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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (March 28, 1983)
Page 8/The Battalion/Monday, March 28,1983 Exxon Corp. questions $895 million liabilty Reagan’s nuclear policy same as previous leaders’ Warpec R£CENT_ INT personal life. United Press WASHINGTON — Exxon Corp. is challenging a federal judge’s opinion that holds the nation’s largest oil company li able for $895 million worth of crude oil overcharges. U.S. District Judge Thomas Flannery said Friday that Exxon had improperly classified oil taken from its Hawkins Fields in Wood County, Texas between 1975 and 1981. Under price control regula tions in effect at the time, U.S. crude oil prices were operated on a two-tier pricing level with old oil prices set at one level and new oil prices set at a higher level. Flannery said Exxon listed old oil from the field near Tyler as new oil. Jack Bennett, spokesman for Exxon in New York, called the judge’s opinion incorrect and unfair and said the company will proceed promptly in the courts to correct this decision. He said Flannery seemed to be applying retroactively regula tions that were not even announced by federal energy officials until almost two years after the investments began. DOUGLAS JEWELRY 15% STUDENT DISCOUNT WITH CURRENT A&M ID (REPAIRS HOT iriCLUDED) Keepsake Registered Diamond Rings PULSAR SEIKO, BULOVA S' CROTON WATCHES AOQIE JEWELRY USE YOUR STUDENT DISCOUNT TO PURCHASE A DIAMOND FOR YOUR CLASS RING (AND LET US SET IT FOR YOU) 212 N. Main Downtown Bryan 822-3119 MC VISA AMD Culpepper Plaza College Station 693-0677 DIMMERS CLUB AM EXPRESS LAYAWAYS IMVITED “Without any doubt the in vestments involved would not have been made if regulations now being used by the court had been in effect at the time,” he said. Flannery said the Houston based company contends the Department of Energy’s over charge calculation of $895 mil lion is grossly inflated but has not challenged the mathematic al accuracy of DOF’s calcula tions nor the accuracy of the underlying data. He ordered Exxon to make payment to the Treasury for the overcharges plus interest but did not set an amount. Depend ing on how the interest on $895 million in overcharges are calcu lated, Exxon’s liability could approach $1 billion. United Press International WASHINGTON — The tone may have changed, but the thrust of the Reagan administra tion’s directives on preparing for nuclear war has remained constant over the past two years. The premise for the direc tives, as stated publicly by De fense Secretary Caspar Wein berger, is that the Soviet Union is gearing up to wage a pro longed nuclear conflict, and the United States must be capable of deterring it. Previous administrations shared much the same view. President Reagan addressed that concern Wednesday in a televised speech calling for de velopment of an advanced mis sile-defense system that one day will make the policy of relying on massive retaliation obsolete. What is not said publicly but is spelled out in secret Pentagon blueprints obtained by United Press International this year and last is that the administration seeks also to make the United States capable of outlasting the Soviets in a nuclear war and win ning it. Although the possibility of a prolonged nuclear exchange be tween the superpowers was accepted by the defense com munity for years before Reagan took office, last year’s defense guidance document is for its inflammatory rl The 1982 paper has m that rhetoric. Concern in Ameria Europe that the belief thatfi ing can continue under al caust of mushroom douds become official govemi policy apparently motivated change in tone of the ne« fense guidance document. Heart inventor optimistic United Press International SALT LAKE CITY — The in ventor of the Jarvik-7 artificial heart predicted the next pump could oe implanted in a patient within a few months and hopes the next recipient will be heal thier than Barney Clark was. “No matter how well the heart did, it could not improve the emphysema,” Dr. Robert Jarvik, inventor of the air driven polyurethane pump, told a gathering of high school science students Friday night. He said Clark’s lungs were the victims of 25 years of smok ing, and the 62-year-old heart patient’s chances of survival would have been enormously better if his lung dysfunction was secondary to the heart dis ease. Doctors earlier said Clark’s emphysema caused the de generative heart disease that led to the historic.Dec. 2 implant of the first permanent artificial heart. Clark died Wednesday of a massive circulatory collapse, United Pres WASHING' arth's ability t te food and ei lecoming inc secondary to a multiorgan tern failure. “Hopefully, everybodyto like to nave a patient who i C, - .. on the brink like Dr. ClarlM a ‘ nas I someone who really needtM owal( L , . 1 because he was going to dit,* t l )l)l t sau . ‘ Il at a time when most of theotj Hie study, systems are in pretty ji shape,” Jarvik said. DELIVERS! For a Hot steaming Pizza — or anything on our Menu. CALL Shiloh Place 693-0035 University Square 846-3412 (after 5 p.m.) ($1 OFF Campus Delivery After 9 p.m. with this Ad.) The Public Is Cordially Invited To Attend A Lecture On Freedom and Christian Healing Lecturer... JEAN D. LOUIS, c.S. of Randburg, Rep. of South Africa Member of the Christian Science Board of Lectureship Subject... “THE LIBERATING POWER OF CHRISTIAN SCIENCE HEALING*’ Time... Monday, March 28, 1983 at 8:00 pm Place... 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It only takes an hour, and it’s free. Don’t miss it. SCHEDULE OF FREE SPEED READING-LESSONS You’ll increase your reading speed up to 1 00% on the spot! Finals Start in Only 7-Weeks! TODAY 4 or 7 p. You still have time to make it! The Community Center 1300 Jersey Across from A&M EVELYN WOOD READING DYNAMICS I © 1978 EVELYN WOOD READING DYNAMICS A URS COMPANY ANNIVERSARY % SALE It has been two years since we opened Diamond Room 707 To celebrate the occasion we are going to have the most spectacular sale in the history of the Diamond Room 10% to 40% OFF Every item in the store is reduced but ONLY FOR SIX DAYS Fri-March 25th thru Thur. March 31st As most of you know a sale at The Diamond Room is a very rare event and we hope you will help us celebrate our anniversary and take advantage of the outstanding values being made available for these six days. Both Locations are participating in this event. As always Mastercard - Visa-American Express are welcome. iamond Room 3731 E. 29th St. — 846-4708 _ Bryan 707 Shopping Vjllage 693-7444 College Station M •PER M Applies # % Mac I §