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(Studio: Carole Simpson) Praise from President Bush for Venezuela for increasing its oil production in the face of oil cutoff from Iraq and Kuwait reported.
(Lake Maracaibo, Venezuela: John Quinones) Oil production in Venezuela examined; scenes shown from oil fields. [American oil consultant O.V. STIDHAM - says it is easy to find oil here.] [Oil analyst Melvin CONANT - says United States can signal Middle East that there are vast resources in Venezuela.] Hope in Caracas, Venezuela, for return to economic boom years of the 1970s explained. [Minister of energy Calestino ARMAS - comments.]
- Quinones, John;
- Simpson, Carole
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