The Battalion. (College Station, Tex.) 1893-current, February 15, 2001, Image 10

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www.geocities.com/tamubusiness_2000
STATE
Thursday, Febnian I,
Index: S
THE BATTALION
►ports ^
Bill to increase gas tax
lursday, Feb.
by five cents if approve^ Ru,
AUSTIN (AP) — The state’s 20-cent gas tax would
go up by a nickel to bring in more money for highway
construction projects, education and the state Depart
ment of Public Safety (DPS) if a bill filed Wednesday
is approved.
State Rep. Kip Averitt, R-Waco, said the bill he and
Clyde Alexander, D-Athens, are sponsoring would cost
a consumer with a car that has a 20-gallon gas tank about
$l more at the pump.
The additional revenues generated from the increased
tax would bring in about $l billion a biennium for high
way construction projects, Averitt said. Another $300 mil
lion would go to education and $25 million would go to
the DPS, Averitt said.
Gas taxes are dedicated revenues that fund road con
struction, education and the DPS.
“Increase funding for highway constructionisl
forefront this legislative session,” Averitt sakUSoif
a question of do we need to improve our highways
Gov. Rick Perry and legislative leaders haven'
tax increases.
Perry and others have been pushing theuseofll
Anticipation Revenue Vehicle bonds, kno»:p
GARVEE bonds, which leverage future incoming
way dollars to build roads sooner. Traditionally,Id
has been a pay-as-you-go state when it coniestok
ing highways. g 3
Averitt said bonds put the financing burdenc'|
future.
“A five-cent increase in the gasoline tax isac
sense, fiscally conservative approach to increased^
ing for Texas highways,” Averitt said.
B
FAFF AND ^
Ken Ru
[ing backs
rom 1994-
lead coach
tucker will
inning bac
Rucker
[acker coac
[barna and i
Oil discovery may be
She Univer
Gulf’s third largest
—News in Brief
Prison lieutenani
pleads guilty to
~
HOUSTON (AP) — A new deep
water Gulf of Mexico discovery con
tains an estimated 5(X) million barrels
of oil in what two petroleum compa
nies contend is the region's third
largest such find.
Crazy Horse North, the new field,
is five miles northwest of its name
sake, the Crazy Horse field, which oil
prospectors say holds an estimated 1
billion barrels,of oil — the Gulf’s
largest field ever found.
Executives at BP Amoco and
Exxon Mobil suspected after the
Crazy Horse Field was discovered that
another substantial reservoir lay near
by, said Jim Farnsworth. BP’s vice
president of deepwater exploration.
“We had an inkling that there was a
separate structure to the north, but we
viewed it as a higher risk,” Farnsworth
told the Houston Chronicle for
Wednesday’s online edition. “After we
drilled the first prospect well, we took
a leap of faith trying this.”
London-based.oil giant BP Amo
co, which last year became the sec
ond major petroleum company to
own Houston-based Vastar Re
sources, is now the largest producer
in Gulf waters up to 1,500 feet deep.
-i#'
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Left Coast. Right Job. 9
The company, second only to
Shell Oil Co. in production in all Gulf
water depths, owns 75 percent and
operates both Crazy Horse and Crazy
Horse North fields, with Exxon Mo
bil owning the remaining 25 percent.
Crazy Horse and Crazy Horse
North together will hold estimated re- •
serves in excess of 1.5 billion barrels,
according to BP. Company officials
have predicted that the Crazy Horse
discoveries, among others, will allow
them to produce 8()(),()()() barrels a
day from the deepwater Gulf over the
next decade, compared with current
totals of about 15(),()(X) a day.
Dave Blackwood. BP’s vice pres
ident of deepwater development, said
Crazy Horse and Crazy Horse North
are expected to be in full production
by 2005.
The discovery well in the Crazy
Horse North field, drilled on Missis
sippi Canyon Block 776 five miles
northwest of the original Crazy
Horse site discovered in 1999. en
countered 581 feet of oil in three in
tervals. Drillship Discoverer 534,
which drilled in 5,640 feet of water,
reached a total depth of 26,046 feet
from the Gulf’s surface.
vhere his p
and won A1
Ruckers
Ras returnee
I Tm ex-
■ieland,” R
cover ups in assaif because off
BEAUMONT (AP) _ Alftmily that
tenant at an East Texasfettel Seven c
prison resigned Wednesday danced tc
ter admitting to approving
reports to cover up assaults
inmates.
Bryan Small, 34, pleads
guilty Tuesday to conspirac,
obstruct justice before U.
Magistrate Judge Wendallfisl
e Aggie:
1995 Alarr
otton Box
Ken Ri
iach and
ave him b
id a great ^
ford, said Duncan Woodf:ff uRe b ext
spokesman for the U.S. re P res
ney's Office in Beaumont l 3111 d e '>ghi
Woodford said Small, all
year veteran with the fedeil
Bureau of Prisons, supervis
guards at the Beaumontpei|
tentiary.
U.S. Attorney Mike Bradfcj
said Wednesday federai lflL
are investigating a series of
mate assaults that tookplacel “Fool mi
the Federal Correctionallnst tw ice, shan
tion at Beaumont over seves For the r
months in 1999. fwird time i
He declined to say h0)vnial Three A
inmates were assaulted orb Opportunist
they were hurt. He said none the Aggies
the injuries were life-threateni Southwest
■&M, 3-1,
oftball Co
Hi
J»Y Amad O
^8
BRIDAL
&MORE
20-70% Savings
on Brand Names
The loss
'inning str
The Bob
ing when j
ugh reach
Yarboroi
fter the Ag
te inning.
It did nc
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FEBRUARY 28
RUDDER AUDITORIUIVI
TAMU student discount tickets $15.00 with valid TAMU student I.D.
Limited number of discounted tickets available.
Offer available at MSC Box Office and Reed Arena Box Office only.
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