page 2
daily nebraskan
tuesday, february 5, 1980
Mobil official defends oil industry
. By Rose Fitzpatrick
Attacks on the oil industry were defended by retired
Mobil Oil Corporation special products manager Paul
Stefanik in a speech at UNL Monday.
Stefanik, a guest of the College of Business Administra
tion Student Advisory Board said Mobil profitability
was criticized by CBS network and the Washington Post
but. he noted that CBS and the Post have twice the pro
fits of MobU.
The long lines at the gas pumps last summer were not
the result of tankers sitting offshore but of government
pricing regulations which do not reflect the replacement
costs of oU to the public, he said.
Profits of the oil industry go back into investment,
Stefanik said.
He claimed the windfall profits tax was an excise
tax and left no money for investment. The industry
should get funds for further research into alternate forms
of energy , he said.
Stefanik also criticized the U.S. Department of Energy.
"They didn't want anyone in the energy department
with a knowledge of the oil industry," he said.
The Department of Energy budget is higher than the
profits: of all the oil companies in the country, Stefanik '
said.
He added that Department of Energy policy kept the
country blind to the use of synthetic fuel for six years.
Stefanik said the Department of Energy should adopt
policiei of finding as much crude oil and natural gas as
possible and use more coal, along with nuclear power and
oil. .
A 3& percent increase in the gross national product
of the United States and li percent increase in the
number of people entering the job market will increase
energy needs of the country by 23 percent, Stefanik
said.
Stefanik noted that the United States is the largest
user and importer of oil, yet it has only 116 of the
world's population.
"Production in the U.S. is constantly decreasing,
he said, "and by 1995 will be 60 percent iess than to
day." He said the United States cant depend on friends
for help, citing the Japanese purchase of Iranian .oil
after America declared an embargo on Iranian oil.
It is important for major oil companies to re
member that the United States must compete for oil,
he said.
Stefanik has worked for Mobil OU Corporation since
1933, where he began as a service station attendant.
He worked for Mobil International and became Man
ager of Special Products of Marketing in 1964. He retired
in 1975 in that position and became a lecturer and adviser
for Mobil Oil.
Students graduating in p,m, in the Nebraska Union.
May should apply for their Room number will be
degrees and certificates by posted.
Friday, Feb. 8 at the Office
of Registration and
Records, Information Win
dow, Administration Bldg The UNL 4-H executives
8 a.m. to 5 pjn,, Monday will meet tonight at 866
through Friday. S. 45th St.
UNL Students for Ufe c The Utter Day Saints
will meet at 7 pjn. in the Student Associat on wUl
Nebraska Union. Room meet Wednesday at noon in
number will be posted. the East CAP room.
Orchesis will meet
Wednesday from 7 ponN to
9 p,m, in Mable Lee Hall
304,
The UNL Student Chap
ter ofthe American Society
of Interior Designers will
meet at 7 p,m, Wednesday
at the East Union, Barton
Johnson, designer at Arm
strong's will be the featured
speaker.
NU Meds will meet Wed
nesday at 7 p.m, in the Ne
braska Union, Room
number will be posted,
The Student Yets will
meet Wednesday at 7;3Q
p,m, in Nebraska Union 338,
The ASUN Committee UPC-Ewillmeetat6p,m,
for Fees Allocation will Wednesday in the East
hold an open hearing on the Union, Room number will
Nebraska Union budget at 7 be posted.
3
Yrujrjr LeWocr
Fifteen hours of tuition for
the 1980-81 school year will
be on the Daily Nebraskan
if your letter is judged as
the best in the Daily
Nebraskan's Letter Writing
Contest.
THEME; How does the University of Neb'
raska contribute to the state?
PRIZE; 1 5 hours of resident undergrade
uate tuition at UNL for the 1980
81 school year.
Entries must be no longer than 400 words
and submitted to the Daily Nebraskan at
Room 34, Nebraska Union, 1400 R St.,
Lincoln, Neb., 68588.
Th Dally Nebraskan reserve the right to select latter
for publication. Daily N brisk an staff, judges, contest
promoter and their f amilita art ineligible, latter be.
com tha property of the Daily Nebraalian and cannot
bo returned.
m.
K
llil
Vv3
1 '
OMNI EGfeiS
Hon. $100 32-oz, Beer AH Night
Tuos. Udies'Bar Drinks 12 Price
Wed, $100 32-oz, Beer All Night
Thur, WPM. UpsfdeDown
Margaritas $1D0
Frio 4-8 PM 12 Price Bar Drinks
$100 32-oz.Becr,
While TTiey Last
819 "O" St, Undar th Viaduct 474-4377
Foundation president:
mo plan to return gold
By Mary Louise Knapp
NU Foundation president Harold Ilaynie said
Monday the foundation has no immediate plans
for disposal of 1300 South African Krugerrands
donated to the foundation last week.
The gold coins are the subject of controversy
among some UNL black students, who say the coins
are a symbol of South Africa's apartheid govern
ment, which is designed to prevent equality for
blacks.
Representatives from the African Peoples Union
have called for immediate return of the coins to
the donor, but Ilaynie said Monday afternoon
that he had not yet been approached by the student
organization. .
"1 see no reason for us to give the coins back,n
Ilaynie said.
The coins, worth about $1 million, now are in
a Lincoln bank,
NU Foundation Chairman Woody Yarner was
not available for comment Monday,
The NU Foundation solicits, accepts and
manages private funds for the benefit of the three
NU campuses. The gold coins, wee a gift from a
1923 NU graduate,
Funds from the NU Foundation are channeled
into many areas, including scholarships, buildings,
research funds and professorships,
"In many respects, we are like a trust-departs
ment," Ilaynie said, "However, we have no trust
powers, We spend the monies, that we receive ac
cording to the terms and conditions specified by
the donor,"
Haynie estimated that the foundation has ap
proximately $50 million both in finances under
Us direct control and management and in other
agencies such as banks and trust funds, in which
the foundation has vested interest,
The foundation is. composed of a 300-member
Board of Trustees, a 27-2& member board of dir
ectors, which makes policy, and a nine-member
executive committee which oversees the every-'
day business of the foundation.
7:30- aw, ASUN Breakfast,
Regency Suite A
7;30 ajn, CBA 'B" Week
Breakfast , Heritage Room
ALL DAY CBA Advisory
Board B Week HDQTS, 216
9 pjn, Admissions, 232
U;3Q wn, MJT Week
Luncheon, Georgian Suite A
12 p.m, Admissions- Lunch
eon, Georgian Suite B
4-5 pjn, Elementary
; Education-Student Teach
ers,The Rostrum ,
. - .
4;30-6 pjn, University
Bookstore, Regency Suite B
5 pjn, Tassels, 232 t
5- 6 pjn, Corn Cobs, The
Cellars
N
6-9 pjn. Multi Cultural
Affairs Tutoring,225
6:30 pin, 'BM Week
Dinner, Ballroon
6:303 pjn, Baptist Student
Union, The Rostrum
7U pjn, ASUN Comm..
For Fees Allocation,
Regency A
7- 8 pjn, ASUN Facilities &
Services Comm, 401
7;30-10:3Q pjn. Math
Counselors, 225 B-C
8-9:30 pjn, Lutheran
Collegian, 323
8; 15-10 pjn, Navigators,
402 ;
,5:30-8:30 pjn,
Heritage Room
6-7;30 pjn, Angel Flight Ice
.Cream Social, Harvest
Room A :, :
6-7 pjn, Teachers College
Advisory Board, The Cellar
9 pjn, Nebr, Union
UPC City, Planning . Committee,
. Georgian Suite B
"BM Week Display, Main
Lounge .
Booths:
1A-Kappa Sigma
2A-PhfCW Theta
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