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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (Sept. 4, 1978)
Mexico may be op oil country ■221, form 0 the each ploy, m he t t adult ' again iy from a. This iiovas- .'er age ysician tration during em- Dal- tion ein fun- 11 at Ron at a gina | ital. j Ipha 1 em- the the rth for eet led md day nds lay Rog fC Bo0 Ai'tk" Me# Lilian* llosse'- idip 6 ' United Press InternationaJ tEXICO CITY — President Jose , ez Portillo said today Mexico has proven oil reserves of 20 Ion barrels and that there are po- iallv more than 200 billion more iting discovery. : there's as much oil as the e-owned Petroleos Mexicanos MEX) thinks there is, then (ico would surpass Saudi Arabia, the world’s leading oil nation proven reserves of 147 billion rels. Investigation and exploration e shown steady and surprising eases in oil and gas reserves," iez Portillo said in his annual of the union address. » president told a nationwide u and television audience that upward revisions in oil reserves e been coining so fast that the srnment has had to constantly se its oil policy. ifew months ago our proven re- had risen to 16 billion bar- he said. “As of July 31 they risen to 20 billion, probable re- to 37 billion and potentail re- to 200 billion. ” he probable reserves are 50 per- higher than the previous fig ures given out by PE MEX. We are assured of being a coun- try with more than enough gas and oil to last beyond the start of the 21st century, he said. Copez Portillo said that Mexico was now pumping 1.4 million bar rels of oil a day a figure he said was twice what had been thought possi ble just six months ago. But the president said Mexico’s production policy was “deliberately measured and not like those of some exporting countries with fewer reserves but with higher exports. Eopez Portillo also told Washington — without mentioning it by name — that Mexico would not lower the $2.60 per thousand cubic feet price of the natural gas it has offered to sell to the United States. Mexico had signed a letter of in tent last August with six southern U.S. gas companies for the export of gas at $2.60. But the U.S. energy department did not approve and the letter of intent lapsed Dec. 31. “Our position is unchangeable: give gas its real value.” Lopez Portillo said that, as long as the United States is not going to buy the gas, Mexico will consume it in ternally, freeing other fuels. uperport seeks il firms’ support United Press International IOUSTON — Unless the Texas ■pwater Port Authority can so- tprior assurances from enough oil ipanies that they intend to use it, 1.2 billion deepwater superport uldn’t be built, says one official. >eneral Manager Gerald A. dson said Friday the port author- hopes to back bonds financing project with use agreement from companies before construction he oil terminal begins, he facility would be built 25 :s out into the Gulf of Mexico n Freeport, Texas, to serve ertankers too large for onshore t facilities. ickson said he plans to contact ipanies after mid-September “to ore with them” the idea of for- lly expressing, before the oil terminal is built, intent to use it. “If we get enough signers for an ‘A’ (bond) rating, this thing will go,” he said. “If the oil companies don’t sign, there is no earthly reason to build this thing.” Developers of the Dallas-Fort Worth Regional Airport successfully employed use agreements to back revenue bond financing. “There is no difference (in this in stance) between the Dallas-Fort Worth Airport and the terminal,” said James M. Kerley of First Southwest Corp. of Dallas. Various federal agencies are studying TDPA’s plan to employ use agreements. The U.S. Department of Transportation also is studying the agency’s license application, submitted Aug. 24. Jackson said DOT has 21 days — what’s up? Monday CLASS PICTURES: Pictures for juniors with last names beginnine with A-J will be taken today through September 8 at Barker Photog raphy studio. All students must bring their fall semester fee slips. SQUARE DANCE CLUB:The Aggie Allemanders Square Dance Club welcome all experienced square dancers to a workshop that will meet in room 212 of the Memorial Student Center at 9:00p.m. Tuesday CLASSIC FILM: Alec Guinness and William Holden star in “The Bridge on the River Kwai,” about a British POW commander faced with a dilemma: his troops need a task to occupy their time., but to build the bridge would aid the enemy. This movie will be <vbown at 8 p.m. in Rudder Theater. TAMU AQUATIONS: New members are invited to come and learn the skills of synchronized swimming at 7:00 at the indoor swimming pool. CLASS OF 81: The first class of ’81 council meeting will be in room 226 of the Memorial Student Center at 7:30p.m. Anyone wishing to join the class council should attend. RACQUEIBALL CLUB: Anyone interested in joining the racquet- ball club should meet in room 510 of Rudder Tower at 7:00p.m. AC ECONOMICS: The Ag Eco club will meet in room 112 of the Oceanography and Meteorology building at 7:30p.m. BICYCLE CLUB: The A&M Wheelmen Bicycle Club is inviting all area cyclists to attend the fall semester’s first meeting at 7:30 p.m. on the fifth floor of the Rudder Tower. Discussions will center on ride schedules, tours, races and campouts. Wednesday SOCIAL DANCE CLUB: There will be a Social Dance Club meeting at room 266 in G. Rollie White Coliseum from 7:00-10:00p.m. SIUDENT GOVERNMENT: Applications for freshman student government aids will be taken today. Anyone is urged to apply. DANCE ARTS SOCIETY: The Dance Arts Society is now offering a Men s Movement Class for guys interested in limbering up and learn ing the basic moves of dance. The class begins September 11 and will be held on Monday nights from 8 to 8:30. The registration meeting will be held today in Room 267 of G. Rollie White Coliseum at 7:30p.m. or until Sept. 14 — to determine whether the application is com plete. After that approval, he said he will begin approaching oil com panies about use agreements. DOT's licensing restrictions caused several investors in Seadock Inc., the Houston-based superport consortium that tried for years and failed to put together a superport, to withdraw. Seadock eventually folded. Jackson said liability still may be a sticking point, but he said the au thority hopes to solve that problem by setting up a $50 million fund to handle oil spills. THE BATTALION Page 3 MONDAY i September 4. 1978 Open Labor Day 9 till 6 pm 1 DAY ONLY MONDAY, SEPT. 4 BOTH LOCATIONS 1705 TEXAS AVE. S. CULPEPPER PLAZA GALS TOPS 50% off special group GALS JEANS & PANTS 88 F Value to $25 Did You Know You Can Buy A Mobile Home Cheaper Than You Can Rent An Apartment? Ask Us About It! New, Used & Repo Mobile Homes Sandpoint MOBILE HOMES Texas\ Mobile Home Outlet. INC ATTHE INTERSECTION OF TEXAS AVE. & HWY. 21 s from Weiner* Phone 822-9140 EAST BYPASS THE C.B. SHOP "Everything For the CB’ERS' SANYO Stereo Jensen Speakers Hitachi t.v. and stereo C.B. & Stereo repair 904 S. Texas Bryan, Tx. 77801 1-713/779-1036 COBRA WARRANTY STATION VISA & Mastercharge accepted. BASIC DENIMS 11" 3733 E. 29TH ST. TOWN & COUNTRY CENTER MEN’S SHIRTS 88 Value to $16 MEN’S FASHION JEANS 88 Value to $20 We’re more than a pant store! ALL SALES FINAL VISA’ MSC FREE UNIVERSITY IS LOOKING FOR INSTRUCTORS FOR THE FOLLOWING CLASSES DISCO DANCE ? C °U RMET COOKING TENNIS gymnastics SPEED READING Hn^5 TIVENESS TRAINING ^WTC STUDY GUITAR ITALIAN COSMETOLOGY PERSONAL FINANCE UNDERSTANDING THE STOCKMARKET AUTOMOBILE REPAIR POWDER PUFF MECHANICS OTHER .. . ^ 0U know of anyone interested In teaching one of the above courses or a Ms I s * not mentioned contact: "i’C Free U at 845-1515 Texas A&M University announces a Special Season Ticket Discount (Sept 4- Sept 15 only!) A&M Student with activity card Zone 1 Zone 2 Zone 3 $25.75 21.75 $21.25 $18.25 $17.10 $15.10 Six exciting performances by outstanding artists The Houston Ballet - October 18 Orchestra du Capitole de Toulouse - November 2 Pinchas Zuckerman - November 14 A Festival of Russian Dance - February 15 Texas Opera Theatre - March 1 San Antonio Symphony Orchestra with the Texas A&M Singing Cadets and Century Singers - April 10 Tickets available at the MSC Box Office, Rudder Tower For more information, call 845-2916 OPAS. Has It All!