Page 10/The Battalion/Wednesday, January 22, 1986
Texas’ high
court justice
to run for
re-election
Associated Press
AUSTIN — The next 10 years
will be very important to judges and
voters in Texas, Supreme Court Jus
tice Robert M. Campbell said Tues
day in announcing his plans for re-
election as a Democratic candidate.
“The Legislature has mandated
that a concentrated effort be made
to modernize and streamline the
Texas judiciary and we are hard at
work bn this task,” Campbell told a
news conference.
Campbell, 50, a former Waco law
yer, said he has been the author of
126 opinions while on the Supreme
Court. He serves as chairman of the
Texas judicial Budget Board.
Also in Austin, Nina Butts an
nounced as an opponent for U.S.
Rep. J.J. “Jake” Pickle, D-Texas.
She said she would be the first
Democrat to challenge Pickle in the
past six years.
Carole Rylander, former member
of the State Board of Insurance who
switched recently from the Demo
cratic to Republican Party, said last
week she was seriously considering a
race against Pickle.
USA Today:
For the Leaders of Tomorrow
News... Money... Sports... Life The Newspaper
of Tomorrow is Here Today.
40% off to Aggies
January 13-24
Call 846-2911
or
1-800-USA-2004
Also available on Campus
at the MSC
Experts worried at oil futures decline
Associated Press
HOUSTON — Oil industry ex
perts are keeping a wary eye on the
plummeting prices of oil futures,
saying the declines do not affect
companies immediately, but could
dampen already depressed explora
tion and drilling.
Most companies expected prices
to fall in the first half of this year,
analysts and company officials say.
A decision in December by the
Organization of Petroleum Export
ing Countries to keep what it consid
ered its fair share of the world oil
market ensured the continuing price
slide, Adkerson said.
On Tuesday, oil futures prices
continued falling, driven downward
by an overabundance of supply,
weak demand and, some analysts
said, the market’s own momentum.
A barrel of West Texas Interme
diate crude, the benchmark U.S.
grade, dropped to at least $21.10 for
delivery in February, down 17 cents
from Monday’s close of $21.27.
Monday’s price was down $2.26
from Friday.
“. . . This drop could be very harmful in the activity of
exploration. Just the perception of it does create pessi
mism among the independents. ”
—- George Mitchell of Mitchell Energy and Devel
opment Corp.
spo
rht
which brought $32 a barrel in No
vember, fell 70 cents to $21.00 a bar
rel, after having fallen $2.25 a barrel
to Monday’s $21.70 close.
Officials at major oil companies in
Houston insisted they did not pay
that much attention to the futures
market. But at a major independent
producer, a spokesman who re
quested anonymity cautioned that
the market decline was “a bad omen
for us. It’s an omen that prices are
softening.”
At National Supply Co. of Hous
ton, the world’s largest manufac
turer and supplier of machinery and
equipment to the oil patch, a spokes
man said that while the decline was
was
in the
expected, “I guess everybody
shocked at the degree of fall n
past week.”
“We watch them, but we’d rather
watch the posted price of West
Texas Intermediate and the posted
price on a monthly and yearly basis,”
said George Mitchell, whose Mitchell
Energy and Development Corp. is
among the nation’s largest indepen
dents.
“But this drop could be very
harmful in the activity of explora
tion. Just the perception of it does
create pessimism among the inde
pendents,” Mitchell said.
This week’s Hughes Tool Co.
count of oil and gas rigs in the
Classic
Classic
817 UNIVERSITY
FROZEN DRINK SALE!
Back to School Special
For the Cotton Bowl Champs!!
All Day Wednesday, January 22nd
TEXAS’ ORIGINAL DRIVE-THRU DAIQUIRI FACTORY
1 $0$
00
"a*
FROZEN COOLERS
-FLAVORS-
Margarita-Frozen cactus juices from south of the border. Ole!
(ask for salt if desired).
Hurricane-We bring Bourbon Street to Texas.
Mai Tai-Orange, pineapple, lime, etc. — Delicious.
Blue Hawaiian-Pineapple and lemon...think of blue oceans.
Tropical Punch-Too many fruit flavors to name.
Strawberry Daiquiri-Real strawberries.
Peach Daiquiri-Straight from the orchards.
Banana Daiquiri-What else but bananas.
Pineapple Daiquiri-Smooth all the way.
Grape Daiquiri-Bunches and bunches good.
Lemon Daiquiri-Not too tart.
Cherry Daiquiri-Everything but the pits.
Screw Driver Frozen sunshine.
Raspberry Daiquiri-What can I say — more real fruit.
Pina Colada-Pineapple and coconut-smooth & creamy.
Strawberry Colada-Delicious combination. ^
Banana Colada-Another delicious combination. ^ J _
Peach Colada-And another... jS • *»i ^
Raspberry Colada-And another... i
Grape Colada-And another.-d’m getting tired of this too.>
Peaches & Creme-A little ice cream makes it smooth.
Strawberries & Creme-Try it. you’ll like it.
Bananas & Creme-The monkies go ape over this one.
Raspberries & Creme-Still more real fruit.
All drinks are made with real fruit or fruit juices.
off
g£
off
$0 y.iot*
SMALL
MEDIUM
LARGE
EaGAL.
$2.25
$3.75
$5.50
$12.00
(12 oz.)
(20 oz.)
(32 oz.)
(Refillable
Thermos)
Refills $9.00
ENJOY IN MODERATION-PLEASE DON’T DRIVE WHILE INTOXICATED
HOURS
Monday-Thursday
Friday-Saturday
Sunday
12:00 til 10:00
12:00 til 12:00
1:00 til 10:00
846*1861
817 UNIVERSITY
United States dropped to its lowest
level in almost 10 years.
The Hughes count, the industry
yardstick for drilling activity, listed
1,773 rigs operating, down from
1,880 the previous week and 2,370
from a year ago.
Mitchell speculated Tuesday that
the futures price slide could be a
carefully thought out plan by OPEC.
“It could be that OPEC will drive
the price down to $ 18 as a deliberate
maneuver to force the North Sea
people and Mexico and others to
really say: ‘We must be more sensible
in how we produce our wells,’ ” he
said. —
In the oilfield supply industry,
National Supply Co. spokesman
Jerry Marks saia the significance of
the plunge was dependent “on how
far it falls.”
“It discourages drilling, ob
viously,” he said. “There is an over
supply of oil now. It can have a disas
trous affect on certain countries,
banks, drilling companies and sup
pliers, who are already strapped.”
Mardi Gras
New Orleans
S 115
includes van transportation
and 2 nights lodging
February 7-9, 1986
sign up now in room 216 M$C
for more information
call MSC Travel at 845-1515
Battalion Classified 845-2611
sponsored by Student Government
Imprint
A
Tradition
The
Big Event
(a community service project)
March 8
Lend A Hand to your Community
Pledge your organization now!
All individual students also encouraged
Applications Available
in the Student Programs Office in the 2nd floor of
the MSC and in the Student Government office in
2nd floor of the Pavillion.
TUDENT
KNMENT
UNIVERSITY