Word: oilman
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...fuel costs for consumers. The mini-glut is nearly microscopic: there is an estimated surplus of no more than 800,000 bbl., out of a total non-Communist worldwide production of about 53 million bbl. per day. "It is absurd to talk of a glut," says one West German oilman. "So long as any one of a number of oil-producing nations can create shortages, the world's energy supply hangs by an exceedingly thin thread...
...Board of Economists, criticizes the Kemp-Roth tax cuts. He says "the average American saves 4% of his income and consumes 96%." He doesn't mention that the Government takes 30% of the middle-class income, leaving the remainder to be consumed by the banks for mortgages, the oilman for heat, the utilities, not to mention the grocery store, clothes, doctor or dentist. We have federal tax, state tax, Social Security tax, school tax, town tax, gas tax, sales tax. Wouldn't it be great if the Government could save 4% instead of ending with a budget deficit...
...industry, which has some of the most skilled lobbyists in Washington, is not expecting quick legislative changes during a Reagan Administration. But it is looking forward to better relations with the federal energy bureaucracy. Says one oilman: "We will at least be moving away from the days when the participants in Earth Day became assistant secretaries at the Department of the Interior...
...optimism may be difficult to sustain; even Reagan's strongest supporters had their doubts. "Twenty years of mis management is undone, and good old-fashioned capitalism is back," crowed one Oklahoma oilman last week, only to add in the next breath: "Of course, whether Reagan can translate all this into policy is another question...
While Veneto magistrates delved into it over the years, the scheme was chronicled in some 200 articles that appeared in a small daily, La Tribuna, in the city of Treviso. One disgusted oilman in Rome also claims that "everyone in the industry knew for years." But no national disclosures were made until Giorgio Pisano, a senator in the neofascist Italian Social Movement (MSI) recently reeled off a series of charges on the senate floor...