Price Cuts Threaten OPEC Cartel Unity

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Price Cuts Threaten OPEC Cartel Unity Dr. Bruno to head Riverview Hospital medical staff, GREATER RED BANK EATONTOWN Musical memoriam Wrestling clinic Outcry sparked LONG BRANCH N.J. Symphony honors Guillotine move puts Sharon's new role late Long Branch pianist. opponents on the mat. on Lebanon hit. Today's Forecast: Sunny today, cloudy by tomorrow Page A8 Page C3 Page A2 Complete weather on A2 The Daily Register VOL. 105 NO. 203 YOUR HOMETOWN NEWSPAPER . , SINCE 1878 MONDAY, FEBRUARY 21, 1983 . 25 CENTS Price cuts threaten OPEC cartel unity By THE ASSOCIATED PRESS ry $1 cut in the price of crude oil lowers Nigeria's decision to cut its official gasoline prices by about 2' 2 cents. oil price by $5.50 a barrel has Yesterday. Nigeria broke ranks with jeopardized the unity of OPEC and con- the other 12 countries in the Organiza- fronts other cartel members with the tion of Petroleum Exporting Countries dilemma of whether to join in a price and slashed its official oil price to $30 a war. barrel. Foreign ministers of Saudi Arabia The cut came two days after Niger- and five oil-producing Persian Gulf na- ia's chief rivals for European sales, tions announced no policy changes after Britain and Norway, lowered their of- a weekend meeting to discuss what they ficial North Sea crude prices by $3 to called "joint visualization" of issues $30.50 a barrel. including oil prices. The developments, resulting from a But the authoritative Saudi Arabian glutted international petroleum market, newspaper Asharq-Al-Awsat said today threatened to unleash a price war within the Gulf ministers agreed to cut their OPEC, which in the past has avoided prices up to $7 a barrel from the official cartel-wide price cuts and has kept rela- Oil prices $34 benchmark price for crude. tively firm control over international oil prices. Spot vt. official sales price of Lower prices would benefit gasolingasoline prices, Mideast light crude oil consumers in the United States, as eve- consumers in the United States, as eve- Seee Price, page A7 in dollars pe' Daire $42 State gas tax fuels Rnllltf photo by Carl Forlno SERIES SPEAKER — New York Supreme Court in Red Bank yesterday. Wright spoke as part of the Justice Bruce M. Wright, left, Joins Red Bank chapter's NAACP series honoring February as cut in local prices lawyer Stafford Thompson at the AME Zion Church Black History Month. By RAY GERMANGERMANN Hee said the federal Rovernmgovernmeni t probably asked oil companies to relereleas; e Area service stations have reported stockpiled supplies, or you might still Justice calls for formation a 5- to 8-cent drop in gasoline prices in be paying $1 50a gallon." Purchasing power ot OPEC oil- the past three months, and station man- Okun said falling prices have hurt price of oil adjusted for strength agers expect that trend to continue in small stations more than large stations of dollar- anticipation of a state-imposed 5-cent which pump large volumes of gas. and inde« 197B tuO tax on each gallon sold after April 1. receive "breaks" on gas purchases by of a black political party "I would expect that the oil com- virtue of their larger sales panies are going to reduce the price But other stations in the area also loose a torrent of laughs and applause By ANDREW SHEEHAN children, because they deserve better even further to try to offset the tax." reported steady or falling sales Jay in the audience of more than 200 for than what w« had." Bill Seber of Matawan Gulf said "They Atkins, general manager of Middletown RED BANK - Blacks should form The controversial Wright took the his unorthodox opinions and calls for want it i the tax i to have as little impact Shell, said despite falling prices, sales a national political party for a podium last night as one lecturer in a black solidarity. as possible on the customers." at his station have not showed an in- stronger lobbying pretence in the series of NAACP-sponsored events Wright compared the strength of Irwin Okun. manager of Marlboro crease in several months American political system, New York commemorating February as Black the Jewish lobby in the United States Citgo on Routes 79 and 520 said he He said he believes oil distributors Supreme Court Justice Bruce M History Month to a more disorganized black leader- believes that falling prices in recent will begin cutting prices in the next few Wright told a packed house at the Wright is known in some circles as ship, saying that 08 percent of regis- months have been brought on by the months to offset the tax in April "I AME Zion Methodist Church last "Turn 'em Loose Bruce" from his tered Jewish voters cast ballots in an illusion" of a gas shortage in the late would say prices should start falling night. days as a Criminal Court judge, when election, while less than 25 percent of 1970s and early 1980s. even faster than they have been because 1973 74 75 76 77 'h 7* 80 81 82 "It's the time now not to raise he gained a reputation for setting low registered blacks actually vote. "I don't think there ever was a real the companies want to lessen the impact every voice and sing, but to raise bails, handing out lenient sentences "If we had a national political gasoline shortage." he said. "Oil com- of that tax " every hand to vote," Wright said. and dismissing many cases before wc*s " WWI OPfC "W* -*j-f •n party you wouldn't see politicians panies drove the prices up. but then Bill Harrington, of Eatontown Citgo. ""4(0' I'M "9 (Ouni'<«i jn.|«o S.llt^ "And, if we can't do it for ourselves going to a grand jury. rushing to Israel before they cam- supplies started building up in the Arab agreed "1 can see the prices falling then we should at least do it for our •Last night, however, he turned See Justice, page A3 countries until there was a huge sur- Faster this summer than they have been plus ' See State, page A7 Reagan hit on EPA appointments It's no lie— WASHINGTON (AP) - President lieve in the laws they're appointed to Reagan has appointed environmental of- administer, ' Udall said. "It's now shoppers ficials who don't believe in they laws Gorsuch takes break coming through. It cuts very deep, and I they are supposed to administer, a pair don't think the White House can get of key congressional leaders from both and says 'I do,' A3 away from it." love bargains parties says. Chafee, chairman of the Senate en- Rep. Morris K. Udall, D-Arii., and come of an administration which vironmental pollution subcommittee, By KATHLEEN STANLEY Sen. John Chafee, R-R.I., appearing on doesn't believe in the environment, said, "The president ran on a certain Area shoppers today will have much NBC's "Meet the Press" program Sun- which made war on the environment platform. He appointed these people more to do with their dollars than toss day, pointed to President Reagan's ap- and which has key people administering who are enunciating his views. them across the Delaware River, ac- pointments in discussing the con-laws who don't believe in it," said "They aren't my views, they aren't cording to local storeowners who are troversies surrounding EPA, some of its Udall. chairman of the House interior the views of many of the Republicans in gearing up for George Washington's top officials and its hazardous waste Committee. the Senate and House, and I don't think birthday sales cleanup program. "He (President Reagan) has ap- they're always the views of the Ameri- Most parking lots are clear of the "Basically, we're seeing the out-pointed people ..who simply don't be- can people," Chafee said. snow and shoppers are anxious to track A White House official disputed the down bargains, said retailers yesterday charges. "We want to protect the en- Many stores are reducing the price vironment. That's precisely where the of their winter stock by as much as 75 Hindu tribesmen butcher president stands," Edwin L. Harper, percent in efforts to clear the shelves Reagan's assistant for policy develop- for the spring and summer merchan- ment, told the Washington Post. dise 600 in Moslem villages Chafee said Rita M. Lavelle, the Sales have been in progress since fired EPA official who last week defied Saturday and will continue today, enabl- tribesmen flinging spears, hatchets and "River of Sorrow." will appear this week before the Senate ige turnouts at machetes butchered at least 600 Moslem Reports of Friday's massacre Environment and Public Works Com- most of the area shopping malls and Bengalis in 17 northeast villages near filtered out of the hilly tea-growing re- mittee. It is one of six congressional department stores, according to the re- the "River of Sorrow," witnesses re- gion, almost completely separated from panels probing EPA's handling of the tailers ported. India by Bangladesh, on Sunday. Esti- $1.6 billion "superfund" program to Michael Zafran. a manager for They said most of the victims were mates of the killings varied up to 1,000 clean up abandoned toxic waste dumps. Kuikel's department store in Tinton women and children. and the United News of India reported Meanwhile, EPA Administrator Falls, said the store is doing "very Prime Minister Indira Gandhi said that about 6,000 survivors poured into Anne McGill Burford has asked the Jus- Ul.II Th.
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