Fueling frenzy hits Clovis

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CNJ Staff Photo: Andy DeLisleDale Bone of Bard fills his vehicle at Allsup’s on North Prince Street. Bone waited in line for 30 minutes Tuesday to purchase gasoline at $2.29 per gallon. By Sharna Johnson: CNJ Staff Writer The real winner in a price war between two Clovis gas stations is the consumer. Regular unleaded […]

Oil outlook good, contrary to alarmist claims

Walter E. Williams: syndicated columnist “Proven” oil reserves, oil that’s economically and technologically recoverable, are estimated to be more than 1.1 trillion barrels. That’s enough oil, at current usage rates, to fuel the world’s economy for 38 years, according to Leonardo Maugeri, vice president for the Italian energy company ENI. Maugeri provides a wealth of […]

Ex-backup singer befriended Wal-Mart founder

By Don McAlavy: local columnist Wal-Mart broke ground for a store at the North Plains Mall on Jan. 10, 1985. It was the mall’s biggest anchor store. Construction on the Wal-Mart Supercenter at 3728 North Prince St. on the old Charles Sorgen homestead started in 1998. A lake alongside Llano Estacado Boulevard going west from […]

The Beginning, and the End of Wal-Mart?

By Don McAlavy: Local Columnist Sam Walton was born in Kingfish, Okla., on March 29, 1918. He graduated from the University of Missouri in 1940. From there he began his career by opening the first of several Ben Franklin franchises in Arkansas. Finding that he couldn’t manage these franchises as he thought best, he gave […]

Price gouging starts with our lawmakers

By Walter Williams: Syndicated Columnist Here’s what one reader wrote: “Williams, I can understand how the destruction of Hurricane Katrina and Middle East political uncertainty can jack up gasoline prices. But it’s price-gouging for the oil companies to raise the price of all the gasoline already bought and stored before the crisis.” Several other readers […]

Overregulation driving price of gas higher

Freedom Newspapers If only automobiles could run on hot air from politicians bloviating about high gasoline prices. Then we might have something. President Bush is the latest to jump on a bandwagon overcrowded with the likes of Chuck Schumer, Nancy Pelosi, Bill Frist, Dennis Hastert, Arlen Specter, Dianne Feinstein and Arnold Schwarzenegger, announcing a probe […]

Wal-Mart likely to lower banking cost for consumers

Freedom Newspapers Who would have thought that one of the nation’s most successful firms, renowned for helping consumers by offering low prices and decent jobs, would become a lightning rod for so many disgruntled people? Once again, during hearings this week at the Federal Deposit Insurance Corp. in Washington, D.C., we see that mere mention […]

Government meddling causes high drug costs

Freedom Newspapers Our southern border isn’t the only one where drugs come into this country illegally. Thousands of Americans buy prescription medications on the Internet and have them shipped from Canada. They spend less money and most likely get medicine identical to what’s available at the corner pharmacy. Everyone’s a winner. Not exactly. Reimporting medicine […]

Wage increase would restrict growth

By Walter Bradley: Guest columnist Today we are experiencing a vibrant, robust economy. We have growth in jobs, unemployment under 4 percent and higher wages. According to the New Mexico Labor Department, Curry County ranks 18th in the state with an average wage of $11.42 an hour. In polling businesses in our area, the average […]

Removing tax credit will drive up prices

By Keith Gardner: Guest columnist In recognition of higher home heating and fuel costs nationwide, the New Mexico Legislature recently approved a small tax relief package intended to help — at least a little bit — with offsetting those higher energy costs. As your representative, I was proud to support the effort. But the fight […]

Overproduction sours milk prices

By William Thompson: Freedom Newspapers PORTALES — A spokesman for Dairy Farmers of America said area dairy farmers are putting money into a fund that will purchase about 60,000 dairy cows this year in an effort to stabilize milk prices. “In order to keep stable prices we need about 9 million cows,” Walter Bradley said […]

Unexpected revenue no cause for new tax

Freedom Newspapers One can understand a certain fascination with the sheer numbers. ExxonMobil posted a profit of $10.7 billion in the last quarter of 2005 and a profit for the year of around $36 billion. News stories generally featured people who could be depended upon to express appropriate outrage, and a few members of Congress […]

Real price fixing takes place in Congress

By Walter Williams: Syndicated Columnist Since allegations of oil company price-gouging has become topical, let’s look at real price manipulation. Suppose a dairy farmer wants to sell a gallon of milk for 25 cents less than his competitors. Would you want him fined or jailed? Federal Milk Marketing Orders would do just that. Americans pay […]

Prices symptom of inflation, not cause

By Walter Williams: Syndicated Columnist Last month, President Bush nominated Ben S. Bernanke, chairman of the President’s Council of Economic Advisors, as chairman of Federal Reserve Board to replace the retiring Alan Greenspan. Greenspan’s replacement comes at a time of heightened fears of inflation resulting from the recent spike in oil prices. First, let’s decide […]

Windfall tax detrimental to economy

By Walter Williams: Syndicated Columnist In the wake of high gasoline prices and high oil company profits, House Speaker Dennis Hastert demands that oil companies explain why they are making so much money and what they plan to do to bring down the cost of gasoline. Sen. Byron Dorgan, D-N.D., has introduced a 50 percent […]

Drivers keeping eye on fuel prices

By Andy Jackson: CNJ staff writer Deanna Fe Briseno said she doesn’t mind waiting 25 minutes in line to buy gas if it saves her money. The Clovis woman stopped Saturday to buy gas at the Allsup’s on Prince Street, where the cost for regular-unleaded gasoline as much as 17¢ a gallon cheaper than other […]

Diesel fuel prices staying high

By Tonya Garner: CNJ staff writer As regular unleaded gas prices continue falling, diesel fuel remains at a near-record high. According to New Mexico AAA officials, diesel prices are up about 44 percent from last year while gasoline prices are up 22 percent over the same time period. The hurricanes that swept across the Gulf […]

Legislature needs to keep promises made

By Brian Moore: Guest Columnist Earlier this month, the New Mexico Legislature finished a seven-day special session trying to deal with helping New Mexico residents get through this energy crunch. There were several proposals bandied about, dozens of bills, numerous amendments and lots of vigorous discussion. In the end, we figured out a way to […]

Market should determine prices

CNJ Editorial Have you ever found yourself in a situation that seemed like a good idea at one time and no longer does, but extricating yourself presents as many problems as the status quo? If so, you know how the federal government must feel as it tries to end its involvement in tobacco growing. Begun […]

Gas protesters uncertain of results

By Marlena Hartz: CNJ staff writer There is no way to know for sure whether or not Saturday’s grassroots gas boycott was successful, said Katherine Null and Irene Tucker. The neighbors tried their hardest to freeze the fuel flow at local pumps. Fed up with the record-high gas prices, Tucker and Null said they passed […]