European Stars And Stripes (Newspaper) - February 9, 1981, Darmstadt, Hesse                                Page 8 the stars and stripes february drop in demand May bring about glut in Oil supplies London not a new glut in world Oil supplies May be officials of Western governments and International Oil companies and by summer More Oil May be available to Consumers than they the growing supplies Are put Ling pressure on some open producers to Cut Back the surcharges they have added to their official Oil the thing that happened last year was that demand for Oil was dropping much fas Ter than anybody a senior offi Cial of a West european government said in an it flabbergasted virtually every Western government and All the major Oil the drop in demand has almost nullified the Impact of the 5monthold War Between Iraq and which has deprived the world of As much As million barrels a in new Oil analysts said Friday that the recent Price run ups for heating Oil and gasoline of nearly 10 cents a gallon in the United states despite the improved world Supply situation was principally the result of president reagans recent decontrol of Domestic Oil prices and specs last Price and a barrel Lawrence of the Petroleum Industry research calculated that crude Oil costs in the United states will have risen by Between and a or As much As 20 cents a Between late decent Fer and Early according to Ulf executive director of the International Energy Agency in the level of Oil consumption in the 21 industrialized member nations of the group dropped in 1980 by percent from the previous to a new Low of million barrels a the trend shows every sign of continue he an additional drop of 1 per cent to 2 percent is expected this because of the gloomy economic prospects for the consuming countries with Industrial production Industry Energy requirements the turnabout from alarm among con suming nations just three months ago Over the Prospect of serious Oil shortages to a new and confident mood also results from the gradual resumption of Oil exports from Iran and they now exporting million barrels a a barrel As a result of the ample the Price of Oil on the spot where Oil tree of contractual obligations is sold to the highest has sunk to about a about the same As that sold under contract by the organization of Petroleum exporting the spot Market usually signals to Ope producers which Way prices Are in demand is spot prices Rise above official Levels then open generally raises official prices at its periodic Price fixing the next such meeting is scheduled for May 25 in but with the present slowdown in de Mand for several Oil companies whose contracts with open producers Are up for renegotiation Are now Balking at paying additional premiums Over the official according to Oil in a response that some viewed As a signal of Kuwait Oil Ali Khalifa Al said last monday that his which charges a Premium of a barrel on top of its official Price of a had no ideological commitment to the present Premium sources at both the Iea and open say that world Oil supplies and demand now appear to be balanced at million barrels a four months demand exceeded Supply by two to three million barrels a Industry executives and economists at tribute the Large drop in demand primarily to the widespread recession affecting much of Western Europe and to slow eco nomic activities in the United but economists also credit what one called a new consumer psychology in the use of Energy and Oil in with prices he people Are being careful and driving smaller cars for fewer Miles and keeping the use of lights and heat to a the Calm mood on the spot Market has also been helped by cooperation Between the major Oil which Are All and Western which Are members of the officials immediately after War broke out in the persian Gulf last the Iea governments asked the Large Oil companies to stay out of the spot Market and instead to draw on their the Large stocks of Oil for any supplies needed to make up the Short Ages from Iran and this was done to Avert panic on the spot where prices were beginning to reflect the crisis As a there has been Little action on the spot Market in the past five at the end of Oil companies had reduced stocks to billion from billion an Iea official and Are expected to draw a further 220 million barrels by the end of the first Quarter in this represents a Margerth abnormal draw on stocks for the Winter but it would still leave stocks about three billion barrels by april several Large including the Gulf Oil Conoho and the cities service raised wholesale prices of Gas Oline and Home heating Oil thursday by Between 2 cents and cents a the move followed a pattern of generally increasing refiner prices since Reagan lifted Domestic Oil Price the higher prices can be expected to be passed on in roughly the same magnitude at the retail analysts reunited in marriage reunited Boa people sweethearts Mautu Anh left and is Dau Lin Are Pic tured after their wedding in the North vietnamese separated for several months after escaping the never expected to meet by Mau was sent from Hong Kong to a reception Center in England not far from where is Dau had already Well wishers from All Over England provided wedding rings and and even the a ambassador sees danish shift to left Copenhagen a Warren packing up after More than two and a half years As ambassador to was quoted sunday As saying he noticed a shift to the left in danish policies and sensed ideological dislike of the United a 56yearold was interviewed by the conservative Morge Navi sen Jylland Posten As he was preparing to Home As a result of the takeover of presi ent reagans Republican the outgoing ambassador told William chief foreign editor of the Jyl that he frequently has Felt that the american image in Denmark is it seems to me that Many danish news papers demonstrate an ideological dislike of my Manshel was quoted As say adding that this impression also applied to radio and the ambassador attributed much of this to a traditionally introverted nation and to ignorance of such things As social welfare in the United saying that ignorance might be understandable and he added but when these same because of their denounce us for living in a inhumane it does give me cause for asked whether he Felt that the soviet Union enjoys a More favourable image in the ambassador said but i often feel that where the soviet Union is accepted with All its we Are being criticized for similar faults for ideological Manshel was quoted As saying that while most danish politicians do not strike this some angry commuters rampage in Brazil Sao Brazil a thou Sands of enraged by mass Tran sit went on a setting fire to a commuter train and stoning train stations and authorities it took using tear Gas and Billy nearly three hours to quell the witnesses hospitals reported treating dozens of people for minor it was not known if any arrests were and i venture to say that during the period i spent i sensed a swing to the left in danish he the outgoing ambassador told the inter viewer that former president Jimmy car ters efforts to promote detente failed to make the soviet Union respond in the same the soviet invasion of Afghanistan was a new chapter in soviet he what we Learned from that and other things is that the Reardan punishment system is an illusion in relations with the soviet Union because we do not have the Power to punish or adequate resources to influence the soviet Union through re Manshel he was quoted As saying that he under stood that europeans might need time to become accustomed to reagans new Lan Guage and style towards the soviet like Reagan is no european in his Manshel May suggest that the Danes postpone their verdict on Reagan until they know him better and meanwhile make their judgment on Secretary of state Alexander the ambassador urging that the first judgment of foreign policies be made on the basis of Haigs