CBS Evening News for Monday, Mar 31, 1975
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(Studio) Congress debates on Elk Hills expected in month or 2.
REPORTER: Walter Cronkite
(Sacramento, California) President wants to open Elk Hills to public production; opponents' objections outlined. [Representative John MOSS - believes White House has blocked Justice Department's antitrust investigation of Standard Oil Company] Standard would stand to gain greatly if Elk Hills goes to public production. [MOSS - doesn't recommend opening up reserves, at least till antitrust question settled.] Moss points out, under President' plan, very cheaply produced oil could be sold by oil companies at very high prices.
REPORTER: Robert Pierpoint
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