Rage 6-Wednesday, June 27, 1979-The Michigan Daily
price.
AMONG 'T
they favor.
Venezuela
Emirates.
The issu
charges is
accordingt
Over the
in the sup
world oil r
OPEC may raise price of oil to $20
( Continued from Page 3
members found buyers for their oil at would prefer to leave this week's statements.
almost any price and began adding sur- meeting with a unified price or, at wor- dwork for t
rHE nations which have said charges to the base price to take advan- st, a two-tiered price. private confe
$20 are Gabon, Algeria, Iraq, tage of the situation. These surcharges, But Iran has indicated that it wants delegates cc
and the United Arab some as low as 60 cents a barrel, leap- the option to add surcharges later if their lunch br
frogged over several months and now market conditions change. Whether the Despite th
ue of continuation of sur- are as high as $5 a barrel. cartel will decide to allow surcharges to nature of the
still up in the air, however, THE PROLIFERATION of sur- continue may be a key bargaining point appeared tot
to the sources. charges has worried OPEC members in any compromise reached. and confide
past several months, as cuts who see it as weakening the cartel's During yesterday's opening session, "This is goin
ply of oil from Iran caused firm grip on world oil prices. As a the cartel's members covered we've ever
markets to tighten, OPEC's result, most members have said they procedural matters and read opening Karim, Iraq'
But much of the groun-
the meeting was laid in
erences Monday night, and
ontinued to work during
reak yesterday.
he apparently contentious
discussions, the delegates
be in a very amiable mood
nt of finding a solution.
g to be the easiest meeting
had," said Tayeh Abudl
s oil minister.
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Sen ate
raises
'U' budget
Continued from Pagel)
University - we're hopeful that it will
be adopted, but there remains some
question."
SHAPIRO ALSO said the Senate's
funding recommendation might have a
small impact on tuition levels.
"It would certainly put tuition levels
at the (lower) end of the range," he
said, but also said that depending on
other budget factors, the hikes might be
lower.
The current expected tuition schedule
indicates from a 7.1 to a 13.9 per cent
increase.
UNIVERSITY OFFICIALS would
need about two to three days to work on
the budget after it is adopted by the
state, according to Shapiro. He added
the final budget recommendations
might be ready for the July 19 and 20
Regents meetings if the state adopts a
budget by July 12 or 13.
Shapiro also said the budget allowed
University administrators a great deal
of flexibility in allocating funds to
specific areas, and that "the
stipulations made on the whole reflect
the state's priorities which are our
priorities also."
Gov. William Milliken recommended
an $11.1 million increase in January
and the Senate has proposed the
University receive $15,450,000.
University officials appeared before
state House and Senate appropriations
subcommittees on June 5, asking the
state to place a higher priority on fun-
ding for higher education.
The state Senate recommended $148
million for Michigan State University
- an increase of about $15.5 million
over 1978-79 figures.
The Senate Appropriations Commit-
tee approved allocations of $685 million
to state colleges and universities.
City streets
repaired
(Continued from Page1)
throughout the city for "spot-type im-
provements," Chizek said.
* The Traver Boulevard Project -
Running from Nixon St. to Lakehurst
St., the Ajax Paving Company will
refurbish this area for $150,000. Repairs
will take 30-45 days to complete, Chizek
said.
* Platt Road Project - The Ann Ar-
bor Construction Company will resur-
face the area by Stone School Road,
beginning in August and ending in
November.
* Also, the state plans to resurface
Washtenaw Ave., from Stadium Ave. to