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Show Oil companies break up could result in jobs, product loss oil companies Breaking up the major could lead to an $85 biljion loss in the Gross National Product (GNP) within two and annual losses of $14 bdlion for the American Petroleum Institute aaid In' addition," said Frank N. Ikard, Ummt 600,000 to one million Jobe could be -- years According to Hurd, CteCcfi) these estimates . are based on an API analysis of five studies of the probable costs of breaking up the nation's vertically integrated oil companies. By a majority of one, the Senate Judiciary Committee recently voted to report to the floor a bill that would bar oil firms from engaging n more than one of the industry's traditional activities production, transportation, refiningmarketing. THE FIVE STUDIES of the economic impact of divestiture were conducted by the Exxon Company, USA; Standard Oil Company (Indiana); Prof. Earl Thompson, University of California at Los Angeles; Prof. Edward Erickson, North Carolina State University; and by the - Resource Planning Associates, consultants to the National Oil Jobbers Council. Another study, which was not included in the API analysis, was conducted by the Congressional Research Service (CRS) ol the Library of Congress. Ikard pointed out that All of these studies based upon accepted economic models and assumptions show that breaking up the major oil firms will have a severe impact upon the American - - people. Furthermore," he continued, the CRS study, which was completed too late for inclusion in- the API analysis, and employs a more conservative approach to the problem, indicates that dismember - ment wm lead to a decline in the GNP ranging from $13.4 billion to $274 billion annually and will be accompanied by a loss of from 290,000 to 670,000 jobs. Wild horses, burros up for adoption 20. herds have been growing at about This each year. percent nJn. animals need to be removed wildlife to maintain a proper balance with to protect livestock domestic and from damage by over watersheds Ownership of grazing. remain with will burros horses and the the Federal Government, but they are of assigned to individuals for the lifetime The Bureau is looking for qualified people to adopt excess wild horses and burros that will be rounded up throughout the western states this summer. Since passage of the Wild and Free WAsming Horse and Burro Act in 1971, the animals. Animals assigned to individuals cannot be sold or used for commercial purposes. Applications for adoption of excess animals can be made by writing to Adopt-a-HorsBureau of Land Management (330), Washington D. C. 20240. 03? Oto QascflsoBaii cO ecu? PzpCfeg Qoo USDfl Choice Salmon Centered ini Boneless o Hot Weather Treat Boneless Boneless Chaek o. O' 0 59 Banana tlnt dinner Belle.--. ..20., 1 69 Breonieei. SandoieliesSr. 49 lb. lb. mi nawra ex. Strained ssesseasso FAimLYy w WESTERN FAMILY all purpose FLOUR pins dof 50. St 0 |