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(Studio) Concern increases over possible heating oil shortages for winter mos.
REPORTER: Walter Cronkite
(DC) Oil reserves now at lowest point. Differing explanations outlined. [Independent oil dealer Joseph ACKELL - believes Congress must decide if profits for major oil companies more important than American people.] [Mobil Oil Company Harry BADE - insists fuel oil available in open market to independents.] Independents can't pay price; many may go out of business. New Englanders to suffer because fuel bought from independents rather than majors. Congress proposes mandatory allocation of fuels to assure home fuel supply for everyone. [Senator Henry JACKSON - believes fuel distribution must be more equitable.] [BADE - believes if shortage occurs, priorities for fuel should be set up and rationing stamps should be issued.] More oil for fuel must come from Europe. Propane in short supply in rural area. [Farmer Robert STEGMAIR - says propane available to him will only cover 1/2 of needs.] Propane gas plays part in natural gas supply also. Nixon admin.'s plans outlined to increase fuel for winter.
REPORTER: George Herman
- Cronkite, Walter;
- Herman, George
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