CBS Evening News for Monday, Mar 17, 1975
View other clips in this broadcast →
Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.
(Studio) Supreme Court rules unanimously federal government not states owns offshore oil deposits. Decision clears way for administration to lease these offshore oil deposits.
REPORTER: Roger Mudd
(DC) Geologists estimate area covered by court's decision may hold 20 billion barrels of oil. [Secretary of Interior Rogers MORTON - anticipates revenue from offshore to be $5-6 billion per year Govt. now considering sharing revenue with states.] Protection of environmental is another controversial issue in this matter. [MORTON - says environmental must be protected in any development] Atlantic coast govs. not surprised by decision, but all are disappointed. [Governor Brendan BYRNE - thinks states should be fairly compensated for their offshore oil interests.]
REPORTER: Nelson Benton
Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.
Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:
If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.