Reagan Opposes Oil Import Cut as Core Policy
The Reagan administration argues that reducing foreign oil imports should not be the base of national energy policy. It projects imports dropping to 4–5 million barrels daily by 1990 while stressing market forces and private sector response over government subsidies, and notes continued Strategic Petroleum Reserve use.
MENTIONED IN THIS ARTICLE
Washington
Reagan
America
U.S
Associated Press
Carter
Richard M. Nixon
United States
Amercan
Congress
U S. Oe
Strategic Petroleum Reserve
Reagan Says U S Rates Will Stay High, Six to Twelve Months
President Reagan plans to push the message at the Ottawa economic summit that near record U S rates are temporary and will persist six to 12 months as a price to fight inflation. Treasury Secretary Regan said high rates are not permanent and will ease as inflation is tamed. European leaders worry that U S policy raises borrowing costs and hampers growth and employment.
MENTIONED IN THIS ARTICLE
Washington
U.S
Reagan
Canada
United States
Treasury
Donald T. Regan
Regan
Ottawa
Europe
Senate narrows gap to end busing filibuster
The Senate moves closer to ending a busing filibuster over desegregation, but a vote may not occur until after Labor Day. A cloture vote failed by six, as Johnston seeks to prohibit court orders for busing beyond five miles, amid broader tax and judiciary actions. Donna Pope of Parma, Ohio, confirmed as director of the U.S. Mint.
MENTIONED IN THIS ARTICLE
Washington
Senate
Bennett Johnston
D-La
Reagan
Congress
Johnston
Justice Department
Lowell Weicker
R-Conn
Sandra Day O’connor
House
Interior
James Watt
Senate Judiciary Subcommittee
Europe
Poland
United States
Judiciary Committee
Humane Society of the
Fund For Animals
House Merchant Marine Subcommittee On Fisheries and Wildlife
Donna Pope
Parma
Ohio
U.S. Mint
Mobil Bids for Conoco Mounted by $5 Billion Lean
Mobil seeks to borrow about 5 billion to bid for Conoco as Texaco and Standard Oil of California weigh offers. Conoco has told shareholders it is for sale and its board seeks to narrow the gap between intrinsic value and market price. Du Pont and Seagram also vie for Conoco control amid antitrust scrutiny and pending hearings.
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New York Times
New York
Conoco Inc
Mobil Corp
Mobil
Conoco
Wall Street
Texaco Inc
Standard Oil Co
California
Texaco
Eee
Standard
Rawleigh Warner Jr
Exxon
Warner
Mobil-Conoco
New York Stock Exchange
E.I. du Pont de Nemours & Co
du Pont
Seagram
U.S
Seagram Co
Canada
Corn prices expected to rise on strong demand
The Agriculture Department projects rising corn prices due to high U.S. and domestic demand for feed grains. Oct 1 1982 reserves may dip to the lowest since 1974, potentially lifting corn by about 10 cents. Russia may need to import 13 million tons in 1982 to sustain meat supplies.
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New York Times
Washington World
Agriculture Department
Department
William G. Lesher
Lesher
Soviet Union
United States
Polish grain deal endorsed by State Department amid broader support
The State Department endorses selling 400000 tons of U S corn to Poland as Rep Edward Derwinski pushes the accord. Polish Ambassador Spasowski seeks an $80 million credit extension to secure grain, while Agriculture Secretary Block and sales chief Alan Tracey note Poland can buy more feed grains under a 1980 credit plan, though new Polish requests remain unsettled.
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Washington
State Department
U.S
Poland
Edward Derwinski
R-Ill
House Foreign Affairs Committee
Romuald Spasowski
United States
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