• •
•

18

Friday, October 24, 1980

VOTE
HERTZBERG

THE DETROIT JEWISH NEWS

U.S.-Israeli Oil Agreement Is Signed

last Friday bearing Ameri- event" was "due to the lead-
can assurances that Israel ership of Prime Minister
President
and
DEMOCRAT
will ahve a steady supply of Begin
Sadat."
oil
over
the
next
14
years,
for U. at M. Regent
The agreement provides
although at top U.S. prices.
In a ceremony in the for three ways in which it
White House, President could be activated. The
Carter said the agreement first occurs when Israel
resulted from the promise simply cannot obtain
he made in March 1979 in enough oil to meet its needs,
Israel while negotiating the no matter what price or
Egyptian-Israel treaty that terms it offers, - a "fact
"peace with Egypt would sheet" said. "In this case,
not lessen Israel's oil secu- the U.S. would provide Is-
rity." rael, directly or indirectly, a
FINE PEARLS
In giving up the oil- sufficient quantity of oil to
-AND
fields in Sinai for the make up the shortfall."
PERSONAL
Should Israel be able to
treaty, Carter said, Israel
ATTENTION
had made "a bold, gener- "physically obtain oil but
ous and courageous deci- only by paying an excessive
sion in this troubled average price and by buying
time" and "Israel has under very insecure ar-
taken a courageous step rangements, - a formula
6346 Orchard Lake Road, Suite 208
for peace in that whole could be invoked that pro-
855-3340
W. Bloomfield
area by giving up its oil." vides the U.S. would take
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Israeli Energy Minister into account Israel's need
Orchard Mall
Yitzhak
Modai, who led the "to pay an average price for
MasterCard
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negotiations for Israel, said its oil greater than the av-
Daily 9:30-5:30, Fri. tit 8, Sat. til 4
that "this most important erage cost of the most ex-
pensive 20 percent of crude
*
* * * * * * * * * * * *
*
*
*
*
*
*
*
*
* * * * * * * * * * * * * * * * * *
oil imported into the U.S.
*
and has to buy at least 60
*
* percent of its oil through
short-term, indirect pur-
,
*
chases."
*
In the third instance, "a
*
• special emergency ac-
*
*
* tivation of the commit-
* ment" takes place "when
*
*
• Israel loses one of its
*
• main sources of supply
*
• despite its efforts to
*
• maintain that source."
IS PLEASED TO ANNOUNCE.
*
Some key language in the
•
*
iTS NEW LOC T ION
* agreement, as outlined in
*
* the fact sheet, noted the
IN
•
*
* U.S. would make oil "avail-
*
* able for purchase by Israel if
*
* Israel could not find enough
THE PLAZA OF FARMINGTON
*
• on its own — through nor-
*
E
••)c- C)RC
* mal procedures — to meet
AS E -
31600 GRAND R Iv E_
• its domestic requirements."
FAR m INGTON. M.CHIGAN 46024
"If the memorandum of
•
*
• agreement is activated,"
*
P 0 NJ E. 471 0360
TEL
• another section says, "the
*
• U.S. would first try to find
*
• foreign oil for Israel. If that
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* * * * * * * * * * * * * * * * * * * * *_* * * * * * * * *
There would be no subsidy
* * * * * * * * *
• • • • • • • • • • • • • • • • • • • • • •-• • • • • • • • involved."
In addition, "whenever
the U.S. provides oil to Is-
•
rael, Israel would have the
•
obligation to continue to
•
look for oil on the world
•
market and if it finds some,
•
the U.S. obligation would be
•
reduced accordingly."
•
CUSTOM
"Israel's oil consump-
•
• Drapery cleaning when properly done is an art, we at
tion is currently about
•
practice
most
diligently,
in
our
never
• DRAPERY CLEANERS
160,000 barrels a day, less
•
• • ending quest to improve our service to you by seeking better • than one percent of the
U.S. consumption," the
•
• systems and methods.
fact sheet points .out.
• Don't take good drapery cleaning for granted. We at CUSTOM ■
Since the initial U.S. oil
•
•
supply commitment was
•
• DRAPERY CLEANERS make good cleaning happen.
made in 1975 ‘— at the
•
•
time of the first Sinai
•
•
agreement with Egypt
•
• DRAPERIES • BEDSPREADS • BLANKETS
•
and the U.S. — "Israel has
•
•
(Cleaned or Laundered)
• , been able to obtain suffi-
•
• . cient oil through its own
• • WINDOW SHADES LAMPSHADES PILLOWS
•
efforts without recourse
• ' to the U.S. even during
VENETIAN BLINDS (Cleaned, retaped & re-corded)
•
•
periods of tight oil mar-
•
aolrl
e-
r e-install
ket conditions," the fact
'... -4:4 _ Alio yIf oyuor ue' x r ei s r t ni nogv i d nrg a p w ee r i c e s a n t 0 r e maankoet
•
•
fit another dwi ndow
sheet notes.
•
•
"Israel is currently meet-
•
room.
1/41N
13
•
N%
V
ing all its oil needs and it is
•
•
expected that it will con-
•
•
We Remove & Install
tinue to be able to do so, but
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under emergency circum-
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ap-
Contemporaries
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erity will regard the merit
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rather than the man.
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ok

WASHINGTON (JTA) —
Israel and the United
States, after more than a
year of complex negotia-
tions, signed a 20-point
memorandum of agreement

THE PEARL GALLERY

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*

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atisaaill• • •••••••1

- 1

1_i

Israeli Repast

stances Israel could turn to
the U.S. even during
periods of tight oil market
conditions," the fact sheet
notes.
"Israel is currently meet-
ing all its oil needs and it is
expected that it will con-
tinue to be able to do so, but
under emergency circum-
stances Israel could turn to
the U.S. under the
memorandum of agreement
and these implementing ar-
rangements."
Israel is understood to be
obtaining on a daily aver-
age some 60,000 barrels
from Mexico, 40,000 from
Egypt= much of it as a re-
sult of Israel's discovery and
development of the Alma oil
fields which it has given to
Egypt — and the remainder
in the expensive "spot mar-
ket" in Rotterdam, Holland.

LONDON (ZINS) — A
new British publication
says that Israelis consume
an average of five eggs per
week — double the average
for Western Europe and
four times the world •aver-
age.
Israelis also consume an
average of 116 pounds of
sugar annually, compared
to the world average of 70
pounds.

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17534 W. 7 MILE, DETROIT

LICENSED BY
MICH. DEPT. OF STATE POLICE

STEPHEN

FOR JUDGE

FOR A
STRONG
AND
EFFECTIVE
46th DISTRICT
COURT

Steve Cooper has served .. .
■ President, B'nai B'rith Barristers ■ City Council
President Pro-tern ■ Delegate, Jewish Community
Council ■ Advisor to League of Women Voters ■
Advisor to Community Education Program ■

Elected to Representative Assembly by the lawyers
of Oakland County ■ 7 years Director, Southfield
Bar Association ■ Allied Jewish Campaign ■ Amer-
ican Arbitration Association ■ Admitted to all
Michigan Courts since 1969.

Paid for by a lot of Nople who want
Stephen Cooper- to be Judge. onhe 46th District •Court