Oil giants cut prices as OPEC plans meeting
Oil majors Chevron Texaco and Exxon cut official prices with West Texas Intermediate dipping toward $26 as OPEC says ministers will reconvene in Geneva on January 28 to review price and production strategy. Analysts note refiners face large losses turning crude into fuel amid weak demand and rising competition.
MENTIONED IN THIS ARTICLE
OPEC
U.S
Chevron Corp
Gulf Corp
Texaco Inc
West Texas
Organization of Petroleum Exporting Countries
Geneva
Switzerland
West Texas Intermediate
Exxon Corp
No. 2
Mobil Corp
Constantine Fliakos
Merrill Lynch, Pierce, Fenner & Smith Inc
Dan Lundberg
Los Angeles
Price Information
First Boston Corp
Gulf Coast
Tierra Capital forms Brackenridge Plaza partnership in San Antonio
Henry Alaniz of Tierra Capital Corp announces Brackenridge Plaza limited partnership to own and operate an office building in San Antonio. The venture is led by Alaniz and David Johnson as general partners, with local investors owning the majority. Tierra Capital notes it is the second such project this year, after luxury condos in Ruidoso and an Artesia apartment complex, and mentions possible buys in Roswell and Hobbs. Prime Design Advertising announces incorporation with Beverly J. Wilson as president and chairman, Patricia J. Dempsey as VP, and Lauren L. Riggs joining as creative director.
MENTIONED IN THIS ARTICLE
Henry Alaniz
Tierra Capital Corp
San Antonio
Texas
Brackenridge Plaza
Alaniz
David Johnson
Tierra Capital
Ruidoso
Artesia
Roswell
Hobbs
Prime Design Advertising
Beverly J. Wilson
Patricia J. Dempsey
Kathy L. Avery
Bradley B. House
Prime Design
Lauren L. Riggs
Ogilvy and Mather Advertising
New York
Southwest
Albuquerque
Pioneer joins Southwest Exchange ATM network in New Mexico
Pioneer Savings and Trust F A has joined 22 other New Mexico financial institutions in the Southwest Exchange national ATM network. Customers can now use any Exchange network ATM in New Mexico and nationwide. The new machines are located at Pioneer on Fourth Street and Pennsylvania Avenue.
MENTIONED IN THIS ARTICLE
Pioneer Savings and Trust, F.A
New Mexico
Southwest Exchange
Exchange
Pioneer
George Mitchell
New Southwest Exchange
Pioneer Savings and Trust
Fourth Street
Pennsylvania Avenue
Roswell Agent Completes CIC Seminar in Texas
Wayne Glass of Reed and Glass Inc Insurance Agency Roswell completed the annual continuing education requirement of the Society of Certified Insurance Counselors by finishing the James K Ruble CIC Seminar hosted in Deanls Texas recently.
MENTIONED IN THIS ARTICLE
Wayne Glass
Reed and Glass Inc. Insurance Agency
Roswell
Society of Certified Insurance Counselors
Austin
Texas
James K. Ruble
Deanls
Money structure and the dominance of deposits in the money stock
The piece explains how money creation occurs mainly through transactions accounts rather than media of exchange. Deposits, currency in circulation, and the balance between currency and deposits drive the money stock, with over 70 percent of the $440 billion total money stock at end of 1981 in transactions deposits. Danny T. Skarda notes his banking role as guest columnist.
Also Mentioned on This Page
The
Associated Press
Fliakos
Tierra
Prime Design Incorporated
Teller Network
Glass
Diamond Heart Farm Supply
P.O. Box
Roswell, N.M
Jimmy D
Roswell's Store For Men
Danny T. Skarda
United New Mexico Bank of
Stereo Liquidators
SANYO
Rhoads Plumbing
West McGaffey
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