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Oil / Effects On Energy, Economy #238604

CBS Evening News for Friday, Feb 14, 1975
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(Studio) Secretary Int. Rogers Morton says President's tariff on oil imports likely to bring price of gasoline up to 75 cents per gallon Effect of oil shows up in balance of trade figures; `74 deficit of $8 billion recorded. State Department official believes total embargo of Mid. E. oil would, in its econ. effect, be very close to nuclear warfare.
REPORTER: Walter Cronkite

Reporter(s):
Cronkite, Walter
Duration:
00:01:30

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