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Energy Shortage / Oil Hearings #230954

CBS Evening News for Wednesday, Jan 23, 1974
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(Studio) Senator Henry Jackson reports oil hearings turn up no evidence of oil companies' creating energy crisis, but windfall profits were made. Exxon reports `73 profits up 60% from `72. As background, President sends energy message to Congress
REPORTER: Walter Cronkite

(DC) Proposals incld. in energy message reviewed. Environmentalists angry over proposal to use coal in some power plants. [NIXON - outlines portions of energy message.] Energy czar William Simon urges Congress to go along with proposal allowing oil companies to reinvest profits in search for new fuel sources.
REPORTER: Dan Rather

(Studio) Interior Secretary Rogers Morton signs permit for construction of AK pipeline. Commerce Secretary Fred. Dent announces placement of export quotas on gasoline and other petroleum products.
REPORTER: Walter Cronkite

Cronkite, Walter;
Rather, Dan

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