Experts say energy costs will rise and Middle East oil gains pace
Energy experts warn rising costs are just beginning with oil demand surging through the 1970s. They note a new deal among Western majors and Persian Gulf producers cements 20 percent initial and 51 percent control within a decade, shifting leverage to Middle East producers who hold about 70 percent of known reserves. The United States could import up to 60 percent of oil by 1980, largely from the region, raising strategic stakes amid war risks and calls for broader resource control. Saudi Arabia proposes duty and quota free status for its oil in US markets as ex tremely important.
MENTIONED IN THIS ARTICLE
Phil Newsom
UPI
Persian Gulf
Saudi Arabia
Abu Dhabi
Iraq
Kuwait
Qatar
Emirates
Middle East
Organization of Petroleum Exporting Countries
OPEC
Algeria
Indonesia
Nigeria
Libya
Venezuela
Iran
United States
Mideast
Sheikh Yamani
U.S. State Department
Energy costs rise as domestic supply cited as solution
Edwin L. Kennedy of Lehman Brothers, in Petroleum Today, argues the energy honeymoon is over and the U S should boost domestic supply. He estimates $475 billion for domestic exploration and $75 billion for working capital over 14 years, plus another $50 billion for oil and gas development, funded by an immediate price increase.
MENTIONED IN THIS ARTICLE
Washington
American Petroleum Institute
Petroleum Today
Edwin L. Kennedy
Lehman Brothers Inc
Kennedy
Investor vs Speculator Difference Question
An investor seeks long term value and income from assets, while a speculator trades for short term price moves. The distinction hinges on risk exposure, time horizon, and underlying asset quality.
Bond versus preferred stock investment values explained
The discussion contrasts corporate bonds and a company's preferred stock focusing on interest versus dividend payments, tax rules, and risk. It notes bonds are paid before dividends in bad times, and that higher rates or sound financial history can tilt favor toward one. It also argues bonds may endure rate rises better as prices adjust.
MENTIONED IN THIS ARTICLE
R.H. A
G.D. A
Arizona-Colorado completes 5.5 million cattle deal package
Arizona-Colorado Land & Cattle Company says it exercised its Cone Ranch option for 3.5 million and agreed to acquire Texas Beef Producers of Dumas Texas for about 96,000 shares. The two deals total around 5.5 million and boost the firm’s Southwest feedlot capacity to 82,000 head.
MENTIONED IN THIS ARTICLE
Arizona-Colorado Land & Cattle Company
Florida
Texas
Dumas
Tex
Amarillo
Cone Ranch
F. Michael Geddes
Calle del Medio
Arizona-Colorado
Texas Beef Producer
Southwest
Arizona- Colorado
U.S
AMT to Acquire Dunbar and Pringle Inc in Scottsdale
Local brokerage AMT announced it has acquired a majority stake in Dunbar and Pringle Inc of Scottsdale. Philip Young, AMT president, will lead Dunbar and Pringle as AMT Securities, moving offices to the Financial Center in Phoenix and expanding into local issues and distribution of listed and unlisted stocks and bonds.
MENTIONED IN THIS ARTICLE
Applied Management Technology Corp
Dunbar and Pringle Inc
E. Lincoln
Philip Young
AMT
Dunbar and Pringle
AMT Securities
Financial Center
N. Central
Cert Young Eee
Arizona
Young
Young, Smith, and Peacock, Inc
Optimistic Nonurban Arizonans Cite Strong Economy Outlook
The October Profile of Arizona report from First National Bank of Arizona notes nonurban areas including Yuma Flagstaff Pinal County and Globe-Miami-Superior show rising optimism about prices and personal income. Over 28 percent bought autos in early 1972 with many purchasing new cars.
MENTIONED IN THIS ARTICLE
Yuma
Flagstaff
Pinal County
Globe-Miami-Superior
Arizona
Profile of Arizona
First National Bank of Arizona
First National Bank of Arizona Offers Family Financial Education
The bank provides a free Family Financial Education Program for Arizona high school teachers. Materials include a teacher guide and student workbooks on managing income and credit responsibility. The program aims to teach personal credit and checking and savings use, with over 20 000 Arizona students using the workbooks last year. Dr Weldon Shofstall approved the program for state high schools.
MENTIONED IN THIS ARTICLE
First National Bank of Arizona
Arizona
Weldon Shofstall
State Superintendent of Public Instruction
FNBA
Job Safety Seminar for Managers in Arizona
A November 30 seminar by Arizona State University Center for Executive Development targets managers with safety decision power. It covers the Occupational Safety and Health Act of 1970 and OSHA operations in Arizona, plus state OSHA legislation. Registration is 17 dollars, includes materials and lunch. runs 8 a.m. to 5 p.m. Call 965-3441 for details.
MENTIONED IN THIS ARTICLE
Arizona State University Center For Executive Development
Occupational Health Administration
U.S. Department of Labor
Arizona
Department of Occupational Safety and Health
Industrial Commission of Arizona
Scottsdale Employees Eligible to Buy U.S. Bonds
City workers may invest up to 99.99 dollars every two weeks through a Payroll Deduction Plan announced by City Manager Dale Carter. Employees choose bond denominations and Series E Bonds are purchased and mailed. Series E Bonds carry 5.5 percent interest to maturity and tax deferral on federal taxes applies until redemption.
MENTIONED IN THIS ARTICLE
Scottsdale
U.S
Dale Carter
Jim Jenkins
Jenkins
Also Mentioned on This Page
Daily Progress
Judith
Rhoades
NEW York Life Insurance CO
Camelback Rd
Scottedale
Sopety End Station
Stor
Supreme Equipment & Systems Corporation
State of Arizona
Quipment. & Systems Division
P.O
Phoenix
Wiative
ED Karian Rent
Catale
Ken Ross
Managing Money
Banyoh
Cental Avenue
Camelback Road
32Nd Street
Scatdale
Royal Bond
Bond
Royal
Royal Copier
Royfax
Rios
Heyst
Tide, Araters
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