S2L
World & Nation 11
Thursday, March 21,1991
"yk\ The Battalion
Chairman lobbies Congress
Krueger seeks oil import fee
)n
3th
)nin
start a
th
with
leave
tad
ut
:sto
about
ny
whicli
ttact
tid.
great
emost
ers
nd
when
he's
hat
id.1
lon't
to
ation
do.
WASHINGTON (AP) — The
chairman of the Texas Railroad
Commission is lobbying influen
tial members of Congress to pass
an oil import fee, claiming a floor
under domestic crude prices is
the only way to ensure adequate
supplies and moderate the mar
ket.
Although Robert Krueger is
trying to do what the Texas con
gressional delegation never
could, he says the aftermath of
the Persian Gulf War may be just
the time to strike.
Krueger, a former congress
man who heads the agency that
regulates oil and gas in Texas,
said the war has focused atten
tion on the country's depen
dence on imported oil and the
fact that mucn of it comes from
such a volatile region of the
world.
"Bubble, bubble, toil and trou
ble. Fire bum and cauldron bub
ble. Right now the cauldron is
going in the Middle East and
we've got 591 wells burning in
Kuwait, which makes people
more aware of the cost of our
lack of policy," Krueger
said
. _ gei
Wednesday before testifying on
Capitol Hill.
In testi
mony last
month before
a House com
mittee, and
again before a
Senate panel
Wednesday,
Krueger
called oil "the
umbilical cord
that feeds the
world's in
dustrialized
nations."
"If oil
worth
is
Sen. Paul Simon, D-lll., has heard
Robert Krueger’s plan of an oil import
fee, which Krueger said will ensure
an adequate supply of oil and a stable
market. Krueger is scheduled to meet
with House Majority Leader Richard
Gephardt, D-Mo., today,
for in the Middle East, it's worth
drilling for in America," he told
the House Energy and Com
merce subcommittee on energy
and power.
On Wednesday, Krueger told
the Senate Committee on Energy
and Natural Resources that there
can be no national energy strat
egy without adequate supplies
of oil at stable, moderate prices.
"And we can only assure such
availability if a significant part of
those supplies comes from
American soil
rather than the
sands of the Sa
hara. To gain
such supplies,
we must have a
floor price for
domestic oil of
about $20 a bar
rel," the New
Braunfels Demo
crat said in a
statement to the
committee.
Krueger said
the floor price
would be
achieved most easily through a
variable oil import fee that
would take effect any time the
world price for oil dropped be
low $20. By taxing foreign oil to
that value, the domestic price
rises accordingly.
That, in turn, would stimulate
domestic exploration and pro
duction, because drillers — and
their bankers — could be sure of
a return on their investment,
Senate approves $30 billion
for bailout of S&L depositors
J
WASHINGTON (AP) — The Senate took less
than one minute Tuesday to approve a compro
mise bill pumping an additional $30 billion in tax-
S er money into the bailout of depositors in
id savings and loan associations.
The measure was adopted on a voice vote,
shortly after Senate-House negotiators worked
out the compromise in less than 15 minutes.
The House is expected to give the measure final
congressional approval later this week. President
Bush is expected to sign it.
The bills passed “earlier by the House and the
Senate each provided the $30 billion. They dif
fered only on a few, comparatively minor details.
But members of the negotiating committees
were no more enamored of the legislation than
they and other lawmakers were when the bills
originally passed the House and Senate. Members
of Congress are wary that the public perceives the
bailout as just another Washington scandal.
"We have no choice," said Rep. Chalmers Wy
lie of Ohio, the senior Republican on the House
Banking Committee. "We must provide the nec
essary resources to cover the insured deposits of
taxpayers and to maintain consumer confidence
in our banking system."
Rep. Barney Frank, D-Mass., pronounced him
self ready to vote for the final bill "only if we get
an agreement we won't have to go to a public
signing ceremony."
Act bans some Gulf War souvenirs
DAMMAM, Saudi Arabia (AP)
- Soldiers returning from the
Gulf War are bringing home
Iraqi bayonets and Saudi Ara
bian prayer rugs but their com
mander faced possible red tape
with his bottle of Kuwaiti sand.
The Federal Plant Test Act
rohibits the introduction into
e United States of sand, soil,
vegetation and animal products"
without a permit, U.S. Central
Command spokeswoman Lt.
I
Col. Virginia Pribyla said
Wednesday.
Gen. H. Norman Schwarzkopf
scooped the sand off a Kuwait
City beach last week and told re
porters it would be among his
most treasured possessions. It
seems he'll be able to take it
home after all.
"The Department of Agricul
ture has offered to inspect Gen
eral Schwarzkopf's sand and
process it if necessary," Pribyla
said.
Schwarzkopf's booty seems
modest when measured against
the trove of Iraqi gear other sol
diers are taking home.
Staff Sgt. George Chappell, 39,
of Hinesville, Ga., showed off
his collection: a complete uni
form, a helmet, two gas masks, a
Republican Guard beret and two
whistles.
8
From wire reports
Kuwait’s Cabinet
resigns, rebuilds
_ UNITED NATIONS - Kuwait’s
abinet resigned Tuesday in a
move intended to bring in new of
ficials as the nation rebuilds from
nearly seven months of Iraqi oc
cupation, the emirate’s U.N. am
bassador said. Ambassador Mo
hammad Abulhasan said the
prime minister submitted the res
ignations, which were immedi
ately accepted by the emir, Sheik
Jaber al-Ahmed al-Sabah. Abul
hasan said the new Cabinet
should be named in about a
week.
Bush warns Iraq
of hard-line stand
□ WASHINGTON - President
Bush warned Iraq on Wednesday
the United States will continue to
shoot down its warplanes if any
more take off, underscoring the
hard-line stand the administra
tion has adopted in the absence
of a formal cease-fire in the Per
sian Gulf War.
Sony Corp. signs
contract with singer
□ NEW YORK - Sony Corp.
demonstrated its awesome
power in the entertainment in
dustry Wednesday by announc
ing a long-term contract with pop
superstar Michael Jackson, that
could be worth more than $1 bil
lion in sales.
THURSDAY
7:00 p.m.
9:30 p.m.
Werewolf In London
Rudder Theater
$2.00
”A knock-your-socks
off, fantastically
frightening and
lusciously gory
monster movie!
LIFE MAGAZINE
AN
AMERICAN
WEREWOLF
IN LONDON
•' I U A NTMROI'MIEMS LIMITKO r
in W«.HTO\.j»i
1.4. JOHN UtXMA
JTq<m0or?ULIl
A WONDROUS ANIMATION SPECTACLE
ABLAZE WITH ADVENTURE
WALT DISNJEYS
Sleeping
BeauTh
RIDAY
7:00 p.m.
Rudder Theater
$2.00
SATURDAY
7:00 p.m.
Greysfoke: The
9:30 p.m.
20,000 Leagues
Under the Sea
$2.00
12:00 a.m.
War of the Worlds
$1.50
GREYSTOKE
THE LEGEND OF
TARZAN
Lord of the apes
&
LADIES AND LORDS
<3 AT TEXAS 807
where
A Wedding Party Renting
6 or more Tuxedos
receive a
$10 Discount on each Tuxedo
ensemble and...the Grooms FREE
807 Texas Ave. 764'8289
Call for details
Krueger said.
Krueger said the mounting na
tional deficit, along with the ris
ing costs of the savings and loan
bailout and the costs of the war,
may also make an oil import fee
more appealing now than be
fore.
Krueger said he has taken his
case to Rep. John Dingell, D-
Mich., the chairman of the
House Energy and Commerce
Committee, and Illinois Demo
crats Sen. Paul Simon and Rep.
Phil Sharp. He was scheduled to
meet today with House Majority
Leader Richard Gephardt, D-
Mo.
A Dingell spokesman said the
congressman believes a funda
mental issue of the national en
ergy strategy, which has been
proposed by President Bush, is
cheap, imported oil.
$ NEED A LOAN f
$ TO STUDY ABROAD? $
, $ NEED HELP WITH THE $
<£ LOAN PROCESS?
<c (£ <£(£<£ (t> (£ <1?
EXPLORE THE POSSIBILITIES OF
FINANCIAL AID FOR STUDY ABROAD
Informational meeting
Thursday, March 21
2:00 - 3:00 p.m.
Room 410 Rudder
A Financial Aid Counselor will be on hand to answer
your questions about financial aid for Study Abroad.
%
TiaCM UN
(409)764-0466
"Everyone knows the importance of getting good value, but
not everyone knows the importance of comparing the
difference to get good value." - - Chinese Proverb
COROLLARY:
When in doubt about which Chinese restaurant in B/CS is the
best taste the difference.lhose who taste the difference will
surely get good value.
FOLLOW THE ANCIENT WISDOM, TASTE THE DIFFERENCE
AT IMPERIAL
Where quality authentic Chinese food is served at affordable prices.
In addition to lunches on weekdays, the well liked IMPERIAL Buffet is
now available in the evening from 5:30 p.m. to 9:00 p.m. on Monday,
Tuesday and Wednesday for $5.55 per person.
TRY IMPERIAL, YOG WILL KNOW THE DIFFERENCE!
Special Combination Dinner
University
3:00 p.m. - 10:00 p.m.
Choice of Egg Drop Soup or |
1
Hot and Sour H
Harvey
Soup Egg Roll or Crab Puff
Steamed or Fried Rice
■
1.
Sweet & Sour Pork
3.95
6. Chicken w/Cashews
3.95
2.
Sweet & Sour Chicken
3.95
7. Chicken w/Broccoli
3.95
3.
Sweet & Sour Shrimp
4.55
8. Shrimp w/Cashews
4.55
4.
Pepper Steak
4.25
9. Hunnan Chicken
3.95
5.
Twice Cooked Pork
3.95
10. Beef w/Broccoli
4.25
FRIDAY & SATURDAY
Midnight
THE GROVE
(No Rice—Birdseed Only)
hero/,
m gi .
m