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High Cost of Cheap Oil (Part III) #102143

ABC Evening News for Wednesday, Apr 23, 1986
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(Studio: Peter Jennings) Report introduced.

(Mexico City, Mexico: Jim Wooten) Econ. and soc. impact of falling oil prices on Mexico and implications for United States economy examined; scenes shown. [Pol. scientist Manuel GARCIA y Griega - cites economy strain on Mexico.] [Econ. Fred BERGSTEN - believes foreign banks will save Mexico.] [Goldman and Sachs Company vice president Robert HORMATS -expects soc. and political pressures harmful to United States to occur in Mexico as its economy falls.] Cost of last year's Mexico City earthquake to government of President Miguel de la Madrid recalled. [National action party spokesperson Jose Angel CONCHELLO - accuses government of wasting cntry.'s oil wealth.] [Workers party spokesperson Herbert CASTILLO - notes the poor bear the burden.] [GARCIA y Griega - comments.] De la Madrid's dilemma explained.

Jennings, Peter;
Wooten, Jim

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