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Oil Hearings #230957

CBS Evening News for Wednesday, Jan 23, 1974
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(Studio) Profit question comes up again at 2 Senator hearings.
REPORTER: Walter Cronkite

(DC) [Senator Jacob JAVITS - says oil companies report enormous profits.] [Senator Henry JACKSON - criticizes Exxon executive for not knowing dividend increase from `72 to `73.] Energy chief William Simon testifies at another hearing on windfall profits tax. [SIMON - doesn't think oil company profits out of reason.] [Shell executive Harry BRIDGES - thinks summer will bring serious gasoline shortages.] [Amoco's Richard LEET - admits cutback of gasoline likely during summer.] [Gulf's Z.D. BONNER - restates gasoline shortage probability.]
REPORTER: Nelson Benton

(Studio) Senator Jackson learns some American companies in Saudi Arabia obeyed orders to cut off fuel supplies to United States nil. forces during October's Mid. E. alert. Pentagon declines comment. CBS's Bob Schieffer learns of military sources' confirmation.
REPORTER: Walter Cronkite

Benton, Nelson;
Cronkite, Walter

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