Business Services Industry
San Antonio, Texas, Refiner Claims Pentagon Owes $143 Million for Jet Fuel.
Knight Ridder/Tribune Business News, July, 2002
By Greg Jefferson, San Antonio Express-News Knight Ridder/Tribune Business News
Jul. 12--Tesoro Petroleum Corp. filed a multimillion-dollar lawsuit last month that accuses the Pentagon of underpaying for the company's jet fuel over a 16-year period.
The San Antonio refiner's complaint, seeking more than $143 million plus interest, is similar to others filed by refiners who contend they were cheated under contracts with the Defense Energy Support Center.
Tesoro is "essentially saying that the government underpaid for the jet fuel from the early '80s on," said David Leonard, general counsel for the company's Hawaii unit.
The dispute centers on fuel sold to the government from Tesoro's two refineries in Alaska and Hawaii from 1983 to...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
