Panama City News-Herald from Panama City, Florida on June 20, 1974 · Page 32
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Panama City News-Herald from Panama City, Florida · Page 32

Panama City, Florida
Issue Date:
Thursday, June 20, 1974
Page 32
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Petroleum Spokesman Claims Oil Search Step-up Needed not f A MO lii fUr. n%. T „!...» „ , I.haiulaK antl In fnnt „,„.. ..^11 I.,. «UI». —••• nn ---"•» NEW ORLEANS, La, - The only way the United States can meet Its energy needs between now and 1985 is to speed up the search for offshore oil and natural gas, an American Petroleum Institute spokesman said here. . Dr, Wilson M. Laird, director of the API Division of Exploration Affairs, asserted that the nation has no viable alternative. He testified at a hearing on the proposed sale of additional oil and gas leases on the Outer Continental Shelf off Louisiana. All of the proposed alternative sources of energy will require many years of research and development before they can make significant contributions to the nation's energy needs, Dr. Laird said. Some of the new sources also involve serious environmental problems which must be solved. "Even to the year 2000," he added, "conventional power sources muk provide the major portion of our energy requirements." Dr. Laird, a geologist, pointed out that oilmen are continuing to search for oil and gas onshore, but he noted that production from existing onshore fields has peaked and is now on a declining curve. "In 1973, crude oil production In the U.S. from onshore wells dropped by more than 73 million barrels from the 1972 level," he said. Although Improved domestic crude oil prices may lead to increased onshore production, this will not be nearly enough to meet the nation's needs, Dr. Laird declared. He said the seabed beneath the U.S. Outer Continental Shelf offers the best hope of fining large, new deposits of oil and gas. He added: "The desire for clean energy which will result In a cleaner environment, especially in our larger cities, necessitates the development of alt our offshore areas, and particularly the Gulf Coast. If this sale is not held, the cleaning up of the urban environment will be that much harder and, in fHct, may well be Impossible." The, recent Arab oil embargo emphasized the urgency for rapidly developing America's Outer Continental Shelf oil and gas potential, Dr. Laird continued. He noted that imports of crude oil from the Arab countries dropped from over 32 million barrels In November 1973 to only 552,000 barrels In February 1974. Meanwhile, prices of some foreign oil increased more than 400 per cent above 1972 levels. He said there Is "no assurance that Imported petroleum will be available in sufficient quantities and at prices which would • not pose a danger to our international economic position." The API spokesman strongly emphasized the need to conserve energy. "Americans will have to discipline themselves to be close-fisted about energy use," he said. "We cannot afford to resume the energy-wasteful habits of a few short months ago." Even if Americans were able to save 20 per cent in their energy consumption, total demand In .this country would be 60 per cent greater in 1990 than it was in 1973, he added. Even after an offshore-oil or gas field has been found, Dr. Laird said, an additional three to ten years are required before it can reach full development and production. Therefore, every day's delay in making leases available means a day's delay in finding and producing the energy the nation musl have. WORLD ALMANAC FACTS AWARD PRESENTED—Dr. Tom Yancey, representing the James McKnight Post of the American Legion is shown presenting Bryon Hammond and Debbie Johnson the annual American Legion award for Everitt Junior High School. The award is presented to the boy and girl who best represents this school and its ideals. Flag Day commemorates the Second Continental Congress' adoption of a resolution on June 14,1777 making the Stars and Stripes the American flag, The World Almanac says. The first nationally observed Flag Day was held on the 100th anniversary of the adoption when the government requested that flags be flown from public buildings. The day is a legal holiday only in Pennsylvania. Copyright © 1874 iNKWSI'AI'KII KNTKKI'KISK ASSN.i SHORTS Leprosy is classified as the least contagious of communicable diseases. The largest gold mine in the Western Hemisphere is the Homestead Mine in South Dakota. The first three Purple Hearts awarded by George Washington for service during the American Revolution were presented to Connecticut men. ^"silver- plated serving tray by INTERNATIONAL SILVER COMPANY KitchenAid with the purchase of any dishwasher America's Finest Dishwashers KitchenAid was named most often in a nationwide survey of independent appliance servicemen as the dishwasher that performs better, needs least service, lasts longest, is most reliable and the one they'd buy for themselves. END KITCHEN CLUTTER WITH A KitchenAid trash compactor • Exclusive, handy Litter Bin™. • Exclusive, Tilt-Away Trash Basket (use with or without trash bags). • Exclusive, activated charcoal odor control system. I +chenAid, dishwasher or tr^sh compactor. REGISTER NOW • NO OBLIGATION. 1. To register, visit a participating KitchenAid dealer or mail In your name, complete address and phone number on a 3* x 5" card labeled "Entry Form— KitchenAid Silver Anniversary Sweepstakes". 2. A total ot 5 KitchenAid products will be awarded in this distributing area. Winners will be selected at random by the KitchenAid distributor. 3. Winner need not be present lor the drawing. All prizes will be awarded. 4. All entries must be received by 5 PM on Saturday, August 31,1974. Drawing will be held on or before September 16.1974. 5. Members ol participating dealers, their advertising agencies, and any ol their employees and families are not eligible. 6. Delivery, installation, lederal, state and local taxes are not included. 7. This promotion is void where prohibited by law. SEE THESE RELIABLE KITCHENAID TIMESAVERS, TOO. i1& KitchenAid FOOD WASTE DISPOSER Grinds everything from bones to stringy vegetables. • Vz HP. Motor • Automatic Reversing KitchenAid BUILT-IN TEAKETTLE Gives you steaming hot water at the turn of a Knob for instant drinks and convenience foods. GULF POWER APPLIANCE SALES & SERVICE NEWS-HERALD, Panama City, Fla„ Thursday, June 20,1974 Pago 51) fetbtfattttttumk SMART, WELL-MADE, ROOMY! 3 Piece Colonial Bedroom in warm rich tone "old world salem" finish The rich, good taste of this Colonial styled suite adds a note of quiet refinement, warm and dignity to yoi r bedroom. For here's a world of storage space in the large double dresser and chest. Construction is of excellent quality with center guided, dust- proofed drawers. Plastic tops are mar, scratch and stain resistant ... rich old world salem finish with massive shaped blocks on drawer fronts accented with ornate antique finish hardware. Truly magnificent furniture that will give you pride in owning ... and budget priced too. Many other pieces to choose from... all budget priced. • DOUBLE DRESSER WITH FRAMED VERTICAL MIRROR • ROOMY 4-DRAWER CHEST • FULL SIZE POSTER BED SALE AAA PRICE cm AVAILABLE OPEN STOCK PIECES This is what our Buyer asked for The most popular Beautyrest cover ever on an extra-firm Simmons mattress selling for much less Millions of Beautyrest mattresses sold with this identical cover at $99.95 and up SfcVIMONS BWTASIA wtthPotycei Save $20 FULL SIZE SET Quilted top Mattress or Box Spring SALE $' PRICE 79 Wake up thoroughly rested every morning. Quality built for complete, balanced body support and comfort with hundreds of steel coils beneath a layer of foam. * Save $30 QUEEN SIZE SET Deluxe Quiff Mattress and Box Spring Here's deep cushioned sleeping comfort and choice of firmness! Constructed for years of service with heavy-duty steel coils and crush-proof, pre-built borders. Save $40 KING-SIZE SET for Superb Sleeping Comfort FREE DELIVERY WITHIN RADIUS OF 100 MILES OPen Friday Nights 8:00 p.m. 30-60-90 DAYS NO FINANCE CHARGE OmpkuHom Fwimhings FREE PARKING DOWNTOWN PARK 'N SHOP "USE FRONT OR REAR ENTRANCE »

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