b'100 Years: 1920-2020 This Quarter35 years agoin Historycontinued. February, March and April Events to Rememberpolitical countries in the Middle East, but traditional alliesThe petroleum like Canada and the Netherlands. Less than 2% came frommarketing industry Persian Gulf nations. On January 28, 1981, President Reagan(American Oil, lifted the nine-year price control lid on crude oil and refinedContinental Oil, petroleum products. Following that action, retail gasolinePhillips Petroleum, prices declined from $1.39 a gallon in March l981 to $1.18(July 13) Live Aid pop concerts in Philadelphia, PennsylvaniaStandard of California a gallon in December 1984. Gasoline prices were more thanand London raised over 50,000,000 for famine relief inand Texaco) donated 17% lower in March than in January 1981. As of October 1984,Ethiopia. The English rock band Queen performed at Wembleytheir time and services Alaskas oil production averaged 1.7 million barrels of oil perStadium in London for over 20 minutes. Queens performanceto a vocational day, second only to Texas at 2.4 million barrels per day. Duringat the event was recreatedprogram for high the mid-19th century, wood accounted for more than 90% ofin the 2018 film school seniors 17-18May 1970 IOMN Cover Clip the U.S. energy supply. In 1984, a barrel of crude oil containedBohemian Rhapsody. years of age. Classes were conducted on sales, administration 42 gallons. 48% of this barrel went into gasoline, 21%Vice President George H.and accounting, inventory control and station maintenance. distillate fuel (home heating and diesel fuel), 8% jet fuel, 9%W. Bush served as ActingStudents who passed the course received full high school residual fuel (utilities, industry etc.), 2% liquefied petroleumPresident for eight hours,credits towards graduation. More than 50% of the students products, and 18% all other petroleum products. This totaledwhile President Ronald W.enrolled in the program were hired for full time summer work. 104%, which was a result of a volumetric gain of 4% in theReagan underwentrefining process. The Office of Hearings and Appeals branchcolon cancer surgery.of the DOE filed a claim against Mobil Oil Company totaling(July 20) The main ship wreck site of the Spanish galleonIOMA President M. Ted Karren (MTK) over $29 million in overcharges from January 1, 1973 to JulyNuestra Seora de Atocha (which sunk in 1622) was found fortyof Karren Oil Company in Logan, UT. 1, 1976. Congress had growing support for an oil import taxmiles off the coast of Key West, Florida by treasure hunters whoThe Oil Marketers in your areas have in an effort to balance the budget. PMAA opposed this tax onbegin to excavate $400,000,000 in coins and silver. few, if any, problems . there are several the grounds it was discriminatory, regressive, hurt the overall(July 24) Commodore launched the Amiga personal computerhundred small businessmen in the oil economy, created competitive imbalances, penalized our alliesat the Lincoln Center in New York City. marketing business who are opposed and represented a transfer of income from consumers to oil50 Years Ago to this kind of thinking and will stand and gas producers. solidly together at election time. You may not think you have the 1985 (July 3) Back to the Future opened in American theatres1970 [MAY Intermountain Oil Marketers News (IOMN)]time or do not want to become involved, but, you will be involved and ended up being the highest-grossing film of 1985 in theAbout the cover: A group of students who attend evening classesin paying higher taxes if you vote for the man who does not have U.S., and the first film in the successful franchise. for the Service Station Training Program at Ogden High School. the slightest interest in your business at heart.continued on page 50Associate NewsKEY POINTS of Income ProtectionIn todays world, business owners have more on their platesRenewabilityCan the insurance company change the than ever before. Balancing customer, supplier, and employeepremium or benefits after the policy is in force? A non-demands with personal and family commitments can be a chal- cancelable policy guarantees the insurer cannot modify the lenge. As long as you have the ability to go into work each daypolicy in the future.and earn a living, you are able to provide for your employeesRehabilitation BenefitOccupational training may be and family. However, what would happen if you became sick orprovided to help an insured return to work in their own injured and could no longer work? How would you ensure a con- occupation or one for which they are reasonably suited.tinued stream of income and support your family while keeping your business running? Partial DisabilityWhat happens if the insured can still work Without a plan to protect your income, you may be putting thepart time? The ability to work limited hours and still receive a future of your business and family in jeopardy. A disabilitybenefit can be desirable. insurance policy can offer peace of mind by providing monthlyAdditional BenefitsDisability policies can also offer custom income if you are unable to work due to an injury or illness.riders that can expand or improve the existing benefits.When choosing a policy to protect your income, there are several key characteristics to consider. Published Date: May 18, 2020Help protect your most valuable assetthe ability to earn an income. Contact One of the most important features of a disability policy is theyour local Federated representative to discuss ways Federated can help you ad-definition of disability. Some products are based on the indi- dress the catastrophic impact of a disability.viduals inability to work at their specific occupation, and someThis article is for general information and risk prevention recommendations only are based on the inability to work at any occupation for which theand should not be considered legal, coverage, financial, tax, or medical advice. individual is reasonably qualified. Generally, a policy that basesThe information may be subject to regulations and restrictions in your state. There the disability benefit on whether you can performis no guarantee following these recommendations will help reduce or eliminate your regular own occupation is preferable to one that uses anlosses. The information is accurate as of its publication date and is subject to change. Qualified counsel should be sought regarding questions specific to your any occupation definition. Here are some other key things tocircumstances. All rights reserved.look for: SWPMA News / Summer 202047'