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(Studio: Peter Jennings ) Decline of oil reserves in Prudhoe Bay, AK, noted. Report introduced.
(NYC: Ken Prewitt) Demand, use and product of oil in American featured; details given of American's active oil wells. [Standard and Poor's Joanne LEGOMSKY - defines oil equation.] [In 1979, President Jimmy CARTER - says American econ. independent is threatened by dependence on foreign oil.] Changing oil import figs. outlined on screen. Impact of OPEC (Organization of Petroleum Exporting Countries) program on oil prices cited. [Shearson Lehman Hutton's Simon TRIMBLE - discusses oil prices.] Impact of demand on gasoline prices cited. [LEGOMSKY - comments.]
- Jennings, Peter;
- Prewitt, Ken
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