The Jack County Herald (Jacksboro, Tex.), Vol. 68, No. 24, Ed. 1 Friday, November 15, 2013 Page: 2 of 10
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Page 2 • The Jack County Herald
WWW.JACKSBORONEWSPAPERS.COM
Friday, November 15, 2013
JISD-
Continued from page 1
ng a pei
one involving debt related
expenditures and whether or
not they were less than $350
per student.
The district received a
zero for that indicator. The
debt expense per student is
$4,394. As of the latest prin-
cipal enrollment repi
district has 991 stude
But Superintendent Dennis
Bennett said that’s not sur-
prising.
“We’ve been getting zero
since passing the bond,” Ben-
nett said.
»u have that much debt
base
dents '
taxes (
pnn- to get
5, the we die
we have and property
collected, you’re going
zero on it. It’s not that
did anything wrong.
/e been overpaying in-
Dental Care
on the Square
Dr. Felix Cano
940-567-3771.
Handyman Repair
We do All Home & Appliance Repairs
Jacksboro & Surrounding Areas
if
FOR SAIE: Good Used Appliances
152 St Hwy 148 • Jacksboro TX 76458
940-567-3778
www. cokerfuneral. com
mmnmum
5 p.m. Monday - Friday
Monday, Tuesday,
Thursday, Et
Friday Mornings.
Bridgeport Clinic, afternc
Same-Day Appointments.
G.E.M.S
Godly Encouragement for Mothers
Are you a Mom who is expecting, have a preschooler, or have a child in Elementary?
This is your chance to take a break, relax, enjoy some fun and receive
encouragement and support through fellowship!!
JOIN US!!! For more information about MOPS, check out www.mops.org
NEXT MEETING
6 - 7:45 p.m. Tuesday, Nov. 19 at First Baptist Church in Jacksboro
Childcare is provided!!!
tentionally because the board
wants to pay off the debt as
soon as possible.”
The bonds were passed by
voters in 2006 and 2008.
Combined they totaled $50
million.
Bennett said the rating for
the debt indicator will contin-
ue, but overall the district’s
finances are good.
“We know that we will con-
tinue to receive a low score
on indicator number nine un-
til the debt is paid down. In
fact, our debt payment sched-
ule record is exceptional.
“I believe the key point
is that Jacksboro ISD con-
tinual ly rec eive s ‘ S uperior
Achievement’ on the FIRST
Report. I am very proud of
our rating, and JISD is in ex-
ceptional financial standing
as indicated by the report
and by our annual financial
audits.”
The board also voted to ac-
bids for the sale of the
par'
Fourth and Coll<
Obituary
Anita Marley
cept
old elementary teacher’s
t the comer of
parking lot at 1
streets
middle
school gym property at the
comer of Fourth and Belknap
streets, the board voted to al-
comer of Fourth
eets, •
w the
superitendent to dis-
cuss a possible donation of
that property to the city with
the city manager.
Anita Marley was bom Aug.
7, 1918, in Jean, Texas. She was
the daughter of V.W." Hop" and
Nettie Eva Cox Young. Anita was
a homemaker, although she
worked various jobs around the
Graham and Jacksboro area. In
October of 1940, she married
the Late Elmer Marley in Gra-
ham. She went home to be with
the Lord early Tuesday morning,
Nov. 12, 2103, at the age of 95
ANITA MARLEY
Red Cross blood
drive on tap Nov. 21
years old.
Anita was was preceded in death by her parents, husband
and her grandson, Joe McAuley.
Those left behind to cherish her memory include her chil-
dren, Dee Oliver and her husband Charles of Jacksboro;
Gaye McAuley and husband David of Whitt; Elmer Smith
Marley Jr. and wife Joan of Jacksboro; Gloria Sims and hus-
band Raymond of Graham; and Rodger Marley of Rotan; her
brother, Sterman Young of Post; 10 grandchildren; 10 great-
; and four great-qreat-qrandchildren.
The holiday season is a time
for people to reflect on what
makes them grateful. Family,
friends and good health come
to mind for many.
Countless patients like
Ethan Hoffart, however,
strive for good health during
the holidays, oftentimes in
etty much saved me.”
l part to volunteer
lan’s d
a hospital room, away from
family and friends. Blood do-
nations can bring them hope.
When Ethan was 10 years
old, he spent most of the holi-
day season being treated for
aplastic anemia, a disease in
which the body’s bone mar-
row doesn’t make enough
new blood cells. For four
months Ethan was dependent
on blood transfusions every
seven days and platelet trans-
fusions i
pret
Thanks in
donors, Ethan’s disease is un-
der control, and he will be at
home with his family for the
holidays this year.
All blood types are needed,
especially O negative, A neg-
ative and B negative.
The Red Cross will host
a blood drive in Jacksboro
from 1 to 6 p.m. Thurs-
day, Nov. 21 at First Baptist
Church, 200 N. Knox St.
Call 1-800-733-2767 or visit
redcrossblood.org to make
an appointment or for
information. All blood
grandchildren; and tour great-great-grandchildren.
Services will be held at 2 p.m., Friday Nov. 15, at First Bap-
/-i------1_ •—i—i----- •—--1 r-"----:ng in Mountain
ndling arrange-
ments. Visitation was from 6 to 8 p.m.,Thursday, Nov. 14, at
Home Cemetery. Coker Funeral Home is hai
the funeral home.
If so desired, memorials may be made to: IntegraCare Hos-
pice, 937 FM 1821 N Suite A, Mineral Wells, Texas 76067.
Ken Frost
types
i reli-
“I probably
eher<
very three days,
ably wouldn’t i
:re if no one gave blood,”
he said. “The transfusions
are needed to ensure
able supply for patients. A
blood donor card, a driver’s
license or two other forms of
identification are required at
check-in. Individuals must be
at least 17 years of age or 16
with parental consent.
Ken Frost, 72, passed away Sunday, Nov. 10, 2013, at his
home in Jacksboro. A memorial service was at 2 p.m. Thurs-
day, Nov. 14, at Coker Funeral Home Chapel with Bro.
Dwayne Lamberson officiating.
Jess E. Nunley
nley,
p.m. Saturday, at Coker Funeral Home in Jacksboro. Grave-
side service were at 2 p.m. Sunday Nov. 10, at Perrin Memo-
Jess E. Nunley, 86, of Jacksboro, passed away Thursday,
Nov. 7, 2013, in Jacksboro. There was a visitation from 7 to 8
: service
rial Gardens.
Lawsuit alleges oil price manipulation by Shell, BP
Allegations of manipulation
of crude oil prices became
public recently when four ex-
perienced traders in the global
oil market filed a comprehen-
sive lawsuit in Manhattan dis-
i grou
very large traders on the ii
national oil market.
The plaintiffs include Kevin
McDonnell, who was a direc-
tor of NYMEX (New York
Mercantile Exchange) Hold-
ings, and other traders work-
ing at NYMEX at the time.
They allege
that the defen-
dants reported
false and mis-
leading data
for transac-
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Bridgeport
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Bridgeport
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bridgeportguns@yahoo.com
trict court against a group of tions to Platts, a company that
/ large traders on the inter- reports commodity prices.
The window, or market-on-
close (MOC) system, is a dai-
ly half-hour period in which
Platts determines cash prices
through a series of bids, offers
and trades. Platts has not been
named as a defendant in this
lawsuit.
The suit alleges that as ma-
jor market participants, the
defendants have the power
to push prices in a particular
direction, undermining the
entire pricing structure for
the Brent physical and futures
markets. Specifically, the suit
claims that in February 2011
and September 2012 the de-
fendants engaged in disrup-
tive and manipulative trading
during the Platts window “at
least in part to benefit their
Brent crude oil derivatives
positions.”
Brent is a type of North Sea
crude oil traded internation-
ally and is used to price a sig-
nificant portion of the world’s
crude oil. The lawsuit alleges
that BP, Statoil and Royal
Dutch Shell conspired with
Morgan Stanley and energy
traders including Vitol Group
to manipulate the spot market
prices for Brent crude oil.
The case outlines a detailed
description of the alleged
manipulations, including that
the group or
energy trad-
ers submit-
ted false and
misleading
information to
spot
iven
down by the defendants
Platts. The Dated Brent
price was artificially driv<
wap,
, the
suit
Steaks are tenderized
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New & Used Guns
Buy, Sell, Trade & Consign
Gunsmithing
pron
tures or spot markets,
stated.
Since at least 2002, Shell
and BP have had enough mar-
ket power to manipulate price
trends, an effect alleged to be
magnified and more disrup-
tive when they used collusive
market power in acting along-
side the others. In the lawsuit,
the plaintiffs say it is their
own, expert analysis that pro-
vides proof that the fix was in.
The complaint says the plain-
tiffs are among the largest
traders of Brent crude futures
contracts on NYMEX and the
Intercontinental Exchange.
The plaintiffs allege that in
February 2011, defendants
manipulated the trade of For-
ties-blend crude, one of four
grades used by Platts to deter-
mine the Dated Brent bench-
mark, which represents the
price of physical cargoes for
delivery on the spot market.
Shell offered to sell ship-
ments to keep the price of
Forties ‘artificially low,’ ac-
cording to plaintiffs. Morgan
Stanley was the only buyer
for one of four such orders,
or cargoes, totaling 2.4 mil-
lion barrels of oil, the traders
said. The February 21, 2011,
transaction was prearranged
to set a lower price for Dated
Brent. Shell’s trade to Morgan
Stanley successfully drove
the Forties assessment lower
than where it otherwise would
have been, the plaintiffs said.
On February 24, 2011, Shell
sold two Forties cargoes, or
about 1.2 million barrels, in
the Platts pricing process at
about $1 a barrel less than a
trade outside the Platts win-
dow, according to the law-
suit. The lawsuit alleges Shell
had a large short position in
the swap markets and would
benefit from falling prices of
Forties. The plaintiffs cited a
trade outside Platts’s MOC
pricing that day allegedly
showing the ‘artificiality of
Shell’s reporting.’ They cited
a trader’s reference to the pur-
chase as not being by ‘one of
the BFOE boys.’ ‘By BFOE
boys,’ the plaintiffs said in
their complaint, ‘this trader
was likely referring to the ca-
bal of defendants, including
Shell, which controlled the
MOC process.’ BFOE refers
to the four oil grades: Brent,
Forties, Oseberg and Ekofisk
that collectively make up the
Dated Brent benchmark.
In May, European Union
antitrust authorities raided of-
fices of companies including
Platts, BP and Shell based on
allegations of collusion in set-
ting prices of crude, refined
products and biofuels. No
charges have been made or
findings announced.
Paul Adair
Ronald Alcorn
Richard C. Alexander
Amanda Arwine
Jerry W. Belcher
Alvin Bilby
Jesse Bolton Jr.
Kiley Bowman
Stephen E. Cassle
Christopher Cowley Louis
Daniel DePan
UNITED WE STAND
Following is a list of servicemen and women from Jack County who are serving in the war against terrorism.
To honor these men and women, this list will run throughout the military conflict.
We Salute You!
Brandon Draper
Jennifer (Sparks) Elliot
Caleb J. Fonville
Billy A. Fowler 11
David W. Franklin
Sophie Freeman
Jimmy Garcia
Joe B. Gastring III
Jeremy Gilbert
Cameron Gilbert
Matthew H. Graham
Monty G. Graham
Roy Glenn Graham
Ronald P. Gustin
Cody Haak
Robert W. Hageman
Cole Haston
Alan S. Hearn
William R. Hearn
Kenneth Holman
Juan F. Horton
Cameron Hutton
Erica Hutton
Troin W. Jacoby
Brent A. Johnson
Kip Johnson
Nicholas L. Johnson
Travis L. Johnson
Alisha Jones
Stad Lawson
Josh Locke
Fidel Lopez
Jessie J. Martinez
Kelly E. McAnear
Robert McClaflin
Michael McGaughy
Danny McGee
Christina McLaughlin
George Montgomery
Stan Moss
Amy Mowrey
Curtis E. Myers
Martin Myers
Taylor Myers
Michael Nail
J.T. Nash
Jason A. Nash
Keith Norton, Jr.
Chris Ogle
Ralph L. “J.R.” Owen
John Pacey
Michael Penney
Christopher Perrin
Shane Easley Read
Joel Reeves
Robert Richardson
Billy Robinson
Flex Salagard
Michael Slocum
Chris Smith
Trey Smith
Aaron Sparks
John Clay Tarpley
Olan Teague
Andrew Tenut
Joseph Tenut
Justin Epps
Sandra Tinajero
Edgar Trujillo
Shawn K. Varnado
Manuel Villa Jr.
Christopher Wade
Jonathan Walters
John Watson
Chester Zielinski
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Rushin, Cherry. The Jack County Herald (Jacksboro, Tex.), Vol. 68, No. 24, Ed. 1 Friday, November 15, 2013, newspaper, November 15, 2013; Jacksboro, Texas. (https://texashistory.unt.edu/ark:/67531/metapth757312/m1/2/?q=kitchen+cabinet: accessed June 27, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Gladys Johnson Ritchie Library.