Wednesday, March 26, 1986/The Battalion/Page 5
earch on
ne or armed
iscapees
'he c° rtkt M NESVILLE (AP) ~ Au '
I rities searched Tuesday for
stim prisoners who sawed through
u ' bars across a dayroom sky-
Kl tatthe Cooke County Jail and
awrence Byrom, 56, Thomas
iV1 || t( tnfield, 25, Steven Dooley, 22,
inv th ‘‘ c ^ Lewis, 17 and Ismail
a n j no, 17, escaped from the jail
ncurred ldav ni S ht - Sheriff J ohn A s-
gtitypo sai<1,
he men were believed to be
iing south and were armed
mit ,||, v dangerous, officials said.
•nofcitypJhe incident brings to seven
less, the number of prisoners to es-
cfifrom the jail in the past year,
said.
: hearing
s.
dak
ston said the jailer discovered
escape while on hourly
ids The five men escaped
. ugh a skylight in the center
?/T/Tl/ie dayroom, cutting through
bars and climbing through a
about 19 inches wide.
Reagan administration
studies filling oil reserve
WASHINGTON (AP) — Plung
ing crude oil prices are causing the
Reagan administration to rethink its
opposition to continued filling of the
nation’s Strategic Petroleum Re
serve, Energy Secretary John Her
rington said Tuesday.
“The time is now to re-examine,”
Herrington told the Senate Energy
and Natural Resources Committee.
Herrington said he instructed his
staff on Monday to study the impact
of the price decrease on filling the
petroleum reserve that was created
to lessen the impact of a shutoff of
foreign crude.
“I don’t want to signal with this
testimony that the administration
has changed its position” about halt
ing the filling process when the un
derground reserves reach 500 mil
lion barrels, he testified.
Congress and the administration
have been locked in a battle over the
reserves. Lawmakers have repeat
edly passed legislation requiring 750
million barrels, but the administra
tion says 500 million is enough to
carry the nation through about 120
days of an embargo.
The agitation on Capitol Hill for
taking the reserves past 500 million
has increased as world oil prices
dropped from the $27 a barrel
range in January to the current level
of between $12 and $15.
Much of the hearing focused on
the administration’s opposition to a
fee on imported oil, which some law
makers say is needed to ensure eco
nomically viable production and ex
ploration of domestic oil and natural
gas.
Citing the administration’s reli
ance on a free-market policies, Her
rington said an import tax would
damage the U.S. economy by raising
energy costs and would invite retal
iation by other nations.
He said that although the oil price
plunge has had serious and adverse
consequences for domestic energy
producers, an import fee would re
verse five years of free-market poli
cies that have produced more ad
equate oil supplies and cheaper
energy.
Herrington called for alternative
steps: continued tax breaks for pe
troleum companies, price decontrol
for all natural gas, simpler licensing
procedures for nuclear power
plants, more coal production on fed
eral lands and increased oil explora
tion off the U.S. coast.
Members of the committee chal
lenged the free-market approach.
Chairman James McClure, R-
Idaho, said Saudi Arabia was manip
ulating the world market by increas
ing production in a strategy to force
lower oil prices in the short-term in
order to achieve higher prices in the
long term.
He said that because of 'lower
prices, U.S. oil and gas producers,
the producing state and banks with
large energy portfolios are now
fighting for their lives.
The lawmakers said continued
loss of marginally productive U.S. oil
wells and cutbacks in domestic ex
ploration will leave this nation even
more dependent in the future on
Middle Eastern petroleum.
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nor and a
nude up of
•nt cornmun
hiefs of Pennzoil, Texaco will continue talks
ained that K
will be allokjpjSTON (AP) — The chiefs of Texaco
m of each md Pennzoil Co. met Tuesday in an attempt
idate willh ttle their multibillion-dollar dispute out of
ond toead but they agreed only to continue their
in addiiKi Pennzoil attorney Joe Jamail said,
be allowed lesday’s meeting in New York was scheduled
statement wnzoil Chairman Hugh Liedtke after Texa-
:hief executive officer John McKinley wrote
indseyDin ke suggesting the two sit down and talk face
intent's ex :e, Jamail said from his Houston office,
will be the m ail sa ‘d the meeting ended after about two
members I sant l that “they have agreed to hold further
asof lues ' n g s > but we haven’t set any dates.”
fe lth Texaco and other Houston-based Pen-
spokesmen have declined to comment on
teeting, citing an agreement of confidential-
t matters involving negotiations between the
panics.
cusst
Kapella ofiluj
olice Depat
; legalities ofi
xact processi]
igh after'
5.
Iso says Dr
e director o! 1
Counseling
ss the adj
•ictims, and
:nt and
alk about her
n is sponsoi
Organizati®
e Texas AWI|
ident Affair*
Earlier, Jamail said that although Texaco sug
gested the meeting, he didn’t expect any
agreement for an out-of-court settlement follow
ing Tuesday’s discussions since previous talks
have collapsed.
“Texaco has been trying to work the media,
but the problem is that they keep saying things
about settling and they don’t,” Jamail said. T’m
not optimistic any more since there have been
previous meetings and nothing has come out of
them.”
A Houston jury ruled Nov. 19 that Texaco
wrongly interfered with a merger agreement be
tween Pennzoil and Getty Oil Co. and then ac
quired Getty itself. The jury awarded Pennzoil
$10.53 billion in damages.
State District Judge Solomon Casseb Jr. af
firmed the award in December, adding $600 mil
lion in interest and saying more interest would
accumulate at the rate of 10 percent annually. In
terest is accumulating on the award at a rate of $3
million a day. Assuming Texaco’s appeal takes
about two years, the total accumulation would
easily fill the gap between the reported bargain
ing positions.
At the same time, Pennzoil faces the chance
that it could lose everything if Texaco wins its ap
peal.
Pennzoil is forbidden to file liens against Tex
aco properties under a federal court ruling
handed down last month. Pennzoil is appealing
that ruling.
party
es Thomps®
a LaRou cltt l
he LaRoucJ'J
Democrats
,ack the par 1 !!
outhwestc®
5 National If]
ee, said he
-tell the salt 1 ']
mie of the ^
Ut.” .(■
lames man)'f
: woes on at]
fie LaRou^j
nationwide ■
a quarantm'
bid
Extr«
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You survived break.
Now can you survive Corona Night?
Ice Cokl Corona Buckets $ 4. 5 °
lur last Corona Night was standing room
lily. We even ran out of buckets and had
use boxes!
We’re ready now with lots more buckets
and extra cases of Corona.
Can you survive Corona Night? We’ll only
know the answer to that if you show up.
Flying Tomato, the place to be.
Get any two slices and a bucket for $ 7« 50
'MZZ&'S
303 W UNIVERSITY-846-1616
Thursday Only March 27 from 8:00pm til 12:00pm
TM The Flying Tomato is a registered trademark © 1986 Flying Tomato Inc.
HALLEY'S COMET
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FILM DEVELOPING SPECIAL
$1.89
12 EXPOSURE
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24 EXPOSURE
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IS DISC EXPOSURE
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PHOTOGRAPHIC SERVICES AT GOODWIH HALL
fit
TEXAS A&M BOOKSTORE IH MSC
/ /
...jazzy,
snazzy
playing
and
outright
virtuosity."
—Seattle Times
"These duo-pianists put Brahms
next to Ragtime" wrote the Mew
York Times of Katia and Marielle
Labeque. MSC OPAS will present the
Labeque Sisters March 27 at Texas
AfifM Rudder Auditorium.
Sisters Katia and Marielle have per
formed together since their
childhood on the southwest coast of
France. Both won first prize in the
annual competitive examinations at
the Paris Conservatoire in 1968.
They have delighted audiences and
critics all over the world with their
music.
Their extraordinary music radiates
freshness and excitement with in
sightful renditions of Mozart,
Brahms, Stravinsky, Gershwin and
many Ragtime composers.
The MSC Opera and Performing Arts
Society brings great performers from
all over the world. Don't miss the
magic! Tickets are $8.75 for non
students and $7.25 for students at
the MSC Box Office, 845-1234. VISA
and MasterCard accepted.