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Energy / Overchging #263886

CBS Evening News for Wednesday, May 02, 1979
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(Studio) Energy Department chgs. against 7 major oil companies with regard to price overchging. and request of payback to customers or Treasury Department reported.
REPORTER: Walter Cronkite

(DC) Refunds required of Texaco, Gulf, Standard of California, Atlantic Richfield, Marathon Oil, Standard of IN, Standard of Ohio listed on screen. Energy Department allegations of oil companies placing certain oil into categories for which they didn't qualify outlined. [Energy Department special cnsl. Paul BLOOM - says there was no willful violation; explains civil violations.] Right of oil companies to contest chgs. within 40 days noted. [Texaco William TELL - says they've complied with regulations.] Gulf Oil's denial of all chgs. stated. Total amount of crude oil pricing violations, as chgd. by Energy Department in past years, compared to amount government has collected.
REPORTER: Nelson Benton

(Studio) Reaction to chgs by Marathon, Standard of Ohio and IN reported.
REPORTER: Walter Cronkite

Reporter(s):
Benton, Nelson;
Cronkite, Walter
Duration:
00:02:30

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