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Energy Crisis / President / Cost of Living Council #24159

ABC Evening News for Wednesday, Dec 19, 1973
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(Studio) Senator House conference committee agrees on emergency energy bill, but President may veto bill. Reasons explained. President announces plans to limit oil producers' profits; Cost of Living Council announces plans to increase profits.
REPORTER: Howard K. Smith

(DC) Council director John Dunlop reports barrel of oil price to increase immediately. [DUNLOP - denies action to increase oil producers' profits.] Price increase to affect consumer. Details outlined.
REPORTER: Frank Tomlinson

(DC) President to ask Congress to level stiff tax on windfall oil profits resulting from energy shortage. [PRES. - insists windfall profits aren't fair for average consumer. Believes Americans' cooperation to conserve energy leads to less severe shortage.] Reliable sources say gasoline buying on incr.; proposal being considered to ration 8 gals. of gasoline for 1st car; 5 gals. for 2nd car.
REPORTER: Jerry Landay

Reporter(s):
Landay, Jerry;
Smith, Howard K.;
Tomlinson, Frank
Duration:
00:03:20

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