Search the Archive

Energy Crisis, Part3 #225450

CBS Evening News for Friday, Jan 26, 1973
View other clips in this broadcast →

Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.

(Studio) In 3rd report on energy crisis, role of oil industry examined.
REPORTER: Walter Cronkite

(No location given) 25 major oil companies exist. Oil companies control 72% cntry.'s natural gas, 50% coal, 80% uranium, 84% refining capacity. [Congress Neal SMITH - says anticompetitive effect results from organization oil companies] Oil companies have always had close relationship with DC. Men from oil states, such as Robert Kerr from OK, Sam Rayburn and L.B. Johnson from Texas, have represented oil interests in Congress Claude Brinegar, Trans. Secretary designate, comes from Union Oil. Oil men are in sensitive positions in Interior Department Dep. undersecretary Interior in charge of energy policy used to work for Humble Oil. Last 4 directors Office Oil and Gas came from industry and returned to it. Interior Secretary Rogers Morton tells reporter Robert Schakne this is not a bad thing. [MORTON - says to deal with technical problems must have technically qualified people.] [Ford Foundation's South David FREEMAN - says oil companies have had monopoly in influencing United States energy policy.]
REPORTER: Walter Cronkite

(DC) Oil invests more in American politics than any other industry. Oil companies have highly favorable tax arrangements with government Oil companies having investments in Mideast influence United States policy there.
REPORTER: Dan Rather

(Studio) In 4th report CBS will look at policies successfully promoted by oil interests and how these policies have contributed to energy crisis.
REPORTER: Walter Cronkite

Cronkite, Walter;
Rather, Dan

Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.

Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.