2
Friday, April 4, 1986
From Page One
University Daily Kansan
5
Oil
Continued from p. 1
condition," Daicoff said.
The oil industry received its break with a tax of only about 4 percent, exemptions for small producers and not been taxed until 1983 when almost all of the state's available oil already had been produced, Solbach said.
Last November, a barrel of oil cost $26, and the value of the taxable oil production income for the state was $125 million, Collins said. With a drop to $15 a barrel, the taxable income drops to $71 million.
Of the taxable amount, the state usually receives 4.3 percent, Collins 3.5 percent.
The price of oil doesn't affect production, he said, so producers are faced with a loss in profits or a total shutdown.
The tax gives exemptions to owners of wells that produce under a certain rate of barrels a day, Collins said. Under the severance tax, it is now no longer economical for some producers to keep operating their wells.
About 24 percent of the overall production has qualified for the exemption.
The solution and compromise probably will be to increase the rate of production that qualifies for an exemption as the price of oil drops, he said. The state would face a loss of $4 million if exemptions increased.
But more exemptions would keep some producers from shutting the wells off earlier, Collins said. Once a well is sealed, the only way to retap the oil is to drill a new well, which is too costly right now.
The solution to the problem lies in an increase in the sales tax and a temporary modification of the personal income tax, Daiceff said, not in increasing the rate of production that qualifies for an exemption.
Sobach also said the real solution lay in an increased sales tax.
Another problem is that drilling for new oil has decreased by about 50 percent from last year, Collins said. If the prices stay low, production profits from a new well would not offset the cost of discovering and starting it.
Fewer new discoveries would not make up for the natural 8 percent decline in oil production each year, he said. The only way to keep up current production — and current revenues — is to drill new oil wells
If the price of oil stays around $15 a barrel, Collins said, he expects a significant amount of low-producing wells to quit producing altogether.
Less exploration and research naturally leads to less oil production in the state, which also is happening across the country, Daicoff said.
"Kansas is not unique in that sense," Daicoff said.
Plane
speaking anonymously, said earlier yesterday, "We had no suspicion about anyone on the list. That plane left here completely clean."
Continued from p. 1
An anonymous telephone caller in Beirut, Lebanon said an obscure organization called Arab Revolutionary Cells was responsible for planting the bomb. Palestinian sources familiar with terrorist groups said it was a new name being used by Abu Nidal, whom the United States blamed for the Dec. 27 airport massacres in Rome and Vienna.
Although Washington accuses Libya of harboring Abu Nidal, a senior U.S. official said yesterday that Reagan administration analysts
did not think Libyan leader Moammar Khadafy was involved in the TWA bombing.
TWA chairman Carl Icahn said in New York that he would urge the U.S. government to vigorously support the airline's right to supplement host-country screening with its own in high-risk areas abroad. It does not have that right in Rome.
The TWA manager in Rome, the only person there authorized to speak for the airline, was not available yesterday, but airport sources said a company called Flashpol did ground checks for TWA.
Follies
Continued from p. 1
as a laser beam or Soviet missile shooter, Kimber tried to practice his viola, using a fishing pole as a bow. However, he was constantly interrupted. The scene ended with him rushing to a scholarship meeting.
Proposal to shorten finals week rejected
The scholarship meeting resulted in a poker game — with music scholarship allocations as the ante. The skit concluded with paper being dumped all over Kimber he as sang.
The show began at 8:01 p.m. and prices for tickets were $3.01.
Other skits included a "serious" lecture with a surprise pie-throwing ending and a short musical recital as a bathrobe page turner who lost his tuxedo ran frantically between Beth Crawford, associate professor of music, and Alice Downs, assistant professor of music-piano, tried to turn pages and simultaneously play the piano.
By Leslie Hirschbach
Staff writer
Staff writer
The discussion to shorten the final exam period from eight to six days, with more exams each day, was put to rest by the University Council yesterday.
The proposal, brought to the committee by the University Senate Calendar Committee, was unanimously rejected. The University Senate Executive Committee also rejected the proposal Tuesday.
Final examinations would have been rescheduled from the present eight days with three exams a day to six days with four exams a day. The exams, however, would have remained three hours long.
"It think it would be considered cruel and unusual," said Gordon Woods, member of Student Senate and University Council.
Ted Frederickson, assistant professor of journalism and member of the calendar committee, said the new schedule would have enabled the University to start later in the fall and end earlier in the spring.
It also would have provided more time in the classroom for teachers and studet.ts, he said.
Stephanie Quincy, Jola junior, said,
"I'm willing to stay up here a few
days longer if it means a better grade
for myself.'
The Council also rejected a proposal to change the name of stop day to "study and review day."
Dick Tracy, chairman of the calendar committee, said, "I think study and review day better reflects what is supposed to go on that day."
Although SenEx passed the name change last month, some members doubted people would use the new name because stop day had become part of campus vocabulary.
The council also approved a proposal by SenEx that stop day always be on a weekday and passed a motion that SenEx and the calendar committee would consider next year adding a holiday between the start of school and Thanksgiving break.
In other action, the council approved a proposal by the parking board of appeals to change the name of the board to "court" and the names of chairmen to "chief justices."
Proponents argued that the name change would be incentive for first year law students to volunteer.
The title as a real "court." they said, would be attractive to students who wanted to argue real cases.
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