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Energy Shortage / Major Oil Cos. #229490

CBS Evening News for Wednesday, Jul 18, 1973
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(Studio) FTC (Federal Trade Commission) says 8 major oils companies involved in antitrust complaint should cut back on refinery operations.
REPORTER: Roger Mudd

(Houston, Texas) Oil companies say not enough oil produced for high demand. Some people think oil companies contrived gas shortage to keep supply low and prices high. Trust busting 1973 style wanted by many organization and individuals. FTC (Federal Trade Commission) wants majors to get out of oil refining business. FTC claims large companies have monopoly on oil from the well to the pump. [Shell Oil Company President Harry BRIDGES - says no oil company monopoly exists. Serious energy problem in effect. Oil industry trying to solve those problems.]
REPORTER: Bernard Goldberg

Reporter(s):
Goldberg, Bernard;
Mudd, Roger
Duration:
00:02:10

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