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Energy Crisis / Simon #230768

CBS Evening News for Monday, Jan 14, 1974
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(Studio) Senator William Proxmire heads joint Congress subcommittee investigating energy crisis.
REPORTER: Walter Cronkite

(DC) Energy chief William Simon assures committee energy crisis is real. [SIMON - admits mandatory rpting. systems needed for oil companies to release profits and supply data.] Questioned about retail prices. [SIMON - says 55% of domestic oil consumption not controlled by government prices.] [PROXMIRE - asks Simon about limit on prices at gasoline pumps.] [SIMON - hedges question. Doesn't think price will jump to 70 cents per gal.] [Consumer advocate Ralph NADER - believes energy crisis for consumers exists, but no shortage exists. Oil companies in collusion with government to make quick profit.] President meets with Simon to review energy situation.
REPORTER: Nelson Benton

Benton, Nelson;
Cronkite, Walter

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