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Steel / Price Incrs. / Oil Drilling Plans #24026

ABC Evening News for Monday, Dec 10, 1973
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(Studio) Cost of Living Council to hold hearings with regard to proposed price increases by big steel companies Exs. of products requesting increase outlined. Shortage of same steel items has impact on oil industry
REPORTER: Howard K. Smith

(Houston, Texas) Pipe shortage delays oil drilling programs. [Adobe Oil Company Vice President Jim LACEY - uses substitutes for pipe; drilling seriously restricted.] Labor, along with steel, in short supply. Oilmen claim 2 reasons exist for steel shortage. Reasons outlined. [Pipe supplier Mike McEVOY - explains why he can't sell pipe to potential buyers.]
REPORTER: Bill Wordham

Reporter(s):
Smith, Howard K.;
Wordham, Bill
Duration:
00:02:50

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