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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (April 10, 1979)
» L TUESDAY, APRIL 10, 1979 Oilmen can take the money and run: $17 billion before paying profit tax United Press International WASHINGTON — President Carter’s plan to boost oil prices and then impose a profit-control tax would mean a $17 billion windfall for the industry before the tax takes effect. Energy Secretary James Schlesinger said Monday. Schlesinger testified before a House appropriations subcommit tee looking at energy budgeting. Carter’s new energy policy, an nounced last week, calls for phasing out controls on domestic oil prices by late 1981 as a means of persuad ing people to conserve. He also proposed that Congress pass a windfall profits tax to prevent the industry from using all the increased revenues without restraints. Schlesinger told the committee Carter would not have the profits tax take effect until controls are re moved altogether on Sept. 30, 1981. He estimated that between now and then, oil companies would get $17 billion in revenues that the profits tax would not touch. The government will probably get somewhat more than half of that in corporate taxes and royalties, he said, while a profits tax, if passed by Congress, would probably capture another 20 percent. He estimated that from the date controls end, oilmen will gather $15 billion to $16 billion per year in added revenues. Until then, the $17 billion total extra money “will help arrest the decline (in production) in many of our older wells,” Schlesinger said. He said many producers have been shutting down marginal wells be cause the price controls gave them too little money to make them worthwhile. ‘We are placing the incentive in itially in just those areas in which we expect to get the best response,” Schlesinger said. Meanwhile, President Carter courted the 38 freshmen House Democrats Monday in behalf of his tax proposal. “If I can quote the president, he said, T don’t intend to lose this one,”’ Rep. Don Mica, D-Fla., told reporters later. “I would think the windfall profits (tax) has an excel lence chance.” Rep. Peter Peyser, D-N.Y., urged Carter to jawbone oil com pany presidents. “I felt he ought to lay it right on the line with these oil companies and tell them they are dealing with the whole future of this country and perhaps the future of the oil com panies if they don’t respond and give us some guarantees of in creased production,” Peyser said. Woman MP is post’s only triathalon entry United Press International SAN ANTONIO — Spec 4 Dorothy A. Crorack can pump 50 straight bullets from her .38-caliber pistol into a silhoutte target 35 meters away without a single miss. She runs at least two miles a day and swims every chance she gets. In keeping with the larger role played by women in the military to day, Crorack is the non commissioned officer in charge of the Fifth Army’s quadrangle mili tary police detail at Fort Sam Hous ton. When she is not patrolling the Army post with other MP’s, Crorack may be found practicing her pistol shot, swimming, scuba diving, motorcycling, tennis, racquetball, pool, backpacking, canoeing, shoot ing targets with a bow and arrow, or traveling to the mountains for some snow skiing, the latter being her fa vorite sport. The 28-year-old is Fort Sam Houston’s only female entrant in the U.S. Army Forces Command triathalon competition. Although this is her first time to enter the triathalon, featuring both men and women’s divisions, Crorack’s interest in sports may give her an advantage over some female contestants who will fire 15 rounds with a .22-caliber pistol, run one and one-half miles and swim 200 meters. Last year Crorack was a swim ming instructor who trained Fort Sam Houston lifeguards. She said she timed herself in the swimming event and posted a time 40 seconds ahead of last year’s triathlon winner. vote ANDREW COOK v.p. external affairs! the ‘FLYING DUTCHMAN’ will bring the ‘WINDS of CHANGE’ Crorack said her physical abilities were aided by the fact she is the only daughter of six children reared by parents who immigrated to the United States from Australia 30 Wade Masterson Student Body President Equus to open at Form “Equus,” an intense ps^ cal drama about a stab blinds six horses with a meli I opens Wednesday at 8 p.m, " first of eight performances Aggie Players. It will bell production for the playe; school year. The play will run ni nesday through Saturday, 4 and next at Rudder Forum, are on sale at the Memorial!! L Center box office and " sold at the door, beginning each night. Tickets cost $2fj A&M University students ani the general public. Robert Wenck, director^ I ^ ter arts, said the products mature audiences, notions children. He said the pin with the stable boy’s reals the reasons he committedtlit | ings and his subsequent psyi cal treatment. While there was nudity original performances of I Wenck said, the Ag duction will not have nudes Cast auditions were students were chosen. Weiu| about half of the students ter arts majors, while o from various other hackgro— eluding a pre-med major.hi said, most of the players a™ the College of Liberal Arts. At left. Chip VVashabaugbi L the young boy and Sid Catlett f Dr. Martin Dysart, his psyi rist. Battalion photo by L)« ‘Deer Hunter’ tops Oscai United Press International Jane Fonda and Jon Voight, lovers in the Vietnam War film “Coming Home,” won the best actor and ac tress award in the 51st annual Oscar presentations. Another Vietnam War story, “The Deer Hunter, ” won Now you know United Press International The great philosopher Socrates was trained as a stonecutter but never worked at the trade, giving free les sons instead to young Athenians while his wife supported him and his three children. If you want the real thing, not frozen or canned . . . We call it “Mexican Food Supreme.” Dallas location: 3071 Northwest Hwy 352-8570 Sail the Florida Keys on "the MSC TRAVEL TR0BIEM ■PRE&NNNCY? Are i/ou cobs/dennj Abortion ? Con tt den Ha I Free. Counse.lip^^and Hedcrmt* fsizi tiVl-WSO In Austin (713) 521-a&t In Hwstwi TbttsProblern ■Pregnnrjcy- A nori'profii: CfSrpmritor) The expression “Don’t give up the ship” was not said by John Paul Jones but by Capt. James Lawrence aboard the U.S. frigate “Chesapeake” on June 1, 1813. His exact words were: “Tell the men to fire faster and not to -give up the ship; fight her till she sinks.” No U.S. coin shows its denomina tion in numbers. the best picture of the years |o At the same time outside the Los Angeles} I Music Center, 14 demonst | protesting the nominationsil Deer Hunter” for its allegely | nature were arrested shortly! B the ceremony began. The Os the second for Miss Fonda,«li her first in 1971 for “Klute,”! nominated in 1969 for Cowboy, took home his first Deer Hunter” led all otherls five awards, including bestr ' for Michael Cimino. Maggie Smith won as porting actress for playingaai who loses an Oscar in “Cl I Suite, ” and newcomer Christ Walken won the award forte porting actor as a selfdestn shell-shocked Vietnam Wartfl While dramatic pictures awards, the real drama was pit I by two veterans of Hollyvoo tures who received standingo'i from the star-filled audience John Wayne and Sir Lai Olivier, both former Oscar« gave eloquent speeches oftln the academy and their felM after being introduced to rfl | applause. Unicorn r r May 20-27 - IF WE HAD A FEW MORE TO WORK WITH THISONE WOULDN T BE SO DAMNED IMPORTANT MSC BOOKSTORE OUT-OF-BUSINESS? Senate Bill 1179 may force the MSC Bookstore out of business. A POLL WILL BE TAKEN APRIL 11 & 12 IN THE MSC PLEASE EXPRESS YOUR OPINION. ★★★★★★★★★★★★★★★★★ ★★★★★★★★★★★★★★*** $ 435 includes: round trip air fare from Houston meals 7 day instructional cruise Sign up April 11 in Rm. 216 MSC $100 deposit required for info call 845-1515 REPS ON CAMPUS TODAY!! INFOFtMATION BOOTH: MEMORIAL STUDENT CENTER MALL Interviewing Seniors/Grads at the Career Planning and Placement Center, 10th floor Rudder Tower. Peace Corps A WORLD OF OPPORTUNITY VISTA VOLUNTEERS IN SERVICE TO AMERICA DO YOU LIKE YOUR PHONE SERVICE? COME TO A FORUM AND VOICE YOUR OPINION APRIL 11 4:00 P.M. 601 RUDDER FOR BOTH ON & OFF CAMPUS STUDENTS.