes. He also noted tax-change options and IMF talks.
MENTIONED IN THIS ARTICLE
Washington
Treasury
William E. Simon
U.S
OPEC
Simon
Ford Administration
Ford
Congress
International Monetary Fund
Simon backs $2 bill plan with Jefferson or Anthony
Treasury Secretary William E. Simon said a summer decision would be made on printing a new $2 bill and that he personally favors the plan. He joked about having his picture on it, listing Thomas Jefferson as a leading candidate while feminist groups push for suffragist Susan B. Anthony to appear on the note.
MENTIONED IN THIS ARTICLE
Washington
UPI
Treasury
William E. Simon
Simon
Thomas Jefferson
Susan B. Anthony
Energy source costs matter more than traded goods
The article argues that the focus should be on the cost of alternative energy sources rather than the prices of other goods traded on world markets, highlighting energy economics as a key factor in policy deliberations. It emphasizes the financial implications of shifting from conventional to alternative energy options and the broader economic effects.
OPEC may bargain on oil prices
OPEC officials say talks with industrialized nations could ease planned Oct price increases if Western economies curb inflation and agree to dialogue on development. The ministers meet in Vienna after Iran Kuwait and Algeria pressed to raise prices to offset 35 percent West inflation, and to shift payments from the dollar to Special Drawing Rights.
MENTIONED IN THIS ARTICLE
Libreville
Gabon
UPI
Organization of Petroleum Exporting Countries
OPEC
Vienna
Iran
Kuwait
Algeria
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