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Energy Crisis / Major Oil Cos. #226980

CBS Evening News for Tuesday, Dec 04, 1973
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(Studio) Simon's office faces problem. United States relies on oil industry to supply it with information with regard to amts. of energy available.
REPORTER: Walter Cronkite

(NYC) Questions reviewed that can be answered only by oil industry re: energy resources. [Senator Henry JACKSON - views oil industry's complete dominance over crucial knowledge disgusting. Govt. relies on oil industry for its info.] [Atlantic Richfield board chairperson Robert ANDERSON - believes DC supplied with all facts and figures usable.] Sometimes, no figures available from oil companies [California legislator Kenneth CORY - says Exxon refuses to supply California with info with regard to refining costs in California. Mobil, Union Oil also refuse info.] Secrecy also problem with natural gas. Most costs regulated by Federal Power Commission based on figures supplied by oil companies [Federal Power Commission George DONKIN - cites instances of oil companies lying about reserves.] [Senator Philip HART - believes oil companies after profit, no matter what actions necessary.]
REPORTER: Mitchell Krauss

Reporter(s):
Cronkite, Walter;
Krauss, Mitchell
Duration:
00:03:40

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