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Press Conference / President / Fuel Crisis #233092

CBS Evening News for Tuesday, Feb 26, 1974
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(Studio) President' statement with regard to fuel crisis stirs up controversy. [PRES. - states gasoline rationing won't be needed, most likely. Crisis has passed, but not problem.]
REPORTER: Walter Cronkite

(DC) Energy chief William Simon appears before Senate subcommittee to clarify President' statements. [Senator Henry JACKSON - questions fuel conservation program if crisis over.] [SIMON - says President referred to crisis being over for long lines at gasoline stations] [JACKSON - criticizes President' use of words during press conf.] Senators Jacob Javits and Jackson say Simon and FEO should make all evaluations on energy situation to restore credibility.
REPORTER: Nelson Benton

(Studio) Senate Majority Leader Mike Mansfield urges gasoline rationing be instituted immediately. Some oil execs. on panel advising Interior Department say rationing inevitable if allocation system doesn't work out; unemployment figures to rise if more petroleum imports don't reach US. Many Virginia and West Virginia coal mines closed because gasoline unavailable for workers to reach mine.
REPORTER: Walter Cronkite

Benton, Nelson;
Cronkite, Walter

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