The Baytown Sun (Baytown, Tex.), Vol. 55, No. 194, Ed. 1 Friday, May 27, 1977 Page: 4 of 22
This newspaper is part of the collection entitled: The Baytown Sun and was provided to The Portal to Texas History by the Sterling Municipal Library.
Extracted Text
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4
Oak
LOBE
People In Texas Resent
Oil Ripoff By The North
*
School
OPEN FROM 9:00 A M T1A 10:00 P.M MON THRU SAT
Hite to get by without im
«bwt M rotes par 1,000 ruble
up to Cun the
f
posing otter Uxm that might
«££S«ui
nurkrt
1|MCA#UMI
Fun&
Learning
CHILDREN AGES 6-9
(rot. (tero-ettee
SUPER VALUES FOR
MEMORIAL DAY
WEEKEND!
la the pail, few Texas
politician* have dared to
propose an increase in tatea
on the oil and |aa industry.
Quite wron|ly they have
believed that these taxes
last
Although only » per cent of
the Texaa lahor force worts in
They have i
oti industry,
to the in
economy last year It
Texas fit billion But
every bit as important, it
provided the state with 11 per
cent of its revenue, that is
with a drill in
the tech el Ids tmdt^as being
thr rpiUMiw of rvrrvthmg thjt
ts wrong with Washington's
ideas about
realtxit* that Texas is com
petit* with the Middle East,
rather than with other
Now your child can haaa both
during our summer program baginning
May 31st
about 1700 million in all (with
American prudum s
lees kb
ceatives to explore and
develop higher t
greater regulation
Mr Carter's desire to
Other states, notably
gasoline taxi
tealthof the oU in-
On the
sd their "severance taxes on
*e jotl and gas tetsveb far show
In the past, few Texas politicians have
dared to propose an increase in taxes on
the oil and gas industry. Quite wrongly
tNy h*Y» believed that these taxes would
hurt the industry . . . (Now) a conser-
vative proposal to institute a refinery tax
has been floated in this session of the
state legislature. It may yet succeed. Cer-
tainly the industry itself should climb
down from its Illogical and Pavlovian
reaction against more state taxes.
but thr
Uni hr
go to the
| usd noth)
product the energy
27“
Ifcwytomi
•sr.
r*
water
It M hard lo find
anyone in
X team
s
\
that the auto tatevMg-and
smoker
lo bate - it*
will
energy resources npprd oil by
I seflUli iTUfmy
and Tri
The
(X«M g»n win eaer Ml on aat,
itwint ewcMiwM cnocow
as is
wealth of the state The
„___of tax collected riaes
with the price of oil and gaa
on oil there is a production tax
of if per cent of iU value, on
natural gas one of 7.5 per cent
those in Texas But now even
I I'
ill)'
too mm pan ii iwi too* mom
conservatives, including some
arch-conservatives in the Tex-
as oil industry itself, are
beginning to realise that
petroleum taxes should be
raised so as to squeeze the
tm (wC* rlM* VO«ll !«»«) rt
Rdf Trips
oil has, siact 197), bees
Be.* WO*««MiM
around fU s barrel Texas has.
courtesy of foderal regulation,
been getting fast |5 25 a btrrol
for If per cent of its prodoc-
2297
■■ ■■ rw 27.!
fH
i
FULL DAY PROGRAM $30 PER WEEK
Yankee without hurting the
local industry.
price, which has, since 1173,
an average price ol
risen by II a barrel, has only
II a barrel The price
produced a corresponding rise
in Texas oU of about $3 a
WALDEN OAK SCHOOL
A conservative proposal to
institute a refinery tax has
wagon
smoker
I
more absurdly low: (he
been floated in this session of
to lax
average price controlled on
424-5811
3100 Baker Rd.
the state legislature. Ii may
yet succeed Certainly the in-
dustry itself should climb
down from its illogical and
Pavlovian reaction against
the
the iatnr-staU market Is
Fi« lot) nood •'III IM »«"I con
uou ano •»'!%»• •■niM* fit*
pot'iion ebiuuabtoi'iapan
:cj
BOY-GIRL
WANT ADS
TWO BN. WEEKS
MAY 2910 JUNE 10
more state taxes
V
888
But with such dependence of
oil, what will happen to the
Texas boom when the fuel
runs out? The answer, of
course, is that it won't.
Predictions of a date arrived
at by dividing current produc-
tion into known exploitable
reserves are absurd
31
portable
grill
a
PEAK LEVEL
Reserves, it is true, are fall-
ing fast; gas reserves are now
about 40 per cent below 1907,
oil reserves 28 per cent below
their peak level in 1951.
But an Increase in the price
of oil would immediately
make more reserves ex-
ploitable and encourage
search offshore. (Offshore
waters usually belong to the
federal government but Texas
has control over its own
waters for "three Spanish
leagues,” an historical
anomaly from the days the
state was an independent
nation.)
The amount of oil siphoned
off from Texas wells can also
always be cut back by the
Railroad Commission, the
regulating agency, to eke out
supplies In all probability
therefore Texas will still be
producing substantial supplies
of oil and gas for another 50
cf.
1
poiiabie gull aim tout poll
non grid Omp Poo' win slum*
tubular legs lair lo ItHBiM
24
mm
ssfwM/ Fm
99?,
SCHOOL
NAME
pautts signature
PHONE
the
10-lb. bag
of charcoal
I
Claan burning briquettes with no
I
lane
kWipl
2/51
can
qt. of charcoal fuel
KS
88°
rasa
years
B
Until then its refining and
petrochemical industries
(upon which the new taxes
should be levied) will be in-
creasingly fed, as they al-
ready are, with Middle East
imports shipped into Houston.
The absurd pricing struc-
ture of the past few years has
helped neither the exploration
of new reserves (although for
oil at least these are mostly
known) nor efforts to con-
serve supplies. But the
results, paradoxically, have
not been altogether unhappy
for Texas.
The poor times at home
have sent the prospectors
farther afield to Mexico, to
the Far East and the North
Sea. Texas has been forced to
take its oil technology to the
world. Although the big oil
companies (which in the past
decade have increasingly
moved their headquarters or
staff to Houston) have always
been international, the Texas
wildcatter, the independent,
the man with the rig, has not
been - until now. In Houston
there is now a center of
technological know-how anx-
ious to thrust its wares on the
world.
Another advantage has acj
crued to Texas from
America’s messy energy
policy. The unrealistic price
of natural gas fixed by the
Federal Power Commission (
for inter-state trhde has made
natural gas producers reluc-
tant to sell their gas outside
the state or to explore for new
reserves at the inter-state
i
barbecue
>
%
frz. W€>
o
Giriys Still Accepted. Ni ctff
■ms will M ■«!•. NO PHONE
Ni
i 1
tools
CALLS ACCEPTED. AOS MUST NUN
FULL 6 PAYS.
-<
i.
w
*v
t
V
497
■ rea. 5.91
Hid girts ii tb«
boys
Baytown trot 18 or mMt, MR plnao
; . ■:
School Ml
I
Wilt Ads lo Tin Biytowi Sm May
29 It June 10.
V
brass
Pliasi, no blip Iron parents.
planter pole
FREE OF CHARGE; ONLY ONE A0 PER
PERSON.
J
M
Three adjustable plated hangers.
The pble adjusts In height and has
non-mar tips. Pols and plants not
included.
2388
reg. 29.97.
\\
Ads will b« accepted with parent's or guardians' approval, offering to sell, swap or give
away things boys and girls use-sports equipment, bicycles, pets, books, wearing apparel,
musical instruments, electric trains or other articles or offering to perform services of
various kinds-mowing lawns, baby sitting, running errands, etc.
s*.
Each ad may contain up to 15 words including boys’ or girls' name and age and price of qr-X
tide (not to exceed $50.00) which must appear in ad.
/
nylon
(USE GLOBE'S^
| EASY
I
line trimmer
LAY-A-WAY
H.P., 8000 rpm
Powerful, V3
motor. Large trigger stock with
molded T'handle.
IS®
K
e
\ PLAN J
Ads will appear in The Baytown Sun May 29 to June 10 under a special heading in the
Classified Section.
1
m
©
T ’
your 2-shelf
choice or 3-shelf
planter stand
ws'> >
-•swSSU
a
■
MAIL TO:
"BOY-GIRL WANT AOS
The Baytown Sun
P.O.Box 90
■ ■
777
f i ■
\
■
j
ff
i
Lovely way to display your plants.
Sturdy tubular legs! 2-step is 9- X
30-in. steel mesh; 3-shelf model is
9- X 18-in
price, but doubly willing to
\
sell within the state.
Thus Texas consumes 60 per
cent of the gas it produces — a
quantity greater than any
other state. >
l
t
its*
wm
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m
V
I
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I
BAYTOWN. TEXAS 77520
iSe^/f! \K ."'f
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(Next: Politics)
Copyright (jfe) The Ecobotniat ol London
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'"««thru Mav 2B 1977 We reserve the right to limn quantities
705012. Copyright. Globe Store' 'nc. Piinesi
Attend Church
fete
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1200 Garth Road
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Brown, Leon. The Baytown Sun (Baytown, Tex.), Vol. 55, No. 194, Ed. 1 Friday, May 27, 1977, newspaper, May 27, 1977; Baytown, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1145050/m1/4/?q=Lamar+University: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Sterling Municipal Library.