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January 18, 1974 - Image 3

Resource type:
Text
Publication:
Michigan Daily, 1974-01-18

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THE MICHIGAN DAILY

THE IC~iAN DILYPage Three

Nader calls oil reserve

N figures '
WASHINGTON UP) - Consumer<
advocate Ralph Nader and a Fed-l
eral Trade Commission officialc
yesterday challenged the credibil-
ity of energy data published by oil
and gas .companies.,
Testifying before a House sub- I
committee, Nader said oil reserve
figures published by the AmericanI
Petroleum Institute were "utter-t
ly phony."<
JAMES HALVERSON, . director
of the Federal Trade Commission'st
Bureau of Competition, said in at
statement that an investigation of
natural gas reserve reporting prac-
tices revealed an apparent "serioust
underreporting" by producers. c
Halverson, who stressed that hel
was speaking for himself and not
.,;the FTC, said "there is no inde-
pendent check" by governmentj
agencies on the accuracy of figures"
supplied by the energy industry.
Nader flatly accused the agencies,
excluding the FTC, of "a uniform
desire not to know the facts."
Federal Power Commission chair-
man John Nassikas told the sub-
AP Photo 1committee on regulatory agencies
that an investigation by his staff of
the nation's gas reserves included
medienne independent field audits of "basic
centennial raw data," but Halverson s a i d
"the sample was small, and its
sampling questionable."
NASSIKAS pointed out, however,
that his staff found that the Amer-;
f } ican Gas Association had omitted
62 gas fields from the list of re-'
serves it gave to the FPC.
The same subcommittee heard
testimony Wednesday from Middle
East oil expert Christopher Rand
islands - that the major oil companies were
ned in re- overstating the severity of current
he Philip- fuel shortages, trying to increase
has been prices. Nader said yesterday that
e possibili- "this so-called energy crunch"
osits. would cost the public a trillion dol-
a group lars over the next 20 years.

utterly phony'
agreed that Congress should pass Power Commission has in its files
legislation requiring more complete information which indicates that
disclosure of energy data by oil, some natural gas producers in the
gas and coal companies. United States have tried to buvy
However, Nassikas and Halver- up available reserves, intending
son said that some material given to keep the gas off the market and
to government agencies should re- await higher prices.
main confidential while Nader ar- At an otherwise routine r a t e
gued that "there is no informa- hearing several months ago, an in-
tion that constitutes a trade se- dependent gas producer testified
cret." that he has been approached by a
Wednesday, Exxon vice president number of other companies that
W. T. Slick told the subcommittee sought to buy his reserves to hold
that his company would be willing in the ground.
to cooperate with the government The producer, Douglas Bendell of
in a data-gathering program but Wichita, Kan., told the FPC that
that the nation's largest oil firm the other producers, some of them
objected to releasing such com- major oil companies, had said they
petitive information as that on pric- were willing "to bet on the come,
pettiv inormtin a tht o prc-to gamble that if they held off pro-.
ing. ducing the gas for several years it
IN A RELATED development, it would be worth a great deal more
was disclosed that the Federal money.
____________________

Park West Galleries
ANNOUNCES
AN
SUNDAY, JANUARY 20 AT 2 P.M.
exhibit starting at 1 p.m.
at
HOLIDAY INN WEST
2900 Jackson Road-Ann Arbor, Michigan
LITHOGRAPHS * ETCHINGS 0 SERIGRAPHS 0 DRAWINGS
* PAINTINGS " WATERCOLORS 0 POSTERS, etc. Featuring
hand signed graphics pulled from editions limited to from 10
to 300.
ARTISTS REPRESENTED INCLUDE:
Albers 0 Appel 0 Anuskiewicz 0 Braque 0 Boulanger 0 Buffet
" Calder 0 Cezanne 0 Chagall * Dali 0 Friedloender 0" Got
" Giacometti 0 Goya "Hwang Jansem 0 Lautrec * Liberman
" Lindner * Nieman 0 Marini 0 Max 0 Matisse 0 Miro
" Picasso . Reuben 0 Renoir 0 Silva 0 Vasarely 0 and many
others.
Catalogues available during preview. (All art absolutely guaran-
teed to be genuine as described.)
A 24151 Telegraph Road
Park West Galleries Between 9 &810 Mile Rds.
Southfield, Mich. (313) 354-2343

-ft
LZ (NOC (HIRk GUMD

Nixon and Gracie Allen in mural
Washington artist H. H. Booker II has depicted President Nixon with a mustache alongside co
Gracie Allen in this section of a mural he was paid to produce at the Washington D.C. Bic
Building.

;ui~z~

hA

Sihanouk

South Viet warsh

appeals on to shadow Chines

n',

MOZART'S

bombing
Mansfield gets
plea in telegram
WASHINGTON (UPI)-Prince
Norodom Sihanouk has charged
a move is afoot to try to get U. S.
air intervention in Cambodia on
the "false pretext" that North
Vietnam and the Viet Cong were
involved in fighting there, Sen.
Mike Mansfield, (D-Mont.), said
yesterday.
The Senate Democratic leader
made public a radiogram he re-
ceived from Sihanouk, the exiled
Cambodian chief of state who is
now heading forces seeking to
topple the present regime of Lon
Nol itr Phnom Penh.
IN THE RADIOGRAM, Siha-
nouk said the Lon Nol govern-
ment would "ask for re-interven-
tion in the affairs of Cambodia
with U. S. tactical and strategic
air power under the false pretext
that the offensive now under way
on the part of the armies of the
Cambodian National Front . .
is an aggression of North Vietna-
mese Communists and the Viet
Cong."
Sihanouk added, "I have the
honor to affirm to you with com-
plete sincerity and loyalty that
the armed offensive against the
armies of the Phnom Penh re-
gime is purely a Cambodian af-
fair and operation in which the
North Vietnamese and the South
Vietnamese Liberation Front
have absolutely no part."
Sihanouk, president of the
Cambodian National Front, sent
an identical radiogram to Sen. J.
William Fulbright, (D-Ark.),
chairman of the Senate Foreign
Relations Committee.
MANSFIELD SENT copies to
President Nixon and Secretary of
State Henry Kissinger.

SAIGON (Reuter) - The
South Vietnamese military com-
mand announced yesterday some
of its biggest warships have been
dispatched to shadow Chinese
naval vessels in the disputed
Paracel Archipelago in the South
China Sea.
Foreign Minister Vuong Van
Bac told a press conference here
Wednesday that China had sent
gunboats to the islands and put
Chinese nationals ashore in vio-
lation of South Vietnam's terri-
torial sovereignty.
THE COMMAND spokesman,
Lt. Col. Le Trung Hien, said
so far he had no report of any
exchanges of fire and that South
Vietnamese ships had received
strict orders just to follow the
Chinese vessels.
Col. Hien would not reveal the
number of South Vietnamese ves-
sels in the area but said that
they included 2,800-ton cutters,
South Vietnam's biggest war-
ships.
At this moment we cannot
tell you what we will do - whe-
ther we will sendtreinforcements
into the area or try to drive the
Chinese from Robert Island,"
Col. Hien told a daily briefing
here.
MILITARY sources said South
Vietnamese sailors and milita
have already trained bursts of
machine gun fire onto Robert
Island, one of the groupwhich
lies some 200 miles east of
South Vietnam's northern coast.
South Vietnam maintains a mili-
tia platoon of about 30 men on
the nearby island of Patton.

Interest in the 200
which have been claii
cent years by China, t
pines and Taiwan -
renewed because of th
ty of undersea oil dep
In Saigon yesterday
of opposition politicia
one of the strongest ar
ment statements ever
- denounced a bill
constitutional amendmr
would allow Presiden
Van Thieu to stand f
term.

Bastien
Bastienne
W.S. GILBERT'S
AGES AGO

ins - in
nti-govern-
circulated
proposing
ieats that
t Nguyen
or a third

Nader said an estimate by the
petroleum industry put proved re-
serves at 38 billion barrels but ear-
lier, independent figures showed
reserves of 285 billion barrels.
NADER, Nassikas and Halverson

Join Hillel's Grad-
Faculty Group on a
Post Winter Solistice Weekend
JANUARY 25-27 at CAMP TAMARACK
Make $12.00 check payable to Hillel and send to
Grad-Faculty Tamarack weekend, c/o Hillel, 1429
Hill St., Ann Arbor 48104, or call 663-4129.
0 -If

OPENING
MATINEE
GRAND
FINALE

Saturday
Saturday
Saturday

jan.12,

8:00

$2.50

Jan.19 2:00 $2.00
Jan.19 8:00 $2.50

Plus "FRANCY'S FRIDAY"
art&HCINEMA

Tickets available at
TRUEBLOOD THEATREU
andna fit ja

*T
*
*T
*
14..

ANN ARBOR FILM COOP
will be interviewing
for new Board members
If you have an interest in film exhibition, produc-
tion, or instruction come to Room 122, East Quad
SUNDAY, Jan. 20 at 2 p.m.
11.111111111111.. ..1. .11 1. . a.1 1 . .i-1 - l - - l l 111

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THE MICHIGAN DAILY
Volume LXXXIV, Number 89
Volume LXXXIV, Number 90
Friday, January 18, 1974
is edited and managed by students at
the University of Michigan. News phone
764-0562. Second class postage paid at
Ann Arbor, Michigan 48106. Published;
daily Tuesday through Sunday morning
during the University year at 420 May-j
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Subscription rates: $10 by carrier (cam-
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Summer session published Tuesday
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Ohio); $7.00 non-local mail ;other
states and foreign).
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