Lubbock Avalanche-Journal from Lubbock, Texas on April 6, 1975 · Page 40
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Lubbock Avalanche-Journal from Lubbock, Texas · Page 40

Lubbock, Texas
Issue Date:
Sunday, April 6, 1975
Page 40
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Page 40 article text (OCR)

6-G-lUBBOCK AVAIANCH6.JOURNAL—Sundoy Morning, April 4, 1975 The Voice of Business Ky ARCH BOOTH I'ri'siilrni of |ht< rs -' :hamli ' r " n ™"- <Ai preiidcnl cl ihf Oumtxr ol Commcrc* ol Ifce I'nUfd SHIM, Arck Buotk itrvti tl • tpokfimjn lor Am«tfc*« butlicii. The Nation*) Ctumbtr Ittentloa riprMMli m underlying menibtnWp or more tan S.tM,- 000 buitueit llrmi, wgululloii «nd la. dlvldunli. WASHINGTON - While Congress and the administration debate the best way to reduce our fuel consumption, reports are coming in that there is plenty of petroleum around. The apparent conflict is confusing a lot of people. To unravel the mystery, you have to break down "the" energy problem into its four component parts: Four-Part Problem 1. Geological. There is plenty of fossil fuel for our present needs. It is not all in the U.S. It is not all immediately available. It is not all recoverable inexpensively. And it is not all in the most convenient form. But it's there. 2. Environmental. The more we limit exploitation of our energy sources on environmental grounds, the more expensive the remaining sources will become. It would be nice if that weren't so, but it is. Unquestionably, we need to take some steps to keep from poisoning ourselves. But we also must consider whether we can afford the cost of perfection when perfection may not be necessary. 3. Economic. The Western world in general — and the U,S. in particular — cannot afford to continue paying the artificially high price, for petroleum set by the foreign oil producers' cartel. Right now, the U.S. is like an individual who is spending money faster than he earns it and borrowing to cover the difference. That process can't continue indefinitely, either for an individual or a nation. Once our international credit is exhausted, we will face a continuing decline in the international value of the dollar. Such a decline would cause shortages and higher prices within the U.S. 4. Political. The United States cannot allow itself to remain hostage to a small group of states in one of the world's prime trouble spots. Complete self-sufficiency is not necessary to regain our energy independence, but at the least, we must be able to avoid dangerous dependency on any single country or bloc of countries. To reach that state, we must develop fully our own plentiful reserves of fossil fuel, as well as a capacity to use alternative energy sources. Because none of these alternative energy sources now can be produced as cheaply as the true economic cost of Arabian oil (about 40 cents a barrel), they will not be developed unless there is some form of insurance against predatory price cutting and dumping by the OPEC nations. So it is for reasons three and four that we need to cut our energy consumption, not because of any shortage of fuel. How To Cut That gets us to the question of how to cut. I certainly favor using the market to allocate supplies, rather than some clumsy form of government direction. But I don't think there is a need — at this time — for the stiff tariff-plus- excise-tax plan advocated by the administration. Simply decontrolling domestic oil and natural gas prices would result in some price increases and a decrease in demand. It also would stimulate domestic exploration and production, which is something that can't be said for a tax increase. . Yes, decontrol would increase the income of the energy industry. But the industry will need between 5450 billion and $700 billion in new investment capital by 1985 if we're going to continue to have an adequate energy supply. Therefore, it's highly probable that higher industry profits resulting from decontrol would be plowed back into new production. If the industry did not appear to be using its greater income responsibly, then that would be the time to examine other alternatives — less efficient alternatives — to limiting demand and expanding production. SANDWICH PLATE] Your Choice of SoncKvich, Beons, Potato Salod, Apple Cobbler nnd Drink 2318-50fh ;(,•,(."- OLE SMDKIY Only I .95 \,,,, r /?,«,•„„„.' 795-7470 THE FINEST IN MEXICAN CUISINE — PRIME STEAKS AND SEAFOOD 1 Ml. NORTH Of COUNTRY CLUB — ESCONDIDO CANYON SUNDAY HOURS 11:30 AM-9:00 PM CONTINUOUS SERVICE Special Children's Menu BULLETIN THE PRICE OF SHRIMP IS DOWN! Our Famous Shrimp Harvest is Now ALL YOU CAN EAT! WEDNESDAY & THURSDAY Boiled Fresh Gulf Shrimp Cocktail sauce and Crackers U-PEEL 'EM $3.45 Per Person Coors Beer - 60 oz. Pitcher S 2.50 SORRy NO CARRY OUTS ON THIS SPKIAl Reservation Desk: Hourt: -^ Wed.-Sat. 5PM -, , o r i Oft Wed.-Sat. 5:30 PM •* _ Sundoy ] 1 AM 7 63-5189 Sun. 11:30 AM-9PM Local Building Permits Top $1 Million Mark BILLY CLARK Candy Firm Manager Appointed Billy F. Clark, fleet manager of Del-Tex Corp. for a number of years, has been promoted to manager of the Lubbock branch. In making the announcement, W. A. McCarty Jr., president of Del-Tex. said. "Bill Clark has proven his administrative ability and has a good working knowledge of both the candy business and the catalog showroom business. We are confident that under his leadership Del- Tex Lubbock will continue its strong growth pattern of recent years." Del-Tex, which is headquartered in San Angelo, is the largest candy wholesaler in Texas, and operates catalog showrooms in San Angelo, Odessa and Lubbock, McCarty said. Clark, a native of Midland, joined the firm in 1966. He is a graduate of Big Spring High School. He and his wife*. Sue, and family, will reside in Lubbock. TEA DRINKERS MOSCOW (UPI) — Moscow's seven million citizens drink 5,000 tons of tea a year, according to government statistics. Lubbock builders received permits for $1.331,114 in planned construction activity last week in Lubbock. according to city records. Non-residential projects totaled $550,264, while residential building plans reached a level of $780,850. King Builders, Inc. has scheduled the construction of a new building for Central Baptist Church at 8204 Salem Ave. Expected to cost $130.785. the facility will contain 8,512 feet of floor space. Real estate office space for" Roy Middleton and Randy Bowliri has been planned at 3409 73rd St. by Bill Averitt & Co. The building, some 8.885 square feet in size, is expected to cost $155,000. Methodist Hospital has scheduled a remodeling project for an estimated $172,979. Crawford-Austin Co. received a permit for two warehouse spaces in a building to be constructed at 311-313 E. 40th St. Estimated to cost $45,000. the facility will contain 7,200 square feet of floor space. • Residential construction plans last week consisted of single-family dwellings, with the exception of a two-family unit at 3301 79th St. in the Melonie Gardens area. That facility, contracted by Cecil E. Jennings, is expected to ^ost $56,000. Three homes have been scheduled in the Times Square addition by J. W. Minnix. Expected to cost $31,950 each, the homes will be located at 2611 78th St., 2613 78th St. and 2707 78th St. Sonny Arnold plans additions to the West Wind area at 5732 3rd St. and 5736 3rd St., at expected costs of .$32,750 and $31.950, respectively. • Harold Long has scheduled a $46,000 home at 3203 77th St. in Melonie Gardens, and a $34,On April 7, 1886, Rhode Island ratified a constitutional amendment prohibiting the manufacture and sale of liquor. No Cover Charge Every Thursday Night at th WE HAVE THE FLAVORS YOU LIKE 35 KINDS FOR SELECTION Including Double Crust Apple Pie Egg Custard Pie German Chocolate Pie Cherry Cream Pie Sour Cream Blueberry Pie Blueberry Banana Pie HE KITCHEN 50th & BOSTON 36 Kinds of Pie! DIAL 792-5154 FOR SPECIAL ORDERS „, 2 GREAT HITS! Open 1:OOPM DAIL^| t ALL NEW AND 4 TIMES AS FUNNY! . . . Tke Second Greatest It's Four for Fun and Fun for All! ^ -HWtiffl, IN A GEORGE ROYHIU. FILM (It pkk< up whcrt th« Thr* Mutk«lt«n Uft offl) SUSAN SAMNOON >» MAKOT XIpKB kiwt TICKET INFORMATION 7:30 Tkk*n On Sol* at 6:00 9:31 Ticlittt on SaU at 0:00 1 1:10-3:15-5:20-7:30 Lad Compel* at 9:35 1:25-3:30-5:40-7:45.9:50 $50 K SCSI; 500 project at 4434 78th St. in the Quaker Heights addition. Also planned in the Melonie Gardens area are two homes by contractor N. L. Walden. They are located at 3210 79th St.. at an estimated cost of $5tf,000, and 3212 79th St., for $55,000. Aker-Headrick, Inc. has scheduled a single-family $95.000 home at 4615 8th St., and Raymond Taylor plans a home at 2815 75th St. in Times Square addition for an estimated $59.600. Cherry Dale Homes. Inc. plans homes at 5724 3rd St. in West Wind, and 4414 80th St. in Quaker Heights, at estimated costs of $32,000 and $41.000, respectively. Other homes scheduled last week, with estimated costs and contractors, include: 3301 79th St.. $56,000, Cecil E.Jen- nings; 4404 80th St., $36.500. Murray Construction Co.; 4514 77th St., ;$38,000, J. D. Sanders; 5507 76th St., $39,000, Dick Mosley; and 5724 2nd PI., $33,000, Stanley Reed. Bank Opening Set First State Bank of Shallowater has scheduled the grand opening of its new banking center today at No. 1 Commerce Park in Shallowater from l.p.m. to 5 p.m., according to an announcement by Mabry Brock, president. • Featured at the opening will be a contest in which an antique chest filled with money will be given to the person making the closest guess to the amount in the chest. Entries are open to everyone and must be made in person at First State Bank before 5 p.m. today. Refreshments will be served. The new Spanish-style banking center has been built so that First State Bank may better serve the banking needs of Shallowater, Lubbock and Lubbock County, Brock said. The new building is much larger than its predecessor, and is more easily accessible from the county at iarge. Brock said. The lobby is decorated with original art, and facilities now offer increased convenience and privacy to First State customers, he added.. OPEN 1:00 MAT. DAILY LATE SHOWS ON EACH FEATURE FRI-SAT ROCKING CHAIR COMFORT NITEtY AT 7:20-9:20 SPECIAL X-RATED LATE SHOWS FRIDAY AND SATURDAY AT 11:30 MATINEES SAT — SUN 1:15-3:15 5:15-7:20 9:20 PG 7:20 ON SALE AT 6:00 9:20 ON SALE .ATJj30 II Picks Up Whtn *. Thrtt Muthktn l*r> Off THE WAIT IS OVER ! THE CTOU 7:30 Tickets on 3al« ot fcOO 9:35 Tickers *n Sal* it 7:45 5:20 - 7:30 - 9:35 It Wat o Time or Dare-Devils — Dames — and Waldo. m o George Roy Hill film 1:25 - 3:30 S':40 - 7:45 »:50 7:45 On Salt ol «: on Sal* at 1:00 NOMINATED FOR 8 CADEMY WARDS 1HCUJDING SEATING MIDWEEK 3 SHOWINGS DAILY 1:30-6:15-9:15 1:30 TICKETS OH SAU 1:00 PM 4:15 TICKETS ON SAU 440 PM MS TICKETS OH SAU WOP* • BEST PICTURE • BEST SUPPORTING ACTOR FRED ASTAIRE • BEST SONG OPEN TWIN 1 7:00 795-5248 , Held Over 4 Weeks 'insanely funny, oulrageou and irreverent." TWIN 2 6400 So. Univ PLAYBOY MAGAZINE Second feature SUPERCOOL SUPER QUICK SUPER DEADLY CHER! "ftlDI O CAFFARO WnLo 2nd Feat- ARE FOR NOW RATED - R - Inly cops with fast fists mil ffam Ad~ ~~~ V° u ' 8S ' sick wflen he butcher jna Tiery 45 s answer . . .1^ first victim... Don't u v » w atc -HUD H Second Feat. *Cmcmci* WEST MATINEES-OPEN 1:15 1:30-3:30-5:30 7:30-9:30 ADM. $2.00 & SI.M YOU'VE SEEN THE DUKE IN ACTION NOW WATCH HIM LOSE HIS TEMPER JOHN WAYNE "BRANN1GAN" «,!»», RICHARD ATTENBOflOUGK iJUOYGEESON-MELfERHER• JOHN VERNON'RALPH MEEKER• DANIELPILON J * BENSON 1.1 i L-n.. MATINfES - OPEN 1:15 1:30-3:30-5:30 7:30-9:30 762-4537 ADM. $1.7$ & 75' something strange is happening in the town of Stepford. Where the men spend their night* doing something secret And every woman acts like even, man's 01 the 'perfect" wife. Where a young woman watches the dream become a nightmare And sees the nightmare engulf her best trit-nd And reali/es that any moment, anv second — her turn-is coming THE STEPFORD WIVES A wry modern suspense slory from the author of Rosemary* Bjby. PG :r.'".r". i .-r'". 795-2808 MATINEES OPEN 1:15 1:30-3:30-5:30 7:30-9:30 ADM. '2.00 S $1.00 6 ACADEMY AWARD NOMINATIONS BEST PICTURE - BEST ACTOR & ACTRESS A Marvin Worlh Production <= ,,.„.,Valerie Perrine 795-6560 MATINEES OPEN 1:30 1:42 - 3:38 - 5:34 7:30 - 9:26 ADM. $1.75 & 75' . . THE TRUTH ABOUT DRUG ADDICTION. . . RACIAL HATRED PAT BOONE as David Wlkersm wiili ERIK-ESTRADA • JACKIE GIRObX OIHODeFIUPPI-JO-ANN ROBINSON r\ .. .._*» FIIA'EO W EASTMAN COtOR PRINTS BY TECHNICOLOR MATINEES - OPEN 1:30 1:40-3:15-4:50 fc254:00-9:35 394 ADM. $1.75 & 75' WHITE MAN'S TOWN... BLACK MAN'S LAW! 65- PART DEVIL... PART LEGEND ALL MAN! ^fcl > •KIBtH HOMO Kimt . COLOR BY oc LUXE .«

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