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(Studio) President' top economy adviser Herbert Stein says oil shortage may not be as critical as expected, although energy crisis dire. Stein outlines grave economy outlook because of energy crisis. Exs. of poor economy picture for `74 outlined, incling. fuel costs, unemployment, cost of living. President of American Petroleum Institute Frank Ikard states energy crisis real; Americans must learn to conserve. Govt. announces plans to set up car pools in metropolitan areas.
REPORTER: Walter Cronkite
- Cronkite, Walter
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