CBS Evening News for Thursday, Jan 10, 1974
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(Studio) Admin.'s top policy analyst dealing with oil shortage, William Johnson, says shortage may not be as severe as predicted, but fuel crisis still exists. Energy chief William Simon states federal teams to audit records of all nation's refineries to get facts with regard to oil availability. Texaco releases statistics on its inventories; results outlined. Simon and Secretary of State Henry Kissinger hold news conf., focusing on worldwide energy crisis.
REPORTER: Walter Cronkite
(DC) Kissinger outlines plans for conference of oil-consuming nations, and later, oil-producing nations. If cooperative effort fails, economy catastrophe is real possibility. [KISSINGER - thinks unrestricted bilateral competition to be ruinous for all cntrys. concerned.] Kissinger leaves for Mid. E. tonight. [KISSINGER - hopes to transform general ideas into concrete proposal. After proposal in existence, serious negotiations between Israel and Egypt hoped for on troop disengagement.]
REPORTER: Marvin Kalb
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