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Publication: European Stars and Stripes Sunday, December 8, 1985

You are currently viewing page 35 of: European Stars and Stripes Sunday, December 8, 1985

   European Stars And Stripes (Newspaper) - December 8, 1985, Darmstadt, Hesse                                Page 28 the stars and stripes sunday. December 8, 1985 fears Oil Price plunge in 1986open  said saturday Ihm Oil prices a Type it Ca a vicar. With grave consequences for the world unless ind7f  Ajro Duccos join hands with op1-.c to tighten up supplies the plea showed that the  of pet role importing 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 analysts agree that prices arc Likely to come Down in Tufi. But they contend this will help rather than Hurt the world Economy by spurring growth and reducing inflation. Oil ministers from the 1.1 member Cou Lri pm pc had their regular year end conference with Aifer inc dieting that no significant agreements wow at teach cd. Several said they expected to Convene Al merge nay session in a a Briary or March a Haj a expected decline in prices would Force them Toj a season Alp Cin Oil demand has kept prices fairly steady the  growing disarray within open. Fled Zaki Yamani. The Oil minister of saudi Arabia reiterated his prediction that Oil prices could fall below $20 a barrel next year if open and non open producers did not cooperate to limit supplies. World Oil prices currently average about $28 a barrel there is no cooperation with the non of he ill come Down drastically Graffr Anthold re porters at  this is what  cd  no added. Wedon t want a a whose views Tel min Tate the r Oon of open policy said Oil prices and Likely to hold steady Over the Winter. But then prices coff 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 forthe  it no longer is possible for open whose share of the world Oil Market has shrunk from about 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 consumcrstqfj0p0mwrglut. He said. A evict Union and other inc pc be willing to restrain their sales Ani replied Only they will  Yamani s predictions were echoed by other ministers including Indonesia s Subroto whose opening address to the conference was his last As the group s chairman. He was replaced saturday by Arluro Hernandez Grisanti the venezuelan Oil minister. The next months will be very difficult  Subroto said. With a Slack world Economy and production maximization on the part of producers outside open we tace a situation that could generate such intense that the Price Structure might no withstand Ali pc it is High time thir am or important parties in the Oil Industry shoulder their Parobi  that is fast becoming too heavy for open new Mync. He also called for Oil consuming nation Fri i Gnu 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 i president Reagan that he wants the House to pass to and Means committee tax Reform Bill As he stepped up his warnings that he will not sign a Arm Bill that he considers bloated. Reagan s request for approval of the tax Reform legislation goes a step beyond the lukewarm statement issued last week when he avoided embracing either the Democrat a in controlled committee s Bill or a a can version taking shape in while i he  the House arc far fran per fact they do represent an essential step toward a lax code that is fairer simpler and encourages greater owl Reagan said. I Hope the House Al week and allow the sen ate to Cotow Iwaji  to improve this important measure. The president said that i for tax Reform to  t he Bel the Bil  the Senate. _ in 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 the threat of a presidential veto to Hammer out a new farm Bill. He told Congress that it must Undi stand that More federally not the an Sci Ofiu Birris poli. Along term plan to get Lent out of farming and establish a More Market oriented farm policy. Al upon Congress to Send me a Bill i Cal House acts Pov negotiators Are Labouring against a scheduled 2hjg his application for Asylum is being consid ered said Robert l. Brown Deputy District director of the . Immigration and naturalization service Here. Kapsa walked off the freighter sunday after talking to a polish immigrant who was visiting the ship and agreed to help him defect. He is staying at the Cleveland apart mint of the immigrant. Kapsa wanted to rat Over the weekend and would take up the matter of employment next week said Kencik a polish immigrant and pastor of transfiguration Church. From a Stricler a when mrs in the fall mrs. Reagan j dog and at Sci i at Din talking  visited the buckles keys had a dog and with the dog. The in s Lap All Day he could t Stop Lac president turned Scakes Bud. Fes said Reagan foun Wii that the is dog had a brother and made a cements to get it for mrs. 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Of mining airspace euro Peari weather Managua Nicaragua a presi Dent Daniel Ortega accused the . Government of mining the airspace of Central America by providing rebels with what his country said was an Sa-7 rocket that shot Down a nicaraguan air Force helicopter. At a news conference Onega three times dodged reporters questions about whether cubans were among the 14 military person Nel aboard the soviet made helicopter shot Down monday. The government has t " were killed. He said the .  and official zing tent fractions and could Lead to Arajj tuntion on the continent of the use Ojail Type of weapons in the hands a rtt Gular military  inc ident poses a new and delicate situation in the Region Ortega said. We arc against this new escalation which is serious for regional peace and we Hope that the International Community will demand a halt to the provision of this Type of weapons since the United states ing the airspace of Centra continent he said. " be an escalation of against Nicaragua Statcy has resorted to the pre Mcd presence of cuban soldiers in Nicaragua. We do not deny that there Are military advisers in the country but not in the num Ber that the United states says he said. Reagan administration officials say 2,500 cuban military advisers Are stationed in Nicaragua. Ortega earlier this year said there were 800. In another develop me nicaraguans ends of Day of in Managua they claimed was the . Applying of Sa-7 rocket to the contras. The use of such rockets would be a tint by the control. At the United nations spokesman fran Cois Giuliani said Nicaragua s Mission was seeking a Security Council meeting to com Plain of increased activity by .-support de guerrilla in the Central american nation. The session was expected Early next week. Earlier in the Day the . General As Sembly s economic committee approved a Resolution calling for an end to the . Trade embargo against Nicaragua. 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