‘atij
Oil tax will hurt small firms, owner says
ference ^
mbat bri^
artilfery
ons, has!
years, m
yU.S.ini
:d to
rom SAL'
ipeared
in troops
re is an is
oil p
i Dired
the coma
; VVednest
etails
Both
n have
d the \mj
:y have Is
970s.
United Press International
DALLAS — Gwynne Gazzaway
irs the federal windfall profits tax
iiforce many small oil companies
of business and threaten the fi-
security of thousands of
idl royalty owners, and that’s why
’sorganizing an opposition.
Gazzaway said the federal gov-
nment has created distrust of the
1 companies, and through that dis-
ust has made the windfall profits
i acceptable.
“It’s the biggest extortion scheme
this country’s history,” she said.
“There has been a pretty good
iow job done by the executive
tic
;nate s]
aU.S.
• the
rn.
! •
nal Seem
"long-i
itters,
ion on
t« iply
cial said!
approve
s on U.S.|
ps in
ions ii
rails it
>r laund
rcraft.
’002
S
ays beei
e savs-hf
lirmanof
ment fa
shock to
’en hadi
as a mao,
THE BATTALION Page 11
FRIDAY, SEPTEMBER 7, 1979
branch of the government, but
we’re coming along in our efforts. I
believe if we can get the American
people to start thinking about this,
they will see this. ”
Gazzaway is organizing small
producers and royalty owners,
primarily in Texas and surrounding
states, into the Gwynne Gazzaway
Energy Trust, headquartered in
Dallas. Some of her early efforts
have involved distribution of news
releases with reaction to a move by
either President Carter or the Con
gress, and asking for general sup
port.
Her latest was a broadside mailed
to “the millions of small mineral and
royalty owners and small stock
holders of oil companies, large or
small; the small independent oil
people of this country. ”
The mailer contained exhaustive
information and then a stacked
true-false test that includes such
statements as, “OPEC is not ripping
you off — your own federal govern
ment is” and “Of all domestic prod
ucts, only gas and oil are price-
controlled by the federal govern
ment.”
“The name itself is a misnomer,”
Gazzaway said. “Essentially it is not
a windfall profits tax at all, but a
permanent excise tax. They have
given it that name, but the tax will
still be levied whether or not any
profit is made on a well.
“The government has set up a
minimum, but they have not let the
American people know that the tax
will be in effect whether or not that
minimum is met.”
Most importantly, however, Gaz
zaway believes the American public
is being misled as to whom the tax
will affect.
tudent helps break cocaine ring Alamo called
imperialist
>pe ith
.5 ng
Sesi [fei
United Press International
LUBBOCK — A third-year Texas
r ech law student, indicted June 7
ith 13 other persons in connection
an alleged cocaine-trafficking
j, has pleaded guilty to a lesser
use and may assist federal prose-
utors in gaining additional indict-
lents.
Randy Tom Leavitt, 25, of Austin,
guilty Wednesday to one
rant of marijuana possession on
10. He was sentenced by U.S.
(strict Judge Halbert Woodward
six-month probated term and
sessed a $1,000 fine.
Woodward also ordered Leavitt
enroll in a drug abuse program,
indicated the defendant may
on Jan. 15 for early discharge
his probation.
Leavitt had been charged with
ispiring to bring cocaine from
loso, N.M., to Lubbock, with
counts of facilitating the conspi-
and with a single count of pos-
sion of cocaine for distribution.
In exchange for his guilty plea, all
charges relating to his involvement
in the alleged ring were dismissed
by Woodward.
Leavitt’s plea-bargained ar
rangement was announced at what
was expected to be a pretrial hear
ing on wiretapping procedures used
by the government during the drug
investigation.
Assistant U.S. Attorney David
Bass said Leavitt will provide a trial
jury or a federal grand jury, tenta
tively scheduled to meet in Amarillo
this month, with “whatever per
sonal knowledge he has of the drug
situation. ”
Of 17 persons named in cocaine-
related indictments returned this
summer, only seven have not com
pleted plea-bargaining arrange
ments with prosecutors, Bass said.
Three of the seven are fugitives.
Bass refused to disclose the
names of the four others who have
not reached agreements because
“we are still in the process of
negotiating,” and he declined to
discuss the pleabargained agree
ments of other defendants.
symbol
-
Wine favored as medicine
J '0
cv
United Press International
ANAHEIM, Calif. —A pharmacy
professor says scientific experimen
tation with wine over the past 30
years has strengthened the validity
of many ancient medical claims
made about it. Steven Strauss, an
associate professor from Long Island
(N.Y.) University’s pharmacy col
lege, says the clinical uses of wine
declined because of Prohibition and
competition with new drugs. “Wine
lacked the dramatic quality of the
claims made for the increasing
number of new drugs,” Strauss said
in a paper presented at the recent
American Pharmaceutical Associa
tion convention in Anaheim.
Bob Hope says,
“Help keep 1
Red Cross
ready.”
A Public Service of This Newspaper & The Advertising Council
United Press International
SAN ANTONIO — Arizona Gov.
Bruce Babbit, chairman of the U.S.
Border Regional Commission, says
the Alamo is a symbol of what is
wrong with U.S.-Mexico relations.
“We must forge a new relation
ship based on recognition of Mexico
as an equal,” said Babbitt, heading a
group of Arizona lawmakers study
ing San Antonio’s famous river walk
with the idea of creating a similar
tourist attaction in Phoenix.
“But the Alamo is a symbol of the
problem in our relationship with
Mexico, a sacred symbol to Texans
and an extension of the American
ideal,” he said. “But to Mexico, it’s a
symbol of territory lost, a nation
plundered by overbearing gringo
neighbors.”
Babitt said both the United States
and Mexico should reconsider their
views on such symbols as the
Alamo.
Earlier this summer. Babbitt
clashed with Texas Gov. Bill Cle
ments during a meeting of the bor
der regional commission, calling
Clements’ plan to purchase oil and
natural gas from Mexico “imperialis
tic.”
During his visit Wednesday Bab
bitt continued his criticism of Cle
ments, saying the Republican Texas
governor’s style of diplomacy was
“something that went out in 1938. ”
“Instead of talking of going down
there to develop their energy re
sources, we need to invite Mexico to
come to the Southwest,” the
Arizona governor said.
“The government has used the
figure of $140 billion it will receive
from the tax, but they don’t tell the
people that one-eighth of this
amount, or just a little over $17 bil
lion will come from the small pro
ducers and royalty owners,” she
said.
She said the majority of the small
producers and royalty owners come
from middle class America, and
some could even be classified in the
low income bracket.
“This tax is forcing many small
drillers out of the business, because
they just can’t afford this type of
tax,” she said. “From the informa
tion I’ve gotten the number forced
out is already near 3,000. It’s a seri
ous proposition.
“Royalty owners come from all
walks of life. Some are small farm
ers, one out in east Texas is a county
clerk and a lot of them are retired
people who depend on their royal
ties just to exist. There are some in
nursing homes, who for one reason
or another don’t have any Social Se
curity benefits and have to have the
royalty checks in order to have a
place to live.
“One lady in particular gets $150
a month, which supplements her
$75 Social Security check. She is 80
years old and a widow. It is all she
has to live on. So, you see, most of
us are not oil barons.”
Football Season is Here
Let us Watch Your Children
As You Watch the Aggies!
P-M
822-5837
779-6451 AFTER 6:00 P.M.
BONDED PROFESSIONAL CHILD CARE IN YOUR HOME
MSG — OPAS
i i
OPAS IS FOR EVERYONE”
Applications are now being taken for new mem
bers for the 79-’80 season.
Pick up application and more information at
the secretary’s desk, room 216, student pro
grams office in the MSC.
Applications will be taken Sept. 3-14.
Battalion Classifieds
845-2611
★★★★★★★
pool
tournaments
every Monday night
ZACHAR1AS
GBEEIMOUSE
dub t. same parlor
never a cover charge
OPEN 4 pm DAILY 1pm WEEKENDS
HAPPY HOUR EVERY DAY TILL 7
ZACBURGERS & HAPPY HOUR
SAT. & SUH. 1-7 P.M.
FOOTBALL ON T.V.
backgammon
tournaments
every Tuesday night
CHRIS BARR PLAYING & SINGING TONIGHT 5-8
1201 Hwy. 30 in the Briarwood Apts., College Station 693-9781
4- ★★★★★★★★*★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★★*★★★★★*
going o
y indicaj
e to I
.'oholismj
d him to]
episode J
ing ■
'inghacl
i to seel I
e said,aj
physical J
holism.
<er,’'lie|
nit what J
iid they
e asked ]
c at all.
ause he
I him to
ing says |
ice t
d.
will be |
atment i
ized.’”
osis”of j
coholic j
me but
sm is,”
lat you j
in’t.”
or
-ge
WE WANT YOU!
| life need a few good photographers
\for the 1980 AGGIELAND. An equip
ment requirement of AT LEAST ONE
\35MM CAMERA and TWO LENSES iS
{MANDATORY.
INTERESTED?
If so, come to the
Aggieland Office, 2nd Floor,
Reed McDonald Building,
Wed., Sept. 12 at 8 p.m.
questions?
Call the Aggieland at
845-2611
between 8 a.m. and 5 p.m.
SURPRISE!
HP Mokes professional calculators students con afford.
Now when you think “professional calculator,”
think “affordable!’ Specifically, think Hewlett-
Packard Series E — a full line of professsional
scientific and business calculators designed for a
student’s needs and budget.
Easy for study. All Series E calculators fea
ture a large, bright LED display with commas to
separate thousands.
Self checking. Built-in diagnostic systems help
you catch and correct errors. Saves time and worry.
Extra accuracy. New, improved algorithms
give you more precise and complete answers — for
greater confidence.
Extra features. Low battery warning light.
Rechargeable batteries. Positive click keys.
For science and engineering students:
The HP-31E Scientific. $50?
The HP-32E Advanced Scientific with Statistics. $70?
The HP-33E Programmable Scientific. $90?
For business and finance students:
The HP-37E Business Management. $75?
The HP-38E Advanced Financial with Program
mability. $120?
O.K. Looks like you can afford a professional
calculator. But why do you need one? Glad you
asked. The answer is in our booklet, “A buyer’s
guide to HP professional calculators’.’ It’s loaded
with tips on buying the Series E calculator that’s
right for you. For your copy, stop by your nearest
HP dealer. For the address, CALL TOLL-FREE,
800-648-4711 except from Alaska or Hawaii. In
Nevada, call 800-992-5710.
HEWLETT iho, PACKARD
jJWJ
Dept. 658K, 1000 N.E. Circle Blvd., Corvallis. OR 97330
‘Suggested retail price excluding applicable state and local taxes —Continental U.S.A.. Alaska and Hawaii.
019/15