10 ● THE UNIVERSITY DAILY KANSAN NEWS WEDNESDAY, JUNE 30, 2004 LIBERTY HALL CINEMA A44 massachusetts • patterson 786 749 1912 • www.airports.org FAHRENHEIT 9/11 R WED: (4:30) 7:00 9:30 THU: (4:30) 7:00 9:30 FRI: (4:15) 7:00 9:45 SAT: (1:45) (4:15) 7:00 9:45 SUN: (1:48) 4:15:700 MON: 4:16 7:00 9:45 TUE: 4:17 7:00 9:45 SUPER SIZE ME WED: 7:10 9:40 THU: 7:10 9:40 FRI : (4:30) 7:10 9:30 SAT: (2:00) (4:30) 7:10 9:30 SUN: (2:00) (4:30) 7:10 MON: (4:30) 7:10 8:30 TUE: (4:30) 7:10 9:30 ADULTS $7.60 • (MATINEE) SENIOR, CHILDREN $4.60 STUDENT PRICES WED-THUR ONLY $4.60 News from Iraq may cut oil prices The Associated Press WASHINGTON The price of oil sank to a two-month low Monday, as supply concerns eased and traders bet that the transfer of political power in Iraq would reduce attacks against the country's oil infrastructure. But energy analysts were skeptical that the transfer of sovereignty, from the U.S.-led Coalition Provisional Authority to an interim Iraqi government, would quell opposition groups. While the news out of Iraq helped to drive the price of New York Mercantile Exchange oil to its lowest level since April 7, analysts said it was only a marginal factor and that a drop in prices was expected anyway on Monday for a variety of reasons. The earlier-than-expected political transfer in Iraq just fed the momentum, Robert Ebel, chairman of the energy program at the Center for Strategic and International Studies in Washington, said speculators appear to have used the handover as a reason to hedge their bets. said Phil Flynn, an analyst at Alaron Trading Corp. in Chicago. "I think the traders are really taking the news (of the power transfer in Iraq) as 'Boy, this may have some of the opposition in Iraq think twice before they start attacking oil pipelines,'" Flynn said. "Now, instead of attacking the U.S. coalition, they're attacking the Iraq government." Still, there remains considerable nervousness in the market that terrorists might attack oil targets in Iraq, Saudi Arabia and elsewhere in the Middle East. Analysts said there exists a "terror premium" of at least several dollars per barrel to the price of oil. And because of limited refining capacity in the United States, analysts said more oil on the global market does not necessarily mean the nation's supply of gasoline would increase significantly or that prices would drop dramatically. While the retail price of gasoline has fallen in recent weeks, the average cost at the pump nationwide is about $1.92 per gallon. SUMMER SPECIALS! Unlimited Tanning 'til 2005 Level 1: $100 High output bed Three great deals! Level 2: $200 Very high output bed TUITION INCREASE The Kansas Board of Regents approved tuition increases for the six state universities last week. Below are the new costs for a 30-credit hour year of school at each.
Percent Increase2003-2004 Tuition2004-2005 Tuition
University of Kansas18$3,526$4,162
Kansas State University17.1$3,510$4,110
Pittsburg State University12$2,350$2,632
Wichita State University9.9$2,866$3,150
Emporia State University9.5$2,200$2,410
Fort Hays State University8.9$2,032$2,214
Source: Board of Regents TUITION: More money from state wanted CONTINUED FROM PAGE 1 and provide service enhancements to current students." Kip Peterson, a spokesman for the Board of Regents, said the group was pleased with the recent education spending initiative in the Legislature, but that this year's increased funding would not be enough to keep the universities competitive. "We are definitely grateful to the governor for laying the groundwork," Peterson said. "It is a step in the right direction, but we still haven't recovered from the recent economic downturn. You can't ignore the fact that overall, the universities are receiving less money than they were in 2001." For students at the University, however, the rationale for the increase may be less important than its impact on their pocketbooks. Chris Dickinson, an incoming freshman from Wichita, said the increases seemed substantial to him. Dickinson will be paying for roughly half of his college education, and worried that the tuition increases might put a strain on his financial resources. "It sounds like maybe I'll have to work more during the summers or get a job during the school year," Dickinson said. "Maybe I'll have to take out a loan." — Edited by Marc Ingber