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Synthetic Fuels Corp. #287886

CBS Evening News for Thursday, Dec 01, 1983
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(Studio) Background to formation of Synthetic Fuels Corporation by government recalled.
REPORTER: Dan Rather

(Beulah, North Dakota) Major synthetic fuels plant opening near Bismarck and economy implications for taxpayer due to lack of demand for synthetic gas examined. [Plant manager Mike MUJADIN - notes amount of coal in region.] Pvt. investors in project noted threatening to pull out due to potential losses. [MUJADIN - explains investors' situation.] Consortium's demands for federal bailout outlined on screen, discussed; Synthetic Fuels Corp.'s rejection of plant's demand for more government aid in October recalled. [Consumer advocate Edwin ROTHSCHILD - agrees with government; explains.] Synfuels Corporation reported reversing its hardline stance against North Dakota plant today; details given.
REPORTER: Ned Potter

Reporter(s):
Potter, Ned;
Rather, Dan
Duration:
00:02:50

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