Senate panel warns of grievous gas shortages in winter
A Senate Interior Committee study warns of the most grievous energy shortages in U S history with potential daily oil deficits up to five million barrels this winter. It calls for immediate gasoline rationing and stricter heating oil regulation while the administration weighs timing and finance. The report notes risks to the economy and national security and cites impacts from high prices, truckers protests, and broader energy policy battles in Congress.
MENTIONED IN THIS ARTICLE
Washington
UPI
Senate Interior Committee
Herbert L Stein
President's Economic Council
Stein
House Commerce Committee
Nixon
Senate
American Trucking Assn
Association of American Railroads
E Energy Policy Office
the Agriculture
Caspar W. Weinberger
Department of Health, Education and Welfare
White House
Claude
Brinegar
Maryland
Delaware
Pennsylvania
New Jersey
New Castle
Del
Associated General Contractors
Henry M. Jackson
Dwash
House
United States
Ohio
Wilbur Mills
D-Ark
Ways and Means Committee
Air Transport Assn
Vesco Extradition Blocked by Bahamas Judge
A Bahamas judge ruled that New Jersey financier Robert Vesco cannot be extradited to the United States to face fraud charges. Vesco, linked to former Nixon aides, remains in the Bahamas with investments while Argentine courts reportedly found no basis for his extradition. U.S. officials denounced the ruling as developments unfold.
MENTIONED IN THIS ARTICLE
Nassau
Bahamas
UPI
New Jersey
Robert Vesco
United States
Vesco
Costa Rica
Argentina
Washington
Justice Department
Paul Curran
U.S
New York
Emmanuel Osadebay
Mitchell
Stans
Security and Exchange Commission
Nixon
Weather outlook with mild temps and rain chances
Mostly sunny and pleasant today with highs 35 to 40. Tonight clouds rise and cooling to near 20. Sunday brings a chance of snow mixed with rain with high around 40. Precipitation probability near zero today and 20 percent tonight. Winds variable to northerly 5 to 15 mph. Next week trends show rain Monday, clearing Tuesday, fair Wednesday, with highs upper 40s to low 50s and lows in 30s to 40s. Local rainfall totals are Middletown 45.52 inches to date, Monticello 53.06 inches, Newburgh 41.67 inches.
MENTIONED IN THIS ARTICLE
Middletown
Monticello
Newburgh
Also Mentioned on This Page
Feder
Treasury
George P. Shultz
Roy Ash
Federal Reserve
Arthur F. Burns
Herbert Stein
Council of Economic Advisers
John Dunl
Rockefeller Center
Wesco
Orange
Sullivan
Ulster
High
Low Middletown