Winnipeg Free Press

Winnipeg Free Press (Newspaper) - February 13, 1975, Winnipeg, Manitoba Winnipeg free press thursday february 13, 1975 Oil Cartel under Strai continued rain barrels a Day is capable of increasing production rapidly to about twice that amount. Iraq is eager for the extra Revenue that bigger sales would provide. But any expansion of Iraq s sales would have to be balanced by equivalent cutbacks by other open members or else the increased Supply in world markets would erode the Cartel Price. So far a . Senate source said the iraqis have been mollified by payments or promises of payments from saudi Arabia As compensation for restraining their Ambi Tion for new sales but it is unclear How Long this arrange ment can last. Pressure like these Are unlikely to bring any Early collapse of the Cartel according to government officials. And they admit they expect no major Price slashes in the immediate future. But the pressures Are at least forestalling any new Price boosts. What is More they Are seen As increasing the eagerness of open members to bargain about Price with the United states and other consuming countries. One sign of this is Hal open has Frozen its official Price until september despite continuing High inflation in most Industrial nations. In effect this will mean a slight reduction in the purchasing Power the Cartel countries receive in return for their Oil. There also have been some manoeuvres that in effect amount to Price shaving. For example according to Petroleum intelligence weekly a new York Trade publication Kuwait recently has been of move the Oil companies from the importing business and re quire exporting countries to Fenny crude Oil for Sale under i submit sealed bids to a terms providing buyers 60 Days government Agency a move within which to pay instead of would quickly pres the Normal 30 Days. Sure open members Mlo com. The extra 30 Days at current jotting among themselves for interest rates amounts to sales to the United Stales., about a 10 cells per barrel or under the present system a Quarter of a cent a Church and others argue reduction in Price. J the Oil companies in effect help administration officials manage its oversupply they believe _ the pressures on j by deciding in some cases grow which open members must the Cartel will continue dog although they Are More their exports cautious than they were last i when they foresaw a Energy and ministration study by Robert b were summer when they foresaw almost immediate Price cuts. I m not talking about the Day after Treasury Secretary William e. Simon told reporters recently but within two to four years we re going to see a significant drop in the Price of Oil. I guarantee you just As sure As i m sitting government analysts con tended that even without Mas Sive new government actions to conserve Oil such As pres ident Ford has proposed for the United Stales pressures on Are Likely to keep year has not yet families and the Cartel mounting. For one thing they noted the full Impact of the quadrupling of Oil prices Over the past been Felt businesses throughout the Industrial world Are continuing to seek ways to reduce their use of Oil through such devices As improved Insu lation and More efficient Auto mobiles. As the new supplies from Mexico and other non open countries Are brought into the world Market the Cartel will be forced to reduce output More and More to maintain prices . Officials predicted. As that happens they said the open nations will have greater difficulty deciding which of them should Bear the Brunt of production cutbacks. So far most of the curtail ments have been made by saudi Arabia and other Arab open members with relatively Small populations and hence a Small immediate need for Cash. By . Estimates saudi Arabia is holding Back barrels of Oil a Day Kuwait 1 5 0 00 0 0 Libya 2, 2 5 0 0 0 0 and Abu Dahabi by contrast Iran the second largest open exporter As shutting in Only barrels a Day while Venezuela and Nigeria Are holding Back Krueger a los Angeles Law yer and his associates has concluded that some govern ment intervention in negotiations for the Purchase of Oil is necessary. But the study urges a More limited government role than Church has proposed. Still other members of Congress including sen. Henry m. Jackson Democrat Washington and sen. Hubert i a. Humprey have argued that in View of the current recession efforts to curtail . Oil imports should be phased in More even smaller amounts about barrels each. As the size of the required cutbacks grows however saudi Arabia Libya and the others Are not Likely to keep bearing voluntarily so much of the Load according to . Officials. When that happens they said hard bargaining will be required within open to apportion the cutbacks some countries Are and slowly to shocks to employment and production Are More vigorous. Avoid giving the Economy new until Hospital work urged continued plan for the three hospitals the King George the Princess Elizabeth and the King Edward is a 15-year-old plan Llinat would have seen renova Tion of the existing 400 Beds in the three institutions plus the construction of an additional 100 Beds bringing the bed capacity of the institution to 500. Hand in hand with the build ing of new Beds and renovation of old ones would be a modernization of Back up services such As the Power House plumbing and wiring services Kitchen and laundry facilities and other items. The 100 additional Beds plus the service Wing plus the renovation of All that we have Here would have Cost an estimated million when the plans were first drawn up and proposed to the government about 15 years said the administrator. Later on it became about million and the last figure that the government had in estimating is Between million and Over s17 renovating the old buildings in fact now is considered just As expensive As building it All Likely to press for higher sales even at i said or. Hodgkinson. Lower prices to maintain their i it s now basically the same thing As far As Cost is con or. Hodgkinson said a number of meetings have taken place about future plans for the Hospital with a govern ment committee on extended care services headed by eve Lyn Shapiro the government s director of continuing medical services. The committee was set up partly because negotiations be tween Manitoba and the Feder Revenue. Al Hal Point the Price could fall As Low As 87 or a barrel compared Wilh the current Price of More than officials said. While this potential scenario is becoming widely accepted both in the . Administration and Congress there is Broad disagreement As to what poli cies the United Stales should adopt. Secretary of stale Henry a. City seeks govt. Aid on budget continued City claims the province should release. The City s request is based on a proposed formula of 10 per cent of total provincial government revenues from growth taxes the provincial sales tax liquor profits and taxes tobacco taxes gasoline and motive Power taxes individual and corporate income taxes and motor vehicle and Drivers licence fees. Total Revenue from these sources is about 5500 million and the City believes 10 per cent of this Money should be shared on a per capita basis with municipal governments. Under that formula about million would go to Winnipeg. This assistance would result in a property tax increase for Winnipeg of less than three Mills compared with the 20 Mills now projected the mayor said. The mayor said the cily has bad an unprecedented increase n costs because of inflation unification and servicing new Urban growth. Meanwhile the cily s prop Erly lax base produces Only merits to the province May be of this financial witchcraft it serves the purpose of Render ing local governments impotent and effectively maintains them in a Sale of perpetual near bankruptcy and dependency on provincial Eye blink Lucky continued told her husband had been pre pared for surgery to remove the organs that were to be Don ated. But when bandages were removed from his eyes just be fore the operation his eyelids began to Fuller. When she reached the Hospi Tal she asked her husband to blink his eyes if he could hear her and he did. Winogrond who began show ing some muscular movements after being transferred to the Kissinger and other top and Al government regarding Earli ministration officials to explore the take Swift enactment of president Over of dec lose Hospital by Ford s proposals to reduce Oil imports by barrels a Day by the end of this year through a series of taxes and other government actions de signed to raise gasoline and other Oil product prices by 10 a cols or More a gallon. This they argue will Pul even More pressure on the car Tel. Moreover they contend the example of the United slates the province broke Down late last year. No such Transfer of Deer Lodge to provincial jurisdiction is anticipated for the foresee Able future. M r Hodgkinson said the Commilee will hold ils final meeting next monday and a re port will then be prepared for health minister Larry Desjar dins. The administrator indicated the Hospital might know by the i would encourage other mus end of this month Ilsi trial countries to reduce their imports by a combined total of As As another million barrels daily. Some members of Congress including sen Frank Church whose sen ale foreign relations subcommittee recently completed a study of multinational Oil companies want the United Stales to go even further. They Call for imposition of a quota to re Duce . Imports by barrels a Day. In addition they want to re plans for renovation and expansion have been approved and in what form. But no matter what is de i cited the fact remains that we could have had for s2.5 million what will now probably turn out to Cost the taxpayer More than Washington pieces of ends of cheese that have be come dried and hard can be grated and kept refrigerated in a Glass Jar and used for garnishing vegetables soups Etc. Modest increases in annual revenues. I intensive care unit continued the province on the improve but remained in land by virtue of ils monopoly critical condition wednesday n the Fields of ability to pay axes and consumption oriented taxes has enjoyed phenom enal increases in its revenues without the necessity of in creasing its rate of mayor Juba said relatively minor changes in shared Cost programs and tax rebates to property owners have done Little to help the City s financial position. A h a t e v e r the political Paris the beginning of writer Victor Hugo s 80th year he died in 1885 at age 83 was celebrated As a holi Day in France. A half Iril lion admirers filed past his Home and banked the grounds Wilh Flowers. The Avenue d eylau one of 12 radiating from the Are Detriomphe was Ren amed Avenue Victor Hugo. Peace prospects increase i continued or. Kissinger has said this before but the fact that he re pealed it following talks with the leaders on both sides suggested that he was More con Vinced than Ever that a Deal could be struck. Or. Kissinger said wednes Day afternoon that he and or. Sadat had had a detailed re View of every aspect of the situation. He added i think we have made Progress in clarify ing the issues indicating a direction in which a solution could be found we will continue our talks in the eve Ning and i m hopeful that fur ther Progress can be made. In fact i m confident that further Progress will be any agreement not to Start hostilities would have Many difficulties egyptian sources said. For example it would not be effective if Israel initiated hostilities against Syria. Also Given the difficulty in deter mining which Side started hostilities there would be questions about How solid such an agreement could be. Sources did not make Clear such crucial details As whether such an agreement would be signed with Israel or whether Egypt would seek to do it through a third party presumably the United states. In israeli eyes this would diminish its value because Israel is seeking tangible evidence that it is becoming accepted in the Middle East by the Arab world. But or. Sadat has difficulties with other arabs and can not appear to be making a sep Arate Deal with Israel that would freeze the israeli occupation on other fronts. Nevertheless the reporters aboard or. Kissinger s plane Enro Ute to Cairo wednesday morning were told that or. Sadat understands that Israel must receive something Tangi ble in writing in return for any substantial withdrawals in the Sinai. Thus despite the fact that egyptian newspapers Are reporting that Cairo will make no political concessions for what is being characterized Here As a purely military move it is Clear that or. Kis Singer knew in Advance of his meeting wednesday of or. Sadat s intentions tuesday night before Leav ing for Cairo or. Kissinger stated publicly at a dinner in Jerusalem that it would be unimaginable for Israel to give up occupied territory without concessions in return. At the same time he said Israel which was built on Faith is now asked to under take another act of and that it would be necessary to relate the tangible Possession of territory to the intangible necessities of legitimacy and acceptance and the desire for in his talks with Premier Rabin and president Sadat or. Kissinger is in the process of trying to match the conces Sions each Side will give. Re porters were told that if or. Kissinger could not achieve a major israeli withdrawal with appropriate concessions from the egyptians he would see whether a More modest withdrawal could take place with a correspondingly smaller re turn from Egypt. Egyptian officials say a lesser withdrawal would be unacceptable. At the same time or. Kis Singer was described As having seen an evolution in israeli thinking. Whereas before they spoke Only of a withdrawal of 18 to 30 Miles holding on to both the Sinai passes and the Oil Wells officials in Jerusalem Are now prepared at least to discuss these Points even though the Price for them May not be attainable. The Oil Wells present a Spe Cial problem or. Kissinger s position is that if Israel with draws from Abu Rudeis some alternate arrangement will have to be made to assure Petroleum supplies. The output from the Sinai Wells now sup p 1 y about half of Israel s needs. Whether it be a Large or a Small withdrawal however israeli officials say they now Are committee to the idea of getting a new interim agree ment with Egypt. As or. Kis Singer left Ben Gurion Airport wednesday morning foreign minister Yigal Allon said i sincerely believe that an interim agreement is badly needed by All the parties concerned i can understand there May be different approaches As to How this interim agree ment should be achieved and what should be the results of it but once we Start we must Slick with the initiative until we gel positive or. Allon was answering critics in his Man country who arc calling for a return to the Geneva conference to try to get a full settlement rather than Slick Wilh or. Kissinger s slip by step approach. Carbon monoxide deadly Carbon monoxide in the Low Levels that Are found in the passenger compartment of a car can narrow the Driver s Field of vision slow reaction time and decrease concentration ability. Tribe has words Monrovia Liberia the largest tribe in Liberia the Kopelle has its own Lan Guage and a dictionary of More than words. 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