Page 8-Saturday, May 6, 1978-The Michigan Daily OPEC I TAIF, Saudi Arabia (AP) - Ministers from 13 nations that control half the world's oil production gathered in this cool mountain resort yesterday for a meeting on long- and short-term pricing policies, but they are not expec- ted to raise prices. The ministers, representing the members of the Orgnization of Petroleum Exporting Countries, will meet informally today, without an agenda. said OPEC president Valentin Hernandez Acosta, the minister from Venezuela. HE SAID that since this gathering of OPEC ministers is informal, it is unlikely they will vote to change oil prices now.-Abdul Aziz al-Turki, Saudi Arabia's deputy oil minister, agreed. The two officials met with reporters in a luxury hotel and convention center overlooking the Red Sea. Hernandez said there is agreement among OPEC members that long-term pricing policies must be drawn up, but GEORGE CUKOR'S DAVID COPPERFIELD A compelling mixture of Dicken's London and Hollywood storytelling, great csting includes W.C. FIELDS as Mr. Micawber. Sun: Santa Fe Trail (FREE) Fri: Bang The Drum Slowly Sat: Sleeper Sun: Broken Blossoms (FREE) Cinema Guild is looking for new student members-applications at ticket desk Cinema Guild Tonight at 7:30 & 9:30 $1.50 NO PRICE HIKE SEEN [eaders meet informally disagreement about the details and time is not right to raise prices now, known as ยข Ras Tanura light, a Saudi timing of such a plan. either directly or through a change in variety. Other prices are adjusted to He also said that there was "accep- methods of calculating costs. reflect differing qualities. tance" on the part of the consuming public that oil prices will go up. The Venezuelan minister said he per- sonally favors raising prices rather than moving away from the dollar as There have been suggestions by some OPEC members, notably the richer "YOU REALIZE now that energy the means of calculating oil prices, or members of the Persian G(uW tseik- prices must go up," in part to spur asa means of actual payment. doms, that prices be denominated in development of alternatives to oil such some "basket" or combination of as nuclear and solar energy, Hernandez HERNANDEZ stressed that he is currencies. This would protect said. vigorously opposed to changing the producers against the weakening value OPEC members recognize, he said, means of payment to anything but of the dollar. that despite a decline - in real terms - dollars. of oil prices over the past 18 months OPEC oil prices are currently set Saudi Arabia, the richest OPEC coun- because of inflation and a drop in the unilaterally in dollars. The base price is try, also opposes switching from the purchasing power of the U.S. dollar, the $12.70 per 42-gallon barrel for what is dollar. CINEMA I SATURDAY, MAY 6 THE MAGIC CHRISTIAN Director: JOSEPH McGRA TH, 1970 One of the most hilarious films ever made. PETER SELLERS, as Guy Grand, the richest man in the world, adopts RINGO STARR, the poorest boy in the world; together they set out on a wacky crusade to upset conformity, corruption, and hypocrisy. From turning a performance of HAMLET into bedlam (Laurence Harvey does a strip tease) to proving people will do anything for money, Guy Grand and Son bring spontaneous chaos wherever they go. Music by Badfinger.. The Ann Arbor Film Cooperative PRESENTS AT MLB 3 SAT. MAY 6 3 WOMEN (Robert Altman, 1977) 7T& 9:15-MLB 3 "Robert Altman's dream film about three women whose identities merge, one into another, and flow together. SHELLEY DUVALL plays a beautiful know-it-all girl who is an attendant in a health spa . .. SISSY SPACEK plays the novice she breaks in, and JANICE RULE plays a silent artist who paints lunging profile figures on the sides of swimming pools. The film is full of Altman's overheards and murmurs, with a hallucinating quality typified by his recurring use of self-absorbed twins m RKnever speak except, to each other. A fine, musing film-THE HEM YORKER. Cinemascope. TUESDAY: Beginning of Our Free Tuesday Showings THIS WEEK: "THE UNHOLDY THREE" AND "THE INVISIBLE MAN" Irezhnev and 'chmidt Brezhnev in Bonn, fears nuclear war BONN, West Germany (AP) - Soviet President Leonid Brezhnev told West German Chancellor Helmut Schmidt yesterday that the world may be engulfed ina thermonuclear war unless the East-West armaments race is halted, the Russian leader's aides reported. In a two-and-a-half hour meeting with Schmidt on the second day of his four- day visit to West Germany, the 71-year- old Brezhnev described disarmament as the world's "most pressing political question," his aides told reporters. BREZHNEV SAID the pace of the arms race is moving faster than East- West efforts to reach a disarmament agreement and repeated his offer for a joint U.S.-Soviet pact renouncing production of the neutron bomb. The United States developed the neutron warhead as a weapon against the Soviet Union's superior numbers of tanks in central Europe, and if President Carter decides to go ahead with production the weapons would be deployed in West Germany, NATO's first line of defense against a Soviet bloc invasion of Western Europe. Carter has announced he was postp- poning a final decision on whether to build the bomb, which kills by high doses of radioactivity rather than massive explosions. He called on Brezhnev to show his good will by reducing the Soviet arsenal in return. But Brezhnev replied by calling on Car- ter to sign an agreement not to build neutron weapons, and Carter said the offer was meaningless because the Russians don't need the bombs. LEONID ZAMIATIN, Brezhnev's spokesman, said the Soviet leader told Schmidt that "the danger of a ther- monuclear war remains" unless something is done to end the arms race. In their talks yesterday at moated Gymnich Castle, the government guesthouse 30 miles outside Bonn, Brezhnev and Schmidt expressed "strong interest" in reaching a "positive conclusion" of East-West disarmament talks on reducing troops in Europe and U.S.-Soviet strategic weapons. The two men met alone in the baroque, stone castle, as scores of West German border policemen with sub- machine guns patrolled the fenced park outside, and Soviet plainclothesmen stood watch inside. BREZHNEV and Schmidt also discussed the status of West Berlin, the non-Communist half of Germany's pre- war capital that is surrounded by East Germany, said Klaus Boelling, spokesman for the West German chan- cellor.