The Optimist (Abilene, Tex.), Vol. 73, No. 34, Ed. 1, Friday, January 24, 1986 Page: 4 of 10
This newspaper is part of the collection entitled: Texas Digital Newspaper Program and was provided to The Portal to Texas History by the Abilene Christian University Library.
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fridayjan.241986-
optimisfcA4'
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Danny Tltomat rounder
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-. Trecious Lifm
Life Is a precious gift. ' '
Most people never realize the value of life
until faced with death. For children with
cancer or other rare childhood diseases this
lesson comes early too early Before they
ever Icam to live some must learn to die.
St. Jude Hospital Is offering children hope
through research. You can hefo ttus MMavina
work continue by serxJirgiyWti7Swuct-
Give the gift of life.
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RickAtchley
Minister
Axrtbern HI
Chufph Of Chrfl
P
Is
.. Missions
Impossible? j
Sermon in a series on the Book of Acts
Worship Services I
;;''; 8:30 & 10:45a.m.& 6:00 p.m.
'. class at 9:50 a.m. a .:;
. ' . .$4
31566 Buffalo Gap Road
Just North of the Mall on Buffalo Gap Road
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All Are Welcome '
Youth Enrichment Sunday
Sunday January 26 4 p.m.
16th & Vine Street Church
of Christ
-y$m
3 11
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1610 Vine Street
I 677-2892
! Schedule v; ."
3:30 Registration
4:00 Program Begins
6:00 Evening Worship
7:00 Food & Fellowship
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Oil prices declin
DALLAS (AP) - The Mate of
Oklahoma predicted oil would sell for
about $23 a barrel this year Louisiana
planned on $24 and Texas ct its
budget for 198tf based on $25 a barrel.
They raay all be wrong and the
rakcakuhdooa could leave their t-tate
budgets in shamble officials say.
This week's oil price plunge on the
spot market from the $25 range to
below $21 has sent shivers through the
oilpatch and oil-dependent states.
Every $1 drop below $25 means the
loss of 25000 jobs $100 million in tax
revenue and $3 billion in gross state
product in Texas the state com
ptroller's ofllce said.
Louisiana was expecting a $150
million budget deficit with oil at $24 a
barrel and will lose an additional $50
million in tax revenue for every $1
below that Mark Drennan the Loui-
siana legislature's chief fiscal officer
told lawmakers Tuesday.
State economists in Alaska say every
$1 decline costs the state $150 million
but recent price reductions have not
substantially affected the state's
economy.
And Oklahoma which planned on
an average price of $23 a barrel stands
to lose $33 million in tax revenue if the
price drops to $20 or below said Gov.
George High who has pledged there
will be no tax increases.
"We're just getting over the shock of
seeing that $20 price on the spot
market and looking with super con-
cern at what's happening" said Tony
Proffitt tax information director in the
comptroller's ofllce.
The price declines were accelerated
by slack demand and increassd output
in recent months leaving prices 18
percent lower In one week and 35 per-
cent since November.
Analysts say prices could drop below
$20 a barrel if OPEC countries con-
tinue to aggressively chute market
shares
One week ago a barrel of West
Texas Intermediate a major U.S. ben-
chmark cost $2515 on the spot
market where surplus oil is sold on de-
mand. The spot price closed Tuesday
at $20.10. In November it had been
$32.
Officials say the drop in prices on
the spot market won't immediately
translate into a major decline in the
oilpatch since most transactions are
done on contracts.
Prices on the contract market are
still about $25 per barrel Profxitt said
although Citgo Petroleum Corp. an-
nounced this week it was dropping the
price it would pay for West Texas In-
termediate by $1 to $24.50 a barrel.
But the spot market decline may be a
bad omen
"This could be cither a mild shower
or a very big rain storm. The clouds
are right out there" said Proffitt.
"Our concern now is what happens if
all this spills over onto the contract
market."
A sustained price of $20 on the con-
tract market could mean a
"devastating" loss of $750 million
from Texas' $22 billion biennium
budget Proffitt said Wednesday ''and
$15 would be a real deal a real deal."
In Texas' oil-rich Permian Basil
Royal Lyson hni already started to
the effects of the price fall.
Lyson regional sales maneer for tl
M.L. McCullough Co. an oil field k
Vice firm in Midland said W
nervous customers have already dec!
ed to postpone drilling because oft!
price drops.
At $20 a barrel most independent
would stop drilling and McCulkn
might lose 50 percent of its busia
Lyson Mid. A price of $15 a bam
"would probably bankrupt us.
"It's nail-bitina time." he said.
Officials say the price decline's efic
on unemployment In oil-produ
areas is hard to guage sin
unemployed workers may pack up ai
move to areas with more opportune
More tnan 65ooo people wei
employed in the Oklahoma oil a:
natural gas industry last Dccernl
when unemployment in the state w:
7.1 percent. But Wayne Hurus of tl:
state's Employment Security Comrni:
ston said omciais know only that a su
talned decline "would definitely ii
create unemployment.
California has 41000 workers in t
oil business and Texas whe:
December unemployment was 6.8 pei
cent has already absorbed declines
the energy industry U.S. Bureau
Labor Statistics economist Ni
Santangclo.
If the price falls to $20 for Ion
periods he said employment in Texa
"gees down through the bottom."
And at $15 "you might as well n
Texas up ahd put it away."
Classifieds
LoetomHh Srvfe. Doadbotts
Installed Looks rekeyed
emrgncy opnlng to cars and
rtomea. I can do it. Pius I'm
mobHfl and easy to reach. Call
Read's 661-4256.
New Twhi Homes for lease In
University Hills $500 per month
$250 deposit. Semester lease
Ray Scott Realtors 677-7821 .
I need part-time peoplo to help
me In my business. Earn $150.00
weekly working 2 evenings and
Saturdays. Car necessary. Full-
time positions available. Earnings
of $400 plus. Masterguard 1133
N. 2nd - Cypress Building Sto.
209. Phone 673-7636. Talk to Ar-
thur or David.
Typfet $500 weekly at home!
Write: P.O. Box 975 Elizabeth
NJ 07207.
Replacing lost keys
causes problems
Lynn Moore the new building and
grounds director is concerned with
the high cost of replacing lost campus
keys and he is planning an awareness
campaign to deal with the problem.
"Approximately 1744 keys had to
be replaced during the 1985 year"
said Moore"Some students just don't
realize how much work is involved in
replacing stolen lost or broken keys
for a school this size."
In addition to replacing the large
number of campus keys the depart-
ment completes an average of 500 to
700 work orders per month.
The large number of work orders
such as making keys replacing tiles
fixing roofs and repairing Jocks has
caused Moore to look to the students
to increase their awareness of the
of work repairs.
Moore plans to initiate a studei
awareness campaign which will cons!
or a five-gallon jar filled with
cumulated lost keys. The jar will
displayed in the Campus Center.
object of the campaign is for t
students to guess the money value
the keys in the jar. The cost for rep!
ing each key is 51.50.
ine student nearest the coi
amount will receive a dinner for two
the Towne Crier Restaurant.
Moore said he hopes the campai
will uree students and facul
members to take better care of prop
ty bought with student funds ai
alumni donations.
vVelcome
! T BACK
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HIGHLAND CHURCH OF CHRIST-
425 HIGHLAND
(2 blks south. of Crystal's)
Optimist
Classifieds
Call 674-2482
The Gospel
Is For All
Morning Sertnon presented by Terry Bell
Praise ;
. series continues Sunday evening
WORSHIP SERVICES
8:30 & 10:30 a.m. and 6
classes begin at 9:30 a.m.
dPtor
Hfflcrest Church of Christ ;
m
HUIcrcs)
FIND
A CHURCH
HOME
Oakland Drive
Church of Christ
Woodrow Wilson Minister
672-4737
Dean Stewart
Evangelism Minister
695-3006
Worship 10:30 a.m. & 6 p.m.
Sunday Classes 9:30 a.m.
Wednesday 7 p.m.
University
Church of Christ
Sunday Classes 9:30
Worship 8:1 5 a.m. 1 0;30 a.rrg
5:00 p.m.
Wednesday 7 p.m. m
oiHwa
16th and Vln
Church of Citrlst
Perry M. Greene minister"!
677-2892
Dr. F. M. Churchill
associate minister
ACUext.2006
Sunday Clases 9:00 a.m.
Worship 10:0Oa.m.
Evening Worship 6:00 p.m.
Wednesday 7:00 p.m.
Woodlawa
Church of Christ
3185 N. 10th
Sundiy 9:00 a.m.
Worship l(kC0a.m.
Sundiy Evening 6:00 p.m.
WcdocMby 7i30p.ro
Free lunch after
morning wonblp
'.
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i
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The Optimist (Abilene, Tex.), Vol. 73, No. 34, Ed. 1, Friday, January 24, 1986, newspaper, January 24, 1986; Abilene, Texas. (https://texashistory.unt.edu/ark:/67531/metapth92032/m1/4/?q=%22%22~1: accessed July 15, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Abilene Christian University Library.