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Cdr C on tact: R.ic:lc
ricIcOhousi ng.ta mu .ed ci
live at
Reed Arena
7 pm
Thursday, April 1
ON SALE NOW!
Tickets available at
Reed Arena Box Office,
MSC Box Office,
all Ticketmaster locations,
including Foleys, 979.268.0414,
or ticketmaster.com
Show contains adult language.
presented by assisted by
4A
Thursday, April 1, 2004
won
the BATTALI
OPEC agrees to cut output targe!
analysts see higher oil prices aheai
By Susanna Loof
THE ASSOCIATED PRESS
VIENNA, Austria — With
fuel costs already at uncomfort
able levels for consumers,
OPEC took a step that could
push prices even higher by
announcing Wednesday that it
would cut its crude oil produc
tion target by 4 percent.
The Organization of
Petroleum Exporting Countries
hopes the cut, which takes effect
Thursday, will prevent a slide in
prices this spring, when the glob
al demand for oil usually slips to a
seasonal low.
Some analysts said the cut
could soon push crude prices
above the psychologically
important threshold of $40 per
barrel, though futures markets
fell on Wednesday. The decision
could also worsen the pain for
U.S. motorists, who have been
paying the highest prices in
recent years for gasoline.
OPEC, which pumps about a
third of the world’s oil, agreed in
talks at its headquarters in
Vienna to reduce its output tar
get by 1 million barrels per day.
Although it had announced
plans for the cut when its mem
bers met last month in Algiers,
Algeria, a subsequent surge in
prices led a few of the group’s
11 members to suggest postpon
ing the decrease.
OPEC had to balance con
cerns that high prices could
choke off economic growth with
its own fears that swelling
inventories and a seasonal lull in
springtime demand could
reduce cause prices to plunge.
Kuwait and the United Arab
Emirates proposed postponing
the cut, but Saudi Arabian Oil
Minister Ali Naimi and the
majority of ministers prevailed
in their effort to press ahead and
reduce the ceiling to 23.5 mil
lion barrels per day.
These ministers blamed
speculators for much of the
froth in prices and argued that
the weak U.S. dollar was adding
to the problem. Oil is bought
and sold in dollars, and the
recent decline in the dollar’s
value has caused the price for
oil to increase.
“Notwithstanding the prevail
ing high prices, crude markets
remain more than well supplied,’’
OPEC President Purnomo
Yusgiantoro told reporters.
Futures markets, which rose
sharply Tuesday on signals that
OPEC would lower its output
ceiling, responded to the official
announcement with a sell-off as
traders liquidated their long con
tracts and took profits. Carl
Quota-busting
oil production
Although OPEC agreed to lower
its oil production target by 4
percent, most countries recently
outpaced their quotas.
OPEC oil production
for February, in Da'ily
millions of barrels quota
per day
Saudi Arabia :
Iran I •'
3.92
Venezuela * : !j
2.54
Nigeria ;
2.34
United Arab :
Emirates 5
2.22
Kuwait :
2.21
Iraq
1.90
Libya j
1.46
Algeria ■
1.15
Indonesia
0.99
Qatar j
0.75
' Iraq does not partcipflto m OPEC
quota agreements
SOURCE Platts AP
Larry, an analyst at ABN Amro
in New York, said this reaction
proved that OPEC was at least
partly correct in attributing
some of the high crude prices to
“speculative money.”
U.S. crude futures for May
delivery fell 49 cents to $35.76
per barrel in New York, while
May contracts of North Sea
Th
idile>
ninn
istea
Or
Brent settled 77 cents lot
$31.51 in London.
However, some an;
argued that prices would
begin to rise again, especiai:
OPEC showed that itwasd^
mined to curtail its actualoi
and not just reduce its pi
tion target. U.S. crude
spike to $40 a barrel “w
week or two,” Larry said.
U.S. gasoline prices
stay high and might rise
higher, said Kevin Noirisli,
of commodities reseatcl
Barclays Capital in
main problem wasn’t erpe;
crude so much as limited refuB’erfoi
capacity. "They’re not akl
process the crude oil
quickly enough,” he said.
Gasoline prices climbedt
nominal record averageofll
a gallon nationwide, acconS
to the latest Lundberg sura
8,(XK) stations across thelm
States. But that was stillk
the in Hat ion-adjusted recor
in March 1981, Lundbers
The March 1981
average for all grades wasl
$1.38, the equivalent of $2
today’s dollars.
Costlier crude would hj
“much more muted" effeti
gasoline prices in Europe.ulM 1 }' 01
taxes account forthebulkotj inces
pump price in some co«
Norrish said.
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The
“0
Kerry’s doctor says
surgery was free of
complications
By Nedra Pickier
THE ASSOCIATED PRESS
BOSTON — Democrat
John Kerry had complication-
free outpatient surgery
Wednesday to repair a tear in
his right shoulder and bicep
tendons and will
be back shaking
voters’ hands
soon, although not
too forcefully.
The four-term
Massachusetts sena
tor planned to be off
the presidential cam
paign trail for the
remainder of the
week. Dr. Bertram
Zarins, chief of
sports medicine at
Massachusetts
General Hospital,
said Kerry would be
in pain for a few
days and probably would need an
ice pack and narcotic painkillers.
Zarins said Kerry was smil
ing and talking shortly after
coming out of the 45-minute
procedure. “He joked a little bit
and said, T hope I didn’t reveal
any state secrets,”’ Zarins told
reporters in a conference call.
Kerry tore his subscapularis
tendon, one of the tendons that
makes up the rotator cuff, in
January while campaigning in
Iowa. He wrenched his right
shoulder while bracing himself
during an abrupt
stop on his cam
paign bus.
Zarins told
reporters
Monday that
Kerry would
have to forgo
temporarily the
most time-hon
ored tradition in
politics — shak
ing hands. Kerry
said he didn't get
those orders.
“That’s not
what he told
me,” Kerry told
reporters on his campaign plane
the day before surgery. “1 was
like, ’Whoa!’ when I read that.”
After surgery, Zarins said he
wasn’t going to restrict Kerry’s
activity, but pain would limit his
right arm motion.
He joked a
little bit and said,
1 hope I didn't
reveal any state
secrets.
— Dr. Bertram Zarins
Chief of sports medicine at
Mass. General Hospital
DAVE
MATTHEWS
BAAIDI
FRIDAY, AUGUST 20 &
SATURDAY, AUGUST 21
WITH SPECIAL GUEST
Graham Colton
firTsarit
pflviuon
A NON PROFIT ORGANIZATION
Get Tickets At Tickets also available at all ticketmaster outlets or charge by phone at 979-268-0414. For
groups 20+ call 1-866-544-LAWN. All dates, acts and ticket prices subject to change without
nollcc A service charge is added to each ticket All shows are rain or shine. Presented hy The
Cynthia Woods Mitchell Pavilion
NEWS IN BRIEF
Missing University of Wisconsin student
found safe four days after disappears
MADISON, Wis. (AP) — A missing University of Wisconsin studeii*
found alive and healthy Wednesday in a marsh near campus, fouia ;moot
after she vanished from her nearby apartment with nocoatorpure
Police gave few details on what happened to Audrey Seiler and wonts
say whether she had been abducted. But police were looking for a
believed had a gun and a knife in the area where she was found.
Seiler, 20, was taken to a hospital and was in good physicalcoofci
Philip Schultz said Seiler was cold and dehydrated and had musdeacte
The discovery capped an intense search in which dozens ofvoluotet
from Seiler's hometown slogged through marshes and woods ara
campus and investigators scoured phone records and apartments'
any clue into the disappearance. Police also used dogs, planesandte
in the search.
Officer Larry Kamholz said Seiler was found after an employee at a
by office building called police to report what she thought was at
marsh less than two miles from Seiler's off-campus apartment.
A!
Irons
“It
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ise to
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Ca
vol
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likes f
Sir
World court orders United States to
51 death penalty cases of Mexicans
THE HAGUE, Netherlands (AP) — The world court ruled’
that the United States violated the rights of 51 Mexicans on d
receive diplomatic help, and ordered Washington to review theircas«
The ruling by the International Court of Justice could meanarept
or another chance of appeal for the inmates, including one si
die May 18 in Oklahoma. It also could have implications for otherfi
citizens in U.S. prisons who were not told they could receive I
their governments.
The order raised questions from the eight states holding the inti
no assurances that the states will try to address the court's concerns.
Some states were seeking advice Wednesday from the U.S.
Department, but several officials said they doubted the ruling
affect their execution plans. Officials in Oklahoma and Texas,
three of the Mexican inmates are on death row, said no immediateai
was being taken in those cases.
Have you received a MIP or Public Intoxication:
REBEKAH L. PLACKE*
Attorney at Law
Aggie Class of ‘99
Law Office of Lane D. Thibodeaux
(979) 775-5700
308 N Washington, Bryan
'Not Board Certified by the Texas Board of Legal Specialization I
ITED
Realty & Investment Company
-REE LOCATOR
SERVICE
260-1200
EASING NOW for May & August 200*
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