Show Jack Anderson CLAIMS IRAQIS RAID OIL FIELDS ig Oil Rips Consumer WASHINGTON — No amount of jawboning from the White House has been able to keep Big Oil from going its merry buccaneering way ripping off the American consumer for gasoline and home heating fuel Even the president’s astonishing tirade against Mobil w'ill probably have no chastening effect on the recklessly greedy oil companies The trouble as Jimmy Carter’s top inflation fighters admitted in a memo late last year is n in the administration’s voluntary on Council itself and The Price program Wage a as as is far Stability (COWPS) paper tiger Big Oil is concerned they explained to the presianti-inflatio- dent The confidential memo written by presiden- tial advisers Stu Eizenstat and Alfred Kahn boasts that “price guidelines have been re- markably successful in restraining price increases in most other industries” but concedes that the White House effort has not produced a “similar restraint in petroleum products” Eizenstat and Kahn explained that “even if through sophisticated accounting methods it turns out that most individual companies are in compliance with the letter of the standard the aggregate data leaves no doubt that the industry as a whole has not complied with its spirit” In other words with a little effort by their accounting departments the oil companies can rake in enormous profits and still be technically within the COWPS guidelines The basic problem is that only refining — a small part of the oil industry’s operations — is covered by the guidelines Crude oil production distribution and marketing are not “The extent of COWPS authority can at best be expected to affect only a relatively small portion — the refiners’ margin — out of the total retail price of gasoline home heating oil and other refined petroleum products” explains an unpublished analysis of the guidelines prepared by the General Accounting Office And even in this limited area of supervision COWPS has been letting the oil companies get away with murder In one recent report for example COWPS disclosed that there had been an average 45 cent per gallon increase in the refiners’ margin during the first year the voluntary guidelines were in effect That was almost a 45 percent rise in the margin “A standard under which such an excessive increase can occur for reasons other than noncompliance must surely be considered suspect” the GAO study observes The trouble is that the president’s voluntary program relies on the patriotism and moderation of industry and labor and there are appaChristians in the boarrently few drooms of Big Oil The chief executive of Exxon for example was paid $977993 in salary and bonuses last year while the price of gasoline soared over $1 a gallon The No 2 man drew $611023 With motivation like that it’s small wonder the oil moguls shrug off the administration’s pitiful helpless giant steps to control inflation The only weapons COWPS has against those who exceed the guidelines are the withholding of government contracts and the spreading of bad publicity And these are singularly unsuitable weapons with which to belabor Big Oil The government-contrac- t stick works only if there isn’t much demand in the private sector for goods the government refuses to buy Obviously this is not the case with oil As for bad publicity the GAO analysis notes “To be effective publicity would have to have the potential for damaging a company’s image Oil companies are subjected almost daily to a barrage of bad publicity in the media” Concludes the GAO analysis: “It is then reasonable to believe that neither of the sanctions available for enforcement of the COWPS price standard are (sic) likely to have substantial effect on the oil industry’s behavior” It’s too soon to assess the impact of the administration’s blasts at Mobil But the smart money didn’t seem worried In late February COWPS accused Mobil of violating the price guidelines and the firm’s stock jumped $450 per share After President Carter’s blast the price of Mobil’s stock went up $175 the next trading day Near Miss Iran Pulls Diplomas Wrecks Train LAKE VIEW NC Iraq sent a letter to (UPI) — An Amtrak Kurt WalUN Secretary-Genera- l whose train dheim demanding that Iran with- engineer head-ocollided with draw its troops from three islands a freight train may west of the strategic Strait of Horhave missed a yellow muz in the Persian Gulf The official Iraqi news agency caution light because within 20 feet of the quoted the letter from Foreign Minister Saadoun Hammadi as de- light his train almost hit a school bus a manding Iran “halt its expansion- had federal ihnvestigator ist and aggressive policy” Iranian forces of deposed Shah says Mohammad Reza Pahlavi ocHubert H Jewell Iran pulled its diplomats out of Iraq today and reported a new Ira- qi raid on its southern oil installations as relations frayed between the two Middle East neighbors Iran’s official Pars news agency said Iranian diplomats in Baghdad n the Iraqi capital were ordered home because of strained relations between the two countries Pars also said about 70 Iraqi raiders attacked oil installations and a police post in the southern Iranian border province of The raiders were repelled by Iranian fire Pars said No casualties were reported but an oil storage tank was damaged the agency said Pars also reported that Iraq had driven 1300 people across the border into Kermanshah Province today and Sunday “It was not clear yet” if all those forced out of Iraq were Iranians the agency said MOSCOW (AP) — Walter Cronk-it- e never resorted to such “decep- tion and slander” said Tass after Dan Rather the CBS anchorman’s successor visited the Afghan rebels and reported evidence that Soviet troops are using paralyzing nerve gas in Afghanistan The official Soviet news agency charged that Rather’s report from cupied the stragetically important n a National islands of Abu Moussa and the Les- Jr Safety ser and Greater Tumbs in Novem- Board investigator ber 1971 the said during Iran and Iraq have engaged in an weekend the narrow increasingly bitter war of words miss with the school since Ayatollah Ruhollah came at a crosKhomeini’s Islamic revolution bus sing toppled the shah in January 1979 Jewell said the train In addition to the territorial disaidof has Iran accused probably was travelpute Iraq in secessionist rebels Kurdish ing 60 to 65 mph at the ing northern Iran crossing the rebel side of the Afghan war s “60 MSunday night on inutes” was part of “the provocative campaign launched by the Carter administration” It also spelled Rather’s name Raser Rather producer Andrew Lack Tran-portatio- ah 5A Monday April 7 1980 er ©meH Seay CB ffoiry Lies On Sunday Associated Press Ker-mansh- Standard-Examin- CBS-TV’- cameraman Mike Edwards soundman Peter O’Connor and Eden Frye an expert on Afghanistan donned native clothing and entered eastern Afghanistan through neighboring Pakistan They visited a rebel command post in the mountains and accompanied the Moslem guerrillas on reconnaissance and attack missions One rebel leader Yassini told the Americans he had seen Soviet troops use both napalm and gas A doctor who was a member of squad said the Russians Yas-sini- ’s dropped a bomb which produced a black smoke that left the Afghans unconscious for about 30 minutes Tass said the charge was false Frye “judging from his appearance is most likely a CIA agent” However Tass based its account on a report of the program in the Christian Science Monitor and apparently was not aware that Eden Frye of Harvard University who was Rather’s interpreter on the program is a woman born-agai- n r i our customers with a greater selection we're introducing our new Gift Catalog containing 367 gift items appliances stereos sporting goods tableware and much much more To provide Here’s how it works With any deposit over $100 you will receive a number of Gift Cer- Remember When 20 tificates depending upon the amount of the deposit 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We’re offering a new Money Market Cer- tificate that lets of World War II every saver take The Layton Jayceette members held their annual Mothers and Daughters luncheon at Ma’s and Pa’s in Roy Mrs Vaughn Fowler was director in charge of the luncheon with Mrs Gerald Jones as chairman and Mrs Richard Haynes as New officers were installed at the Hopkins PTA meeting They were Mrs Hazel Udink president Mrs Martha Quintana vice president and Mrs Ruby Montierth secretary Crews at the Willard Reservoir dike prepared to resume work on the $8 million project The 215000 acre foot water storage facility was scheduled for completion in 1963 advantage of today’s high interest rates and the rate is guaranteed for a full 30 months Even if other rates go down Your interest is compounded more than daily and United pays any bank can pay And savings are federally insured to $40000 an 50 mm: YEARS AGO April 7 1930 Rawson superintendent of the D Dee Memorial Hospital was electThomas ed president of the Utah State Hospital Association for the eleventh time at the meeting in Salt Lake George Faulkner took first honors at the hill climb open motor event at El Monte Springs Era Kammeyer took second and Dave Moore third Eddie Kammeyer won the big El Monte loving cup in the stock motor event with Emil Dinsdale and Lewis Giles tying for second W 30-Mon- th W honors World wide tribute was paid to Dr William H Welch of John Hopkins Hospital Baltimore g research on the control of for his disease Welch spread through America the life-lon- theory of scientific bacteriology Sales of ice cream mounted as a result of a heat wave that gave Ogden one of the warmest April days on record Ice cream was selling at 50 cents a quart and an ice cream cone cost one helping you be MoirneyWnse Join United Savings for opening night at the ballpark April 11 For only 50c see the Salt Lake Gulls play the Ogden A’s Pick up your discount tickets at any United Savings office OGDEN BOUNTIFUL SALT LAKE CITY 2462 Washington Boulevard 319 South Mam Bountiful UT 84010 376 East Fourth South Salt Lake City UT 84111 292-242- 363-755- Ogden 393-860- UT 84402 8 2 ORLM WEST JORDAN LAYTON 372 East 1300 South Orem UT 84057 South Redwood Road West Jordan UT 84084 360 South Fort Lane Layton UT 225-382- 566-164- 766-124- 1 7991 5 6 SALT LAKE CITY 18 West Broadway ' COTTONWOOD Salt Lake City UT 84101 1845 East Fort Union Blvd Salt Lake City UT 84121 363-386- 943-436- 1 Watch for our new office opening at: 42nd and Harrison Blvd Ogden UT 84403 627-181- 0 ' 0 F5L1C iMsk W nickel X |