Reagan Urges Sale of Conrail To Private Railroads
Washington AP Reagan administration calls for immediate breakup of Conrail the government financed rail freight service serving the Northeast and Midwest. Federal Railroad Administrator Blanchette testifies that northeast rail service should be integrated with the nation and sold to private railroads to overcome hurdles in passenger service corridor freight terminal costs and labor protections.
MENTIONED IN THIS ARTICLE
Washington
Consolidated Rail Corporation
Northeast
Midwest
Senate Commerce Committee
Robert W. Blanchette
Transportation Department
Conrail
Simon Pushes Delay in Area Closing Rail Line
Rep. Paul Simon says he will formally ask Conrail not to abandon the 143 mile Cairo to Lawrenceville rail line until a private railroad agrees to purchase it. He will join the proceedings as a party of record if a hearing occurs, noting negotiations with five private railroads and about 30 000 carloads of coal plus 8 000 carloads of other cargo move over the line yearly. Blanchette cites April 1 for a presidential recommendation, warning the federal subsidy level must favor a private sector solution. Conrail has required large federal aid since 1976 and faces potential funding gaps without a private purchase or labor concessions.
MENTIONED IN THIS ARTICLE
Cairo
Southern Illinois
Paul Simon
D-Carbondale
Conrail
Simon
Interstate Commerce Commission Con
Lawrenceville
Congress
Penn Central
Northeast
Exxon reports reserves up after revisions and new finds
Exxon Corp reports its combined proven oil and gas reserves rose to 7.7 billion barrels at end 1980 from 7.27 billion a year earlier. Gas reserves rose to 47.24 trillion cubic feet from 47.0. Production worldwide declined, slower than prior years, with US output steady and international production down 11 percent due to strikes and slower work.
MENTIONED IN THIS ARTICLE
New York Times
Exxon Corp
Exxon
Canada
Norway
Qatar
United States
Alaska
Australia
Saudi Arabia
Settlement sought in oil overcharges dispute
The Energy Department invited oil marketers facing about 267 million dollars in overcharge allegations to settle for 30 to 50 cents on the dollar. The plan aims to deliver about 100 million in direct refunds and escrow payments, with distribution uncertain for customers lacking purchase records. Most beneficiaries would be small jobbers rather than average gasoline users.
MENTIONED IN THIS ARTICLE
Washington Star
Washington
Energy Department
Department
Congress
DOE
Toby Moffett
Democrat
Connecticut
House
Government Operations Subcommittee On Energy
Albert Gore
D-Tenn
House Energy Committee
Also Mentioned on This Page
Reagan
Blanchette
L. Stanley Crane
Gordon W. Harvey
Office of Enforcement
Carters
Carbondale Savings and Loan Association
Carbondale
W. Main
A Rani
Diederich Real Estate
Sears
Murphysboro
OPP Furniture
North Emma Christopher, Illinois
Jani B
Dick Opp
Maths Choice
N. Emma Quantities Limited
Christopher
Retail Consultants OF America
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