44 Friday, December 23, 1983
THE DETROIT JEWISH NEWS
DISCOUNT CIGARS
OVER 25 FAMOUS NAME BRANDS!
Oil Glut Hides Remaining Energy Problems
security and economies of
oil importing countries.
• Quality Selection Of Pipes • Unique Gifts
Zionist Organization of America
Unfortunately, oil impor-
NEW YORK — There are ters are still tolerating the
• Custom Blended Tobaccos • Imported Cigarettes
no lines at gas stations, continuing economic devas-
• Lighters • Pipe Repair • Etc. • Etc.
energy bills are not increas- tation due to artificially
ing and world oil consump- high oil prices and the secu-
tion has decreased by 20 rity problems associated
percent from its peak in with the continuing mili-
ORCHARD LAKE RD. & 12 MILE ciA Orckard-12 Plaza)
1979. Nevertheless, the tary and political crisis in
energy problem is a con- the Persian Gulf.
Mon.-Fri. 10 a.m.-8 p.m.
Sat. 10 a.m.-6 p.m.
tinuing major threat to the
For example, approx-
imately nine million barrels
per day are shipped from
Persian Gulf countries
(Saudi Arabia, Iran,
Kuwait and the Arab Emi-
rates) through the Straits of
DR. GOLDMUNTZ
Hormuz. The Iraqis, who countries that are members
are prevented from ship- of OPEC. They have had to
Member Detroit Area Retail
ping oil through the Gulf by decrease production in ac-
Kosher Meat Dealers Assoc.
the Iranians, have cordance with their cartel
threatened to use their agreements in order to pro-
Starting Sun., Dec. 25th thru Thurs., Dec. 29th .
newly-purchased Exocet tect their artificially-high
missiles to destroy Iran's oil oil prices. However, the
Empire or Dean
ports and tankers carrying total excess capacity in
Iranian oil.
Mexico, Nigeria, Indonesia,
Iran _V.enezuela, - Libya and
return,
In
Algeria is only three million
threatens to block all oil
shipments from the Per- barrels per day. These coun-
tries might increase their
sian Gulf. Perhaps this
would be done by float- production to the limits of
ea.
ing mines or by destroy- their capacity, but probably
ing tankers carrying only at a much inflated
Cohen & Son Kosher Moat Market
Northgate Kosher Meat Market
Arab oil. Oil importers price. Even then, the world
25035 Coolidge, Oak Park
25254 Greenfield, Oak Park
would then lose nine mil- would be short six million
Dexter Davison Kosher Meat Market
Louis Cohen & Sons
barrels per day.
lion barrels per day, or 25
24780 Coolidge, Oak Park
New Orleans Kosher Meat Market
percent of their crude oil
The U.S. Strategic Petro-
15800 W. 10 Mile, Southfield
Harvard Row Kosher Meat Market
supply.
leum Reserve -- and those
21780 W. 11 Mile Rd., Southfield
Singer's Kosher Meat Market
There is some excess of our allies — might suffice
13721 W. 9 Mile, Oak Park
capacity outside the Persian - to make up the short-fall for
Member Markets Closed Sun., Jan. 1; Open Mon., Jan. 2
Gulf, particularly in those 100 days. But certainly no
one believes that a Rapid
Deployment Force can be
deployed to the Persian
Gulf, calm the natives (who
are prdvoking each other
and being stirred up by the
Soviets) and restore the oil
facilities in 100 days.
The inevitable result of a
catastrophe in the Persian
Gulf is a doubling or tripl-
ing of oil prices, inflation, a
decrease in GNP, unem-
ployment — in short eco-
nomic disaster for the oil
MON.-THURS. 7 a.m.-9 p.m.
FRI. & SAT. 7 a.m.-12 Mid.
importers.
SUNDAY 9 a.m.-9 p.m.
This tragedy would be
superimposed on the past
decade of poor economic
ONE OF A KIND CLOTHES
performance of the
MIGHIGAN DESIGNERS
Organization for, Eco-
nomic Cooperation and
CUSTOM DESIGNS
Development, due to the
356-8790
recurrent oil price
GIFT CERTIFICATES
shocks of 1973 and 1979.
Econometricians esti-
mated that 30 percent of
the OECD unemploy-
ment of 30 million people
in 1982 was due to oil
shocks. The Interna-
tional Energy Agency es-
timates that the oil
Announcing the opening of
shocks of 1979 caused a
loss of 5 percent of OECD
Our Second Store
Gross Development
(3rd location)
Sale Prices Everyday
Product in 1980 and eight
mon., tues., wed., sat. 10 to 5:30
20% OFF all clothing and
percent in 1981, leading
thurs., fri. 10 to 8
most leotards
to a loss in income in 1981
29390 Northwestern Hwy.
351 S. Woodward
of over $1 trillion, high
Birmingham, MI 48011
Southfield, Mich. 48034
358-0696
29399 northwestern hwy.
5404418
356-6848
unemployment and infla-
tion.
They conclude "The
magnitude of these ef-
fects is such that it is im-
perative to design economic
and energy policies, insofar
for personal attention, unique
as possible, to avoid further
arrangements and unusual flowers
oil price shocks."
These are brave words
thathave not been followed
Pi
WI WI kW ILI
357-5810
by sensible actions. What
should the U.S. do? At least
29370 Northwestern Hwy., Southfield
a dozen actions are appro-
priate:
NEXT TO FRANKLIN
• Improve energy secu-
RACQUET CLUB
rity by:
By DR. LAWRENCE
GOLDMUNTZ
TOBACCO POUCH
, 553-8 989
.
'ROCK CORNISH
11:39 ,
CHICKEN POT PIE
$1.09
T hi-e
sew
MA RKET STREET SHOPPES
MARKET STREET
DELI
NOW OPEN
ORDERS TAKEN FOR
HOLIDAY TRAYS
20%-30% Off
anitta
handbags and accessories
the ultimate fashion
Market Street Florist
NORTHWESTERN HWY. NORTH OF 12 MILE
Meeting the initial goals
for the Strategic Petroleum
Reserve, imposing a tariff
on imported oil to give
further incentive to conser-
vation, oil and gas explora-
tion and switching to other
available energy sources.
• Promote the develop-
ment of oil resources outside
the Persian Gulf by:
Reforming the U.S. Over-
seas Private Investment
Corporation so it can insure
political risk for oil explora-
tion and development in
Latin America; offering
bilateral long-term market-
ing agreements to those
countries that increase
their capacity for oil produc-
tion, notably Argentina,
Venezuela, Canada and
Mexico; supporting the
World Bank Energy facility
to develop resources in less
developed countries; and
modifying U.S. law so that
Alaskan ail may be ex-
ported.
• Promote the utilization
of domestic U.S. resources
by:
Providing rights of emi-
nent. domain to encourage
coal slurry pipelines so as to
lower prices of domestic
coal; enacting some gas de-
regulation measures
toward common carriage of
natural gas so there is a bet-
ter match between producer
and consumer, so there are
no restrictions on the end
use of gas, so producers will
ultimately have prices con-
strained by competition;
continuing the acceleration
of the outer continental
shelf leasing program and
the review of coal leasing
policy; supporting long-
range technology develop-
ment programs to provide
tomorrow's energy from
shale, coal and nuclear
fuels; reforming electric
power regulation to a
regional rather than a state
basis so as to obtain a better
match between generating
facilities - and their
"natural" load.
Also, encouraging the use
of coal and nuclear-based
electricity, where economic,
to decrease the use of im-
ported fuels in commercial
and residential establish-
ments; examining the
feasibility of federal or state
intervention to complete
domestic utility plants
where individual utilities
no longer have this capacity
and where it would be in the
national interest; support-
ing technology applications
programs to accelerate the
use of coal — burned cleanly
— in the industrial, rail and
marine sectors of the
economy.
American Jews should
want the world to be inde-
pendent of OPEC price and
supply manipulations be-
cause of the dreadful effect
this cartel has had on world
economies and particularly
because of the leverage it
has provided Persian Gulf
countries to damage the
viability of Israel.
Flag Day was the idea of
Benjamin Altheimer, a
Bnai Brith member from
Chicago.