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August 18, 1976 - Image 2

Resource type:
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Publication:
Michigan Daily, 1976-08-18

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A na nU tint is

I I IL. IVIIA-VIINW-UN Low %lu I

rrcunt:suuy; r'+ugubr I o, V7tv

First federal oil lease sale opens

NEW YORK U'- The feder-
al government's first oil lease
sale for the Atlantic Ocean op-
ened yesterdav, more than eight
hours late, after U. S. Supreme
Court Justice Thurgood Mar-
shall refused to block the sale.
The sale was delayed from
10 a.m. to after 6 p.m. while
attorneys for New York State
and environmentalists argued
against it before Marshall in
Washington.
THE ENVIRONMENTALISTS
sought a detailed study of the
effects of the drilling off the
Mid-Atlantic coast from Long
tsland, N.Y., to Virginia.

As the arguments went on,
sundreds of oil company exec-
'itives milled about a hotel ball-
room in New York, waiting for
the sale to begin.
"The biggest cost of these
delays is to the public," Exxon
Corp. spokesman J. R. Jack-
san said of the wait. "Every day
we delay, we lose a certain
fraction of production that we
can't make up - and we add a
fraction to imports."
IN THIS RULING, Justice
Marshall said only that the Sec-
ond U. S. Circuit Court of Ap-
peals had acted properly Mon-
day in deciding to lift a lower

court's ban on the sale. He said
he would issue a written opin-
ion later.
Last week, U. S. District
Judge Jack Weinstein barred
the sale, saying environmental
interests should have been con-
sulted more fully. The appeals
court then overturned his deci-
sion.
The Supreme Court is in re-
cess, but Marshall has jurisdic-
tion over the Second Circuit
Court District.
INTERIOR Department offic-
ials said the case was the first
on offshore oil lease sales to
reach the high court. Previous

efforts to block lease sales off
Louisiana, California and in
the Gulf of Alaska all failed.
Earlier in the day, the oil
companies had submitted sealed
bids thought to run into hun-
dreds of millions of dollars for
the right to search for oil in an
876,750-acre area 45 to 90 miles
off Long Island, New Jersey,
Delaware, Maryland and Vir-
ginia.
The Interior Department esti-
mates the area holds a poten-
tial 400 million to 1.4 billion bar-
rels of oil, but no one will know
for sure until drilling starts.
SINCE 1954, federal offshore

lu/dent Patblo atos Buildin

420 MAYNARD STREET

ANN ARBOR, MICHIGAN 48109

Business Manager: (313) 764-0560

Editors: (313) 764-0562

August 18, 1976
Dear Readers:
Today, August 18th, is our last summer issue. The new, zany, crazy staff will
be back and ready to serve you again on September 10th.
What this means to you, The Reader, is that it's renewal time again, if you have
not done so already, or if you are not one of our permanent subscribers.
Please avoid the start-of-the-term rush, and renew your subscription now.
Why? So that you will begin receiving your Daily as soon as we resume publication
and begin home delivery. The rates are: In Ann Arbor--$6.50 for one semester, and
$12.00 for two semesters; Outside Ann Arbor-$7.00 for one semester, and $13.00
for two. Subscriptions outside Ann Arbor must be prepaid.I
Take note to pick up the FROSH SUPPLEMENT on September 9th. The
following 3 issues, the 10th, 11th, and 12th will also be Freebies, with regular deliv-
ery starting on Tuesday, September 14th.
Order NOW so you won't miss one exciting issue of THE MICHIGAN
DAILY. Our address is:
420 Maynard Street, Ann Arbor, Michigan 49109 ATTEN.: Circulation
Sincerely,
CASSIE ST. CLAIR
Circulation Manager
" 1 STR ATFORD
Circulation Director
P.S.: Our notorious business staff is going on vacation August 18th thru September
2nd, so please don't phone or stop by our offices during those days, as there won't be
anyone here to help you. We'll be back on Thursday morning, September 2nd.
.._.. .... _ ... _ _ ._,. .... __._ _ ... _ ._ _ _.. _ _ _ _ _ _ _ _ -

lease sales have resulted in
more than 13,000 wells that have
pumped oil and gas worth more
than $23.2 billion.
The highest single bid for any
lease sale was one for $211.99
million offered three years ago
for a tract in the Gulf of Mexi-
co. The record total for bids
came in 1974, when a sale of
tracts off Louisiana brought
$209 billion.
The high bidders on each tract
in a sale win the right to search
for and produce oil and gas.
Leases not developed in five
years are forfeited.
TV tonight
6:00 2 7 1I 13 NEWS
9 I DREAM OF JEANNIE
20 COURTSHIP OF
EDDIE'S FATHER
30 ZOOM
50 BRADY BUNCH
62 I SPY
6:304 13 NBC NEWS
9 NEWSDAY
11 CBS NEWS-W. Cronkite
20 BILKO
30 HODGEPODGE LODGE
50 I LOVE LUCY
7:00 2 CBS NEWS-W. Cronkite
4 13 REPUBLICAN
CONVENTION
7 ABC NEWS-H. Reasoner
9 ANDY GRIFFITH
11 FAMILY AFFAIR
20 LIAR'S CLUB
30 ROBERT MacNEIL REPORT
50 FAMILY AFFAIR
56 LEGACY AMERICANA
62 SPEAKING OF SPORTS
7:30 2 11 REPUBLICAN
CONVENTION
7 WILD KINGDOM
9 ROOM 222
20 CISCO KID
30 CROCKETT'S VICTORY
GARDEN
50 HOGAN'S HEROES
62 NEWS
7:45 62 TEEN PROFILE
8:00 724 VIVA VALDEZ
9 MOVIE-Adventure
"Blindfold"
20 DANIEL BOONE
30 56 NOVA
50 MERV GRIFFIN
62 DETROIT CRIME ALERT
8:05 62 MOVIE-Musical
'Laughing Lady"
8:30 7 VIVA VALDEZ
9:00 7 REPUBLICAN
CONVENTION
20700 CLUB
30 56 GREAT PERFORMANCES
"Jennie: Lady Randolph Churchill"
50 MOVIE-Drama
"Barry Black and the Tiger"
10:00 9 CC NEWS-George Finsad
30 ONLY THEN REGALE MY
EYES-Documentary
56 DRUM CORPS: THE
SUPERFINE LINE
62 PTLCLUB
10:05 9 REPUBLICAN
CONVENTION
10:30 29 THE ROCK
11:00 7 24 NEWS
20 ADVENTURES IN
PARADISE
56 HARMONY BY THE SOUND
7 MOVIE-Crime Drama
"MatE Helm"
10MOVIE-Drama (bw)
"Roseanna McCoy
56 ABC NEWS-H. Reasoner
12:00 2 11 67 NEWS
4 13 JOHNNY CARSON
12:30 2 11 MOVIE-Drama
"The Fixer"
1:00 7 NEWS
9c CNEWS-George Finstad
1:30 4 TOMORROW
13 NEWS
2:30 4 CLASSROOM
2:50 2 MOVIF-Myistery
"Mask of Marcerlla"
11 NEWS
3:00 4 NEWS
4:20 2 NEWS
When a merchant ship flies
the signal flag known at Blue
Peter it means it is about to
sail.
THE MICHIGAN DAILY
Volume LXXXVI, No. 70-S
Wednesday, August 18, 1976
is edited and managed by students
at the University of Michigan. News
phone 764-0562. Second class postage
paid at Ann Arbor, Michigan 48109.
Pub:*--' I aI y Tuesday through
Sun 'sng during the Univer-
sity 420 Maynard Street, Ann
Arbor, Mchigan 48109. Subscription
rates: $12 Sept. thru April (2 semes-
ters); $13 by mail outside Ann
Arbor.
Summer session published Tues-
day through Saturday morning.
Subsrpton rates: $650 In Ann
Arbor; 7.50 by maD:-outide AIn
Arbor.

YES ! ! ! Enter my subscription renewal to THE DAILY for .- -
1 Semester (Sept.-Dec.) 2 Semesters (Sept.-April)

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