OIL NATIONSâ CASH SURGING INTO U.S.
number of commercial bankers, brokerage officials and economists note substantially larger amt of surplus oil revenues that came into US in âČ74, predicting sharp increase in revenues for âČ75; say investments of petrodollars could reach $20â to $30âbillion; Merrill Lynch vice chmn Eugene J Sherman expects oilâexporting nations to buy at least $10âbillion worth of US Treas securities; he and other execs say banks around world are saturated with shortâterm petrodollars (S)