OPEC raises base oil price amid 24 percent hike
The OPEC cartel lifted its base crude price to 18 dollars a barrel from 14 55 a hike of 24 percent with surcharges up to 2 dollars and a maximum of 23 50. The move, effective July 1, aims to curb consumption impact and could add about four cents per gallon to U S fuel costs.
MENTIONED IN THIS ARTICLE
Geneva
OPEC
United States
Organization of Petroleum Exporting Countries
Saudi Arabia
Qatar
United Arab Emirates
Ahmed Zaki Yamani
Yamani
Nigeria
Algeria
Libya
Uae
Venezuela
Indonesia
U.S
Carter
Alfred Kahn
Washington
James Schlesinger
Caracas
U.S. to Admit More Refugees As Energy Talks Move
President Carter announced the United States will admit 14 000 Indo Chinese refugees monthly doubling the current level as summit participants urged a United Nations conference on the issue. The plan would cost about 150 million dollars annually, with the Geneva meeting slated for the third week of July. The summit also aimed to restrain oil imports and expand relief and resettlement funding.
MENTIONED IN THIS ARTICLE
Tokyo
Carter
United States
U.S
Oth
U.N
Geneva
Japan
Icen
Britain
Germany
Canada
Italy
Carter to lower office cooling limit to 78 degrees
The Carter administration will set the minimum air conditioning limit in offices and commercial buildings at 78 degrees when rules take effect, a change from the originally proposed 80 degrees after objections from retailers, theater operators, and restaurant owners. Officials suggested possible use of alternative energy saving measures but warned enforcement and legal scope remain unclear. The rule could take effect as early as July 2 or next week pending congressional findings.
MENTIONED IN THIS ARTICLE
New York Times
Washington
Energy Department
Strike against inflation rally urged by consumer coalition
Washington AP reports a diverse coalition of 70 consumer, labor, religious and senior groups call for a one day fall strike to protest inflation surging to 13.4 percent annually. Ralph Nader joins teach-ins advocating COIN aims to reimpose oil price controls, curb health costs, subsidize food, and lower mortgage rates. Alfred Kahn warns oil price controls risk reducing conservation and worsening inflation.
MENTIONED IN THIS ARTICLE
Washington
Ralph Nader
U.S
Vietnam
COIN
Alfred Kahn
Kahn
Water problem lowers Saudi oil production capacity
Private analysts and U S officials say water seepage in the Sasaniyah field forces Saudi Arabia to cut maximum sustainable output from 10 million to 9.5 million barrels per day. They warn output cannot be raised above 9.5 million soon, threatening strain on capacity if near full production is required. The move suggests technical limits influence Crown Prince Walid’s stated restraint on increasing production.
MENTIONED IN THIS ARTICLE
New York Times
Washington
Saudi Arabia
United States
Sasaniyah
Carter
Energy Department
Crown Prince
Walid
Middle East
Byrd flies to Moscow to press Senate on SALT II
Senate Democratic leader Robert Byrd heads to Moscow to urge the Russians that the Senate will stamp SALT II. Republican Howard Baker vows opposition unless the White House and Moscow show willingness to consider amendments. Byrd warns against rushed judgments as hearings set for July 9. Supporters and opponents clash over Gromyko remarks and the treaty’s flaws.
MENTIONED IN THIS ARTICLE
Washington
Senate
Robert C. Byrd
Moscow
Howard H. Baker
White House
Soviet Union
Byrd
Baker
Andrei Gromyko
Windfall from decontrol exceeds first estimate
The Treasury raises its five year gross oil company revenue estimate from decontrol to 94 billion dollars, up from 65 billion, citing higher import costs and inflation. A 10 cent gasoline tax proposal is floated as a way to fund synthetic fuel development, though not endorsed.
MENTIONED IN THIS ARTICLE
Washington
Treasury Department
Treasury
Emil Sunley
Energy
John F. O’leary
Congressional Joint Economic Committee
O’leary
Southern Illinoisan Publishing Details and Rates
The Southern Illinoisan publishes Sunday and daily except Saturday from Carbondale Herrin and Murphysboro offices. Carrier delivery Sunday through Friday is 4.50 per month. Mail rates apply where carrier service is unavailable. Postmaster address changes to Box 2108 Carbondale Illinois 62901.
MENTIONED IN THIS ARTICLE
N. Clinois
Carbondale
Ill
N. 16Th
Herrin
S. 12Th
Murphysboro
Southern Ollinoisan Inc
Clinois
Southern Illinoisan
Carbondale Free Press
Herrin Daily Journal
Trojan plant shuts down 113 laid off at Wolf Lake
The Trojan chemical plant in Wolf Lake will lay off 113 employees at midnight Friday and stay closed until July 30. Assistant manager Bob Levan cited excessive inventory after a winter of full production and weak demand due to fewer housing starts and reduced highway work. The explosives maker could have kept half the staff working in July if trucking strikes hadn’t blocked shipments.
MENTIONED IN THIS ARTICLE
Ed Bean
Southern Illinoisan
Trojan Chemical
Wolf Lake
Bob Levan
Levan
Also Mentioned on This Page
Congress
Gar Alperovitz
Alperovitz
Murphysboro Iron & Metal CO
Gartside
Saudi
SALT
Gromyko
John Culver
D-Ilowa
Richard M. Nixon
Vladivostok
Marion
Hinds
Trojan
Discount Corner
Monroe
Southern Illinois University AT
Pili Edst
Buena Vista
Niagara
SUN
Family Swim Center
E. Main
Mall
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