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August 17, 1984 - Image 23

Resource type:
Text
Publication:
The Detroit Jewish News, 1984-08-17

Disclaimer: Computer generated plain text may have errors. Read more about this.

- mcz;z7z....v.cr.armccrinrapr.-

THE DETROIT JEWISH NEWS

SY WARSHAWSKY, C.L.U.

Agent

Senior Citizen Discount AUTO

INSURANCE
AT A
REDUCED
RATE IF
OVER 65

to "Zoo." "Abandoned" de-
fines "Azuba," a feminine
name; and "Zoo" is for "Be-
var." Such are the interest-
ing studies resulting from
the Kolatch research.
Alfred J. Kolatch was or-
dained rabbi by the Jewish
Theological Seminary after
his graduation from
Teachers Institute of
Yeshiva University. He
served as rabbi from 1941 to
1948, three of those years as
a U.S. Army chaplain. He
organized Jonathan David
publishers in 1948 and has
written more than a dozen
books that are widely used
as textbooks in schools and
are utilized by study circles.

The Complete Dictionary
of English and Hebrew First
N ames adds to the fame

Rabbi Kolatch has right-
fully earned as scholar and
researcher.
—P.S.

NEWS

`West would not
be affected by
oil cutoff'

New York — A leading
Mideast economist pre-
dicted last week that any
cutoff in oil supplies from
the Gulf would not seriously
affect the West because of
its improved energy effi-
ciency, shifts to alternative
energy sources, and the
steady growth in supply
from non-OPEC oil-
producing nations.
At a news conference last
Wednesday, Dr. Eliyahu
Kanovsky, chairman of the
Department of Economics
at Bar-Ilan University,
said, "The greatly di-
minished importance of
Middle East oil is starkly
apparent. Four or five years
ago, the mere threat to stop
oil shipments through the
Gulf would have created a
panic."
He added that the war be-
tween Iran and Iraq had not
caused a rise in the price of
oil; rather, he said, "prices
on the spot market have ac-
tually declined, and there is
evidence of continued soft-
ness in oil prices despite the
bombings and threats."
The softness of oil prices,
Dr. Kanovsky explained, re-
flects the fact that the oil
shipments through the Gulf
today account for only 17-18
percent of world oil con-
sumption, a drastic decline
from 37 percent as late as
1979, when the Iranian
revolution caused an . oil
shock and unprecedented
price hikes in oil markets.
Even the 17-18 percent
figure greatly exaggerates
OPEC's oil importance, he
said, since there is consid-
erable unused capacity in
many countries outside the
Gulf, including Venezuela,
Nigeria, Indonesia, Mexico,
• 'Libya, and 'Algeria.

Ivr...m.

Friday, August 17, 1984

23

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