The Battalion. (College Station, Tex.) 1893-current, March 28, 1983, Image 8

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    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.
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“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.
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Lecturer... JEAN D. LOUIS, c.S.
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Subject...
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Time...
Monday, March 28, 1983 at 8:00 pm
Place...
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Auspices of the Christian Science Society
College Station, Texas
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ANNIVERSARY
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