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Page 10 text:
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Syniiieiiic oil may WASHINGTON - Rep. John B. nderson of Illinois, a progressive Re- iblican and one of the most highly :spected public servants of any party, aned across his desk in the Long- orth Office Building, and stabbed a iger in the air. A , If we'vc got 300 years of coal in the ound, werare damn fools if we aren't nding a very strong signal to OPEC ght now, Anderson said. 'We've got a way of out-foxing iu,' we ought to tell them. 'We aren't Jing to sit there, fat, dumb and happy hile you set the price and tell us how uch oil, we can have' You know, e're like a guy hitting himself on the sad with a hammer to see how long it ill be before he gcts a headache. The OPEC price-gouging has got hite-haired John Anderson, the latest epublican presidential candidate, as 'igry as he can be. He is not alone. For r- A A- -W ,.:.-aA INDIZV' 1,....,....,-,A vlan W' ' 4 7 ins it ROWEN' . K ' Hill Im XM' 'J boom on an unsuspecting world in 1973, there is a growing consensus that some countervailing power must be brought to bear to out-fox the cartel. Presidential aides are desperately trying to formulate a plan that Jimmy Carter can present to the Tokyo eco- nomic summit at the end of the month that will encourage oil-consuming countries to shun spot market prices that are more than, double the official OPEC list A It is doubtful that Europeans - es- pecially the 'French - who sickeningly toady to the Arabs, will do much to be ariisvi help. But for the first time, an Ameri- can administration seems willing to ex- plore ways of trying to dent OPEC's power, beyond trusting the dubious magic of decontrol. I Arthur M. Okun, the innovative economist who headed Lyndon John- son's Economic Council, argues that the basic tactic should be to shake the premise that oil in the ground is worth more than oil that they pump. What Okun suggests is a Manhattan-type project to create new energy resources -- something of the scale and urgency that produced the atom bomb during World War Il. One ot' the most promising ideas comes from three members of the Washington establishment with close ties to the top corporate structure of the country. Lloyd Cutler, senior part- ner of one of Washington's biggest law firmsg Paul Ignatius, former Secretary of the Navyg and Eugene Zuckert, for- 'g names head Con List includes sports figures, Compiled from staff and wire reports AUSTIN - Earl Campbell, Dr. Denton A, Cooley, Tom Landry, Ray Price, Darrell Royal and a state sena- tor who campaigned for Ronald Rea- gan in 1976 were among 36 Texans named Saturday to a John Connally - for President National Campaign Committee. Winton Blount, campaign chair- man, said the national committee will be an advisory group on. campaign strategy and issues. ' Landry, coach of the Dallas Cow- boys, served on former President Gerald Ford's campaign committee in 1976, but said Saturday he doesn't believe Ford will run for the Repub- lican nomination in l980. Landry said he believes Connally is the best person for this country todavf' The Cowboy coach said he is sup- porting Connally because I like a man who, when he has all the facts, can make a decision and stand by it. Landry, who said he considers himself an independent, said he is at- tracted by the former Texas gover- rior's decision-making ability rather than any particular position on the issues Connally has taken on the is- sues. Other Texans named to Connally's committee included: 0 Sen. Betty Andujar, R-Fort Worth, the only woman and one oi four Republicans in the state Senate who served as Reagan delegates tt the 1976 GOP convention, 0 Campbell, the Houston Oilers football playerg 0 Cooley, Houston heart surgeong 0 Price, Dallas entertainerg
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Page 9 text:
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iffy 'fair' J. 1 i 1- x F' . as ' '1 miss- -. L ,.,...,., 4. f 353 123: Clockwise, from top right: Tracy Pirkle has fun in the snow last January. Our own three stooges, Wanda Smith, Judy Sawyer, Peggie Clayborn. That monkey in the tree is Senior Raul Enriquez. The teacher's work does not end in the classroom: here Mr. Willis uses passing period to counsel Chris Pipkin and Johnny Greer. John Johnson and Chris Lee build sets for the Cinco de Mayo program. Senior English teacher Ms. Berry works after school with Kay Summerhill and Wanda King. Speech teacher Ms. Krug goes that extra mile, even in the trunk! 1 I 5
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Page 11 text:
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DALLAS TIMES HERALD, Sunday., lune 10, 1979 er fo PEC price-gouging mer Secretary ot' the Air Force. pro pose a 33100 billion. gt-net-iimeiit-it. nanced effort to create a synthetic oil industry capable of producing 5 million barrels a day. That's equal lo a hit more than hall' the current import lev- el. Their model for a Petroleum llcserve Corporation is the highly successlul World War ll effort that from scratch created a synthetic rubber industry when the Japanese cut us oil iroin most oi' our natural rubber imports. The Cutler-lgnatius-Zuckert plan would have the government linanct- and build synthetic oil plants. to be op- erated or leased hy private companies. The technology is no mystery f- just expensive. Germany, they point oiit. fought the last war' with synthetic oil produced from coal. lt can also be squeczcd out ol' shale. tar sands and farm crops. UA standing capacity to product- 5 iiitlltoii barrels daily lrom indigenous sources. they say. would be ol' incals culablc value to the United States and the tree world --- whether or not this capacity is continuously used. Thus. it OPEC decided to pump more oil. the plants could he shut down. or produc- tion limited. The government, not the private operators, would take tlic risk. lt the cost seems high, the authors ot' the plan point out. 5 million barrels a day til imported oil cost billion it year and the price moves up at tlljliifs whim. X But what si national insurance policy? This nation would no longer be politis t-.tllv econoinieally, and strategically 'vulnei'ol5le to OPEC Under the au- thors' concept. the Petroleum Reserve t'orporation could finance plant con- struction by selling bonds, or through a it indiall tax yielded by decontrol. A high government official told this column that Cutler, Ignatius and Zuck- ert are on the right track. And a va- riety ot hills to do something beyond mere decontrol ot' domestic oil prices is in the congressional hopper. Anderson and some oi' his colleagues. including .James J. .letlords QR-Vt.l co- incidentally have introduced a Fuels Replacement Bill. lt would require re- finers to substitute synthetic oil, alco- hol or other fuels up to 10 per cent ol' their refinery mix by 1987. lt this idea is so sound, .lel't'ords told reporters, you might ask, 'Why liasti't the Department oi Energy sug' gested it ' One DOE spokesman gave me a candid answer that isn't likely to he repeated puhlicly: The DCE consid- ered il. hut hasn't used it hecause the oil companies didn't like it. ' All rings true But the best news tn Qi lone time is that elsewhere in the gov- ernment. and anooiig publicrspirited citizens. ideas that neither the oil com-I panics nor OPEC inay like are being pursued with vigor. - 1979, llte Vlashington Post Ctiniliaiiv molly campaign panel businessmen and politicians . 0 Royal, University of Texas ath- letic director, C Former astronaut Eugene A. Cernan, now a Houston corporation executive, 0 Former Texas secretaries of state Roy R. Barrera of San Antonio and John B. Shepperd of Odessag 0 Dr. George Beto, former head of the Texas Department of Correctionsg 0 Dr. Truman G. Blocker Jr. of Galveston, president emeritus of the University of Texas Medical School: 0 H.E.'Chi1es of Fort Worth, head of the Western Company and a re- cently named North Texas State Uni- vers: ty regentg 9 Herbert J. Frensley of Houston. Brown and Hoot Inc. presidentg 0 CW. Cook of Austin, former General Foods Corporation headg 0 Paul Eggers of Dallas, GOP nominee for governor in 1968 and 1970i 0 Paul N. Howell of Houston, Howell Corp. president, l 0 Ray Hutchison of Dallas, formei Texas GOP chairmang 'Erik Jonsson, former Dallas d T ' I t I A- mayor an exas ns rurnents nc 5,113 Cv head, GALLQNS. o James C. Langdon of Austin T former Railroad Commission chair man: 0Dr. Abner V. McCall, Bayloi University presidentf 0 Byron Nelson of Roanoke, re tired professional golferg 0 Dr. Lorene Rogers, University o Texas president, andy 0 Jere W. Thompson of Dallas Southland Corp. president. . s mann ,,,,,,,,.i.t--ww. ww - ,Ninas arning. 901000 l Y' dntovvd 'G'
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