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Arab Oil Power #230610

CBS Evening News for Monday, Sep 03, 1973
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(Studio) Arab oil exporting cntrys. to begin talks in Kuwait tomorrow to decide on common oil policy.
REPORTER: Walter Cronkite

(Kuwait) Arab power rests on oil and West need for Middle E. oil. [UN Arab League representative Talib El SHIBIB - feels Arab states to be forced to use oil as political weapon against United States to stop Israeli support in Middle E. conflict.] [Middle E. economy survey editor Ian SEYMOUR - reacts to former President Harry Truman's remark with regard to Arab oil and United States votes. Arab oil to be worth billions of votes in coming years to US.] Kuwait allows own derricks to rust; oil to be more valuable in few years to US. West world must adjust to Arab power.
REPORTER: Bill McLaughlin (Arabian American Oil Company film)

Cronkite, Walter;
McLaughlin, Bill

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