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Iraq Invasion of Kuwait / Oil Prices: US, Japan #130616

ABC Evening News for Tuesday, Aug 07, 1990
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(Studio: Peter Jennings) Statement from Representative Philip Sharp about oil and greed noted.

(New York: Bob Jamieson) Increase in gasoline prices since Iraq's invasion of Kuwait examined; gas station scenes shown and prices cited. [Three CONSUMERS - complain.] [Consumer official Bob GREEN - says big oil is using Iraqi President Saddam Hussein to pick consumers' pockets.] [Attorney General Richard THORNBURGH - says government will act against price-fixing.] [Texaco president Glenn TILTON - comments on market prices.] Oil companies' suggestion that environmental regulations be relaxed to allow offshore drilling noted. [Senator Richard BRYAN - comments.]

(Studio: Peter Jennings) Report introduced.

(Tokyo: Mark Litke) Reaction in Japan to current oil crisis examined; details given of Japanese system to deal with nation's energy problems. [Bank of Japan Keikichi HONDA - says Japanese economy has overcome over-reliance on oil.]

Jamieson, Bob;
Jennings, Peter;
Litke, Mark

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