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Show fiV 77i? 0 Enterprise Review , September , K 7976 Take D. VanDeGraaff Executive Director, Utah Petroleum Association The United States uses 685 billion gallons or almost 16.3 million barrels of oil every day to power its automobiles, heating systems, air conditioners, factories, washing machines, etc. Worldwide, petroleum consumption is near 56 million barrels a day. To keep pace with growing demand, experts estimate the U.S. will need to invest$25 billion every year for the next decade. A U.S. Treasury Department official recently estimated that total energy investments would total $580 billion over the next ten years. The petroleum industry worldwide, according to Chase Manhattan Bank, will need to invest at least $489 billion to find and develop petroleum and another $475 to transport, process and market it. And all this amidst Congressional talk of dismantling the 18 oil companies. It will take their combined assets top plus many billions of dollars of borrowed money to provide the tanks, pieplines, refineries, drilling rigs, terminals and retail outlets required to deliver 685 million gallons of petroleum every day to Americans, plus an additional 1.7 billion gallons a day to consumers throughout the world. Onlv Risks We Can Afford w QOW iote HOCM. mr Massive energy requirements naturally require companies large enough to meet them, the question, then, is not the size of the corporate enterprise, but whether any company, large or small, oil realted or otherwise, is responsive to a broad range of public needs. To be sure, the U.S. has not been insulated from the effects of the OPEC cartel. Energy supplies cost more because OPEC increased the cost of oil 400 in less than three years. And we are currently dependent on foreign oil for more than 40 percent of our needs. But in taking risks, the large companies have found and produced vast reserves of oil. In 1973, however, three oil companies drilled for oil in the Northeast Gulf of Mexico. They paid the federal government $633 million for the right to drill on a promising geologic structure know as the Destin Dome. They spent another $15 million drilling seven exploratory wells undemater. They risked a total of $648 million. The result was seven dry holes. But because they are big and because they shared the risk, all three are still in business, finding and producing more oil. If this nation is going to have enough energy, were going to have to continue to take the kinds of risks that big companies can afford to take. mrtv tfo late J LO5 Ivw)r7 I late Vfc'? seif PITV. iw NARCISSISM. ABOUT TO w W&FQST SMU6 THAT WHAT 1 LOtB we ' Hfl5TlU7V Fl6Ff IUU J-z- H-T- . C-i . o&Wcaut' vem iio tWiFFERem. Wfl ILCNtOCHS. rdsmj r eeuevs I we KIVP - 09555009. flTUl flfigf erm I LOte VOM rTiT ABUSE UXW I 'SOM UWPERARRST WARE pezm? Hffi&meR. L , ; PIS-A6R- S6 wi mr m W. DIMWW I OF Mf MTH me FAS 0PN ff mtm.u Pragmatic Dogmatics Campaign Debates by Kent Shearer President Ford stole a march on Jimmy Carter by challenging the Georgian to debates during their forthcoming presidential tilt. The a bare twenty-fou- r Democrat had planned to throw his gauntlet at the feet hours later of the incumbent. The contagion has spread to the running mate level and we also shall observe Dole and Mondale in forensic confrontation. Debates at the highest political eschelon are somewhat unique. For the presidency, sixteen years have passed since Richard Nixon and John Kennedy squared off. Usually the front runner is loathe to embrace a format in which he can only lose ground. Nixon in 60 and Carter this year may have allowed their conceit to outrun their judgement. Locally, however, joint appearances are Utahs convention pretty standard fare. system constitutes a series of platform sharing experiences. Civic clubs and church groups furnish other forums, as do the electronic media. There is virtually no way that aspirants for high office can duck these opportunities. Although U.S. Senators and Congressmen can plead pressing duties in Washington (a concern which is not manifested by their days), capitol absenteeism on alibi. others have no such The upshot is that Utahns, hardened to the non-deba- te realities of campaign debates, may be able to offer helpful pointers even to the high, mighty, but relatively inexperienced vocal gladiators who soon will face national television audiences, as well as each other. Among them: First, never underestimate your opponent. To this end, prepare to meet an adversary who is twenty times tougher than you think that Do not allow your opponent really is. preparation to be deterred by the syncopants who tell you youll murder the bum. A good example was furnished during the Vietnam conflict, when Ronald Reagan and Robert Kennedy had a televised confrontation before college students. Kennedy came equipped with the latest list of anti-wa- r slogans. drilled who had for was armed Reagan, days, with facts. Everybody, including the predomkids, pronounced Reagan inately victor. the Nixon, for that matter, may have considered himself the experienced ant, John Kennedy the playboy grasshopper. But, when they wre through, JFK was king of the hill. Second, pay attention to format. Have detailed rules, and be certain you have a moderator who is ready and willing to enforce them. Prefer a panel of hard, but fair, professional questioners reporters should, but often do not, fit that category; academi anti-Vietna- m cians, unlike newsmen, are likely to deal with substance rather than sensationalism. Never, if you can avoid it, have adversary questioners; if you cannot so avoid, be certain you have the most capable trail lawyer in the state in your corner (unless, of course, you are an attorney and think yourself the best then get the second best). Third, play the game. Nobody expects Jimmy Conners to wear football garb to play tennis. Yet, Nixon lacked favorable make up when he took on JFK: the result was that RMN was deemed the winner by those who listened to radio, but the loser by those who viewed on the tube. If viewerlistener calls are allowed, have a phone network from which questions for which you are prepared (either friendly or antagonistic) clog the line. Be certain that your clothing will be transcribed by TV cameras as something other than a con man's or clowns suit. Most of you, along with me, will view one or more Ford-Cartdebates; only true fans will branch out into the Triple-affairs (although the latter may be more interesting than a Michigan wedge against a Cheshire smile). However frequently you ask spectate, yourself if you could have bested either contestant. If you answer affirmatively, you either have a future in politics or, like most who run. just think you do. er A Dole-Monda- le i |