CBS Evening News for Thursday, Jul 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) Upturn in econ, indicated. House passes bill to extend price control on most domestic oil and rollback other oil prices. Senator Interior Committee rejects Ford's plan to phase out controls on "old" oil. Democrats charge plan would unfairly raise gasoline prices. Execs. of 7 oil companies deny gasoline price hike came after phony shortage.
REPORTER: Walter Cronkite
(DC) Charts show rise in prices and drop in gasoline stks. [Standard Oil of IN George MYERS - says no gasoline shortage. Can supply customers during coming year] [Exxon L.G. RAWL - says don't cut back on refinery runs to up price.] [Mobil Allen MURRAY - never connived with other companies] Senators Henry Jackson and Adlai Stevenson say never charged companies with conspiracy. Senator Lowell Weicker says Senators did. [WEICKER - asks Jackson for proof.] [JACKSON - cites charts as proof.] Execs. blame cutbacks on under-est. of demand, routine maintenance, government regulation, price rises on incrd. costs and import tariff.
REPORTER: Neil Strawser
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.