European Stars and Stripes (Newspaper) - December 08, 1985, Darmstadt, Hesse Page 28 the stars and stripes sunday december 8, 1985 open fears Oil Price plunge in 1986 a i a orc said saturday that Oil prices May Plu pc next Cir with grave consequences for the world unless Independent Oil producers join hands with him clo lighten up supplies. The Pica showed that inc organization of Petroleum exporting countries unable to agree on a strategy for propping up prices is desperate for outside help to regain some control of the Oil Market. Western analysis agree that prices arc Likely to come Down in 19h6. But they contend this will hip rather than hurl he world Economy by spurring growth and reducing inflation. Oil ministers from the 13 member countries opened their regular year end conference with Many predicting that no significant agreements would be reached. Several said they expected to Convene an emergency session in february or March when an expected decl in in prices would Force them to act. A seasonal Rise in Oil demand has Kepi prices fairly steady this fall despite growing disarray within open. Ahmed Zaki Zamani the Oil minister of saudi Arabia reiterated his prediction thai Oil prices could fall below $20 a barrel next year if open and non Ophic producers did not cooperate to limit supplies. World Oil prices currently average about s28 a barrel. If there is no cooperation with the non open producers prices will come Down drastically Yamani told re porters at the outset of saturday s meeting. This is what they Call a Price War he added. We Don t want a the saudi minister whose views usually dictate the direction of open policy said Oil prices and supplies inc Likely to hold steady Over the Winter. But then prices could Tumble he said. One Day it will be below $20 a barrel one Day it will be up to 23 or 24," Yamani said. It is very frightening for the it no longer is possible for Opic whose share of the world Oil Market has shrunk from Abonit two thirds in 1980 to about one third today to single hand edly prevent a major decline in prices he said. The non open producers must cooperate in limiting supplies to Consumers to dry up the Oil glut he said. Asked Why Britain the soviet Union my other Independent producers would be willing to restrain their sales Yamani replied Only. They will Yamanis prediction.1 were echoed by other ministers including Indonesia s Subroto. Whose opening address id the conference was his last As the group s chairman. He was replaced saturday by Arluro Hernandez Grisanti the acne Octan Oil minister. The next months will be very difficult indeed Suh o to said. With a Slack world Economy and production Maxim ovation on the part of producers outside open we would face a situation that could generate such intense downward pressure that the Price Structure might not withstand it. It is High time that the other important parties in the Oil Industry shoulder their part of the responsibility hat is fast becoming too heavy for open to carry alone. He also called for Oil consuming nations to accept an open invitation to meet to discuss Price stability. It would be in their Best interest to join hands with Oil producers Subroto said. Reagan Calls for tax Reform action farm Bill 1 can sign Washington a president Reagan bluntly told Congress saturday thai he wants the House to pass the ways and Means committee tax Reform Bill As he stepped up his warnings that he will not sign a farm Bill that he considers bloated. Reagan s request for approval of the Tan Reform legislation goes a step beyond the lukewarm statement issued last week when he avoided embracing either the democratic controlled committee s Bill or a Republican version taking shape in the House. While the proposals before the House arc far from perfect they do represent a essential step toward a tax code that is fairer simpler and encourages greater growth Reagan said. I Hope the House will Vole yes next week and allow the sen ate to consider debate and to improve this important the president said that he wants his push for tax Reform to continue and that he believes the Bill can be improved in the Senate. Reagan made the comments in his weekly radio address delivered from the Oval office. The president then turned to agriculture giving a push to House Senate negotiators who Are working under inc threat of a presidential veto to Hammer out a new farm Bill. He told Congress that it must under stand that More Federal dollars alone arc not the answer. What s needed is policy Reform including a Long term plan to get government out of farming and establish a More Market oriented farm policy. "1 Call upon Congress to Send me a Bill i can House and Senate negotiators arc Labouring against a scheduled adjournment Date of dec. 13 to come up with a new farm Bill. The legis lation is designed to replace policies which expired on sept. 30, covering matters As diverse Bill from Page 1 the budget and bring interest rates Down sharply said sen. Phil Gramm a Texas one of the measure s original sponsors along Wilh Sens. Warren Rudman r-n.h., and Ernest Rollings. . Rep. Leon Waneita d-calif., called the Gramm Rudman plan a crude tool that was born in frustration out of the but he said democratic negotiators had re fined it to meet their concerns that the poor be protected and the Congress not give away Power to the president. The stalemate Over the plan has blocked congressional approval of an urgently needed Bill to increase the government s exhausted credit line. The administration has requested a new National debt limit of More than $2 trillion. Competing versions of the balanced Bud get plan were attached As amendments tothe debt limit Bill. A temporary increase in the debt limit expired at Midnight Friday but Treasury department officials said the government had enough Money to avoid default into next week. Nonetheless sales of . Sav Ings Bonds were being halted effective sat urday until further notice. The Senate also approved $105.8 billion for the departments of labor education and health and human services. The Bill doubles to $234 million the spending for research on aids. The second spending Bill provides $11.9 billion for the departments of state. Com Merce and Justice. It retains funding for the economic development administration the Legal services corp. And the Small business administration three agencies the president originally sought to eliminate. Reagan is expected to sign both spending ills. Senate majority Leader Robert Dole r kan., said adjournment for the holidays was possible by the end of next week. But if not i would Hope it would come in the Early Days of the following week. The log Jam is starting to blasts from Page 1 on a counter. Cly said a store employee saw the sack lying on a counter As though forgotten by a customer but after picking it up and find ing that it was quite heavy notified store Security. Guards cleared people from the area be fore the blast went off. But the explosion injured one client two salespeople and two store fire officials Cly said. The approximately 5 45 . Explosion at galleries Lafayette occurred in the base ment dishware Section officials said. The blast at print cups shortly before 6 ., occurred in the ground floor perfume department. The Call to act at 6 35 ., about 30 minutes after the second device exploded claimed for the explosions in the names of Fly Abul Abbas is alleged by the United states to have masterminded the Achille Lauro hijacking. We Are against the rapprochement be tween France and Iran act quoted the caller As saying. A French parliamentary delegation is to go to Tehran this week to try to improve relations. French iranian ties have Long been strained by French arms sales to Iran s enemy Iraq and a dispute Over a $1 billion investment in a French nuclear fuel Plant by the late Shah Mohammed Racza Pahlavi which the Khomeini regime wants Back. A blast went off Friday near Versailles at an office which administers a nato fuel pipeline. It followed an attack on the pipe line itself in Central Belgium. Later Friday a wast went off in a crowded courthouse in Liege Belgium kill ing one person. The fighting communist cells of Bel Gium were reportedly responsible for the two blasts there. There was no claim of responsibility for the Versailles blast. There is speculation that the fighting communist cells Are linked to direct action an extreme left Wing French group which has declared an Alliance with the German terrorist group the red army fac Tion. French department stores have been thersites of past explosions. On dec. 2, 1978, a bomb exploded in the basement of the Bazar de hotel de Ville on the elegant Rue de Rivoli injuring eight people and twice later that year two packages one in the toy department were defused without incident. Earlier this year feb. 23, one person was killed and 14 injured in a bomb attack at the Entrance to the British store Marks and Spencer in the neighbourhood of galleries Lafayette and Prin lamps. Two earlier at tacks on the British store in 1976 and 1981, caused no injuries. Marks and Spencer was among the stores evacuated follow ing the explosions saturday. Dog from Pago 1the buckles had a dog and mrs. Rea Gan fell in love with the dog. The dog stayed on mrs. Reagan s Lap All Day and at her feet at dinner. She could t Stop talking about the dog to the president when she returned Speaks said. Speakes said Reagan found out that the buckles dog had a brother and made arrangements to take it for a secret walk in Central Park before presenting it to mrs. Rcfu8aen the d�8 i not perform on to walk Speakes revealed. As crop subsidies and food Stamps. The negotiators arc working under the threat of .1 presidential veto unless they Cut the Cost of farming subsidies and other Agri cultural programs As Well As meeting administration policy Calls to achieve a More "Market-oriented1 agriculture. The White House has indicated thai Reagan will not sign the Bill if it does not meet his spending target of s50 billion for commodity programs Over the next three years. The difficult decisions still to in made Center on who should set farm inc be subsidies for the major crops How to to Al with Dairy surpluses and Price support Levels what to do about higher Senate on Fitl for soybeans sunflowers Cotton and Rice and whether to make slight improvements in food stamp benefits. Temperatures december l h ?6 33 Albany 37 57 Albuquerque 3 16 anchorage43 46 a flan a 35 37 Atlantic cite 31 43 Ballimore 76 37 Billings 32 45 Birmingham 16 35 Boie 3 3s Boson 31 37 Buffalo 75 31 Burlington 4t 55 Charleston so 3? 33 Charles on. . 77 33 Chicago 35 78 Cincinnati 32 37 Cleveland 33 65 Dallai fort Worth 26 49 Denver i 71 Dei Mollei n 34 Detroit 77 -17 Fairbanks -3 u Fargo 79 33 Hartford a 87 Honolulu 71 79 46 61 Jacksonville ii 33 Kanizai cily 39 64 Lai a Oai 34 46 Lhito Rock l h 51 7? 75 31 30 43 69 76 -4 11 77 38 45 61 37 36 39 it 35 67 15 77 s4 6a 37 70 41 73 32 36 7ft 31 39 41 31 38 27 u 75 so 17 36m 66 7b 42 54 65 so u 6 85 47 477 m 32 44 25 49 lot Anoel Flouis Volt Memoli Miami Seacat Marti Al. Paul Nai Hevilia new of Lea m new York Nooft fac Oklahoma City Oman Orlando Phoenix Pittsburgh Portland main Portland or prove Donci Rajott Reno is. Louis is. A Leri Burt sail Lake Clov san dlt0o san Francisco sen Juan Sao ilk Sara cum it Niia european weather Fer Eceal or sunday it oud Ihl a and 0utlv we Germany and in Den Alun. Loftt to Motr ale rain a continue throughout lha Day it Toutt trn and Central a Cirioni of Germany and in Oena us Northern Germany and i to Benelux win of met Tot and and Rains Howert atone coat Al. High temperatures from 45-50, lows from 3fr4j. Surat sunday 423, Sun rim monday �13 out oof Lor monday Cloudy skies and Light rain to con nut throughout the Day in All areas of Germany and the Benelux. Temperatures nearly lha lame. Temperature recorded saturday Adana i Amine ram. M Athens m Valano Fig Berlin m Bremerhaven r Brussels r Lam 4cm 4.s 72 50 46 52 6145 46 45 50 i 43 4650 a 4m4pm Copenhagen i 34 34 Frankfurt r London. I Madrid to Munich m Parli r Roma i 45 4143 41 34 a 32 44 provided of Dei 13. 7lh Wealer so. Ramft tract Myrv other worldwide temperature High Low Cairo. I 77 u Montreal. I Dublin Clun Motcow a ski Ink. I 9 Wiki Ebru Valorn. I 68 53 Toronto Al Lisbon. Cd 63 41 Vancouver f 30 ii 37 37 h m u m 2 i flair cd Clouds. Us poised by me associated Pritt. A Molly Cloudy to
