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Oil Negotiations #215198

CBS Evening News for Wednesday, Feb 03, 1971
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(Studio) Persian Gulf oil producing cntrys. demanding oil price increase from $1.00 per barrel to $1.25 per barrel; threatening to pass laws to put increases into effect.
REPORTER: Walter Cronkite

(Iran) Persian Gulf ntns. negotiating with over 20 interntl. oil companies Ntns. hold upper hand due to high oil demand; ntns. presently recing. about 1/2 United States price per barrelationship Ntns. hoping to gain control of entire oil industry
REPORTER: Bill McLaughlin

Cronkite, Walter;
McLaughlin, Bill

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