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Economy / Oil Price Hike / OPEC #243301

CBS Evening News for Thursday, Nov 11, 1976
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(Studio) United States and other industry ntns. begin consultations on ways to prevent expected oil price hike next month
REPORTER: Walter Cronkite

(DC) State Department officials' comment with regard to effect of OPEC (Organization of Petroleum Exporting Countries) price hike on intl. economy, especially Great Britain and Italy, noted. United States pressuring Iran and Saudi Arabia to hold back on increase at OPEC (Organization of Petroleum Exporting Countries) meeting next month with suggestions of holding back United States military arms to 2 cntrys., though arms can be bought elsewhere. Effect of hike on United States economy noted.
REPORTER: Marvin Kalb

Cronkite, Walter;
Kalb, Marvin

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