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Arab Oil / United States / Japan #23368

ABC Evening News for Friday, Oct 19, 1973
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(Studio) Libya, Mid E. oil producer, halts all exports of oil and oil products to United States to curb United States aid to Israel. Oil cutoff to hurt United States and West Europe but disastrous for Japan. Japan seeks international help in bargaining against reductions in Arab oil production.
REPORTER: Harry Reasoner

(Shingu, Japan) Japanese acknowledge high cost of gasoline, but few complain. Standby rationing plans available for gasoline and oil products if oil cutoffs occur. Japan must import 99% oil; no oil available in country Japanese economy to be greatly affected by Mid E. war or oil war that may follow.
REPORTER: Irv Chapman

Reporter(s):
Chapman, Irv;
Reasoner, Harry
Duration:
00:01:40

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