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Oil Shortage / Cos.' Figures #230823

CBS Evening News for Wednesday, Jan 16, 1974
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(Studio) Credibility of oil companies' figures come under question at Congress committee hearing.
REPORTER: Walter Cronkite

(DC) [Consumer advocate Lee WHITE - believes government should exercise power against oil companies to obtain true figures with regard to production, supplies, costs etc.] Open suspicion of energy crisis exists. [Oil author Christopher RAND - insists administration and oil industry make petroleum products' shortage much worse than it really is.] [Martin LOBEL - believes shortage manipulated by oil companies] [Representative Silvio CONTE - thinks oil companies should consider cutting immense profits.] Exxon official defends oil companies and oil industry bitterly.
REPORTER: Bernard Shaw

Cronkite, Walter;
Shaw, Bernard

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