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Oil / OPEC Prices / American Usage #246165

CBS Evening News for Friday, May 28, 1976
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(Studio) OPEC's current price freeze to continue
REPORTER: Walter Cronkite

(Bali, Indonesia) 13 ntns. agree not to raise oil prices for now. Decision was victory for Saudi Arabia oil minister , Ahmed Zaki Yamani. He said western ntns. were still too weak from recession to absorb another price boost. Prices will go up the next time OPEC (Organization of Petroleum Exporting Countries) meets.
REPORTER: Peter Collins

(Studio) World's proven oil reserves can only last 35 years Americans still use more gasoline.
REPORTER: Walter Cronkite

(DC) AAA gasoline survey shows prices of 46.9 per gallon in Houston, Texas, and 77.9 gallon in June Lake, California.
REPORTER: Nelson Benton

(No location given) [Petroleum Ind. Research Foundation Lawrence GOLDSTEIN - doesn't think consumer will see shortage of gasoline.]
REPORTER: Mitchell Krauss

(DC) Americans burn 8% more gasoline this year; consumption expected to rise. [Congress energy specialist South David FREEMAN - says people will keep on consuming until they have to conserve.]
REPORTER: Nelson Benton

Benton, Nelson;
Collins, Peter;
Cronkite, Walter;
Krauss, Mitchell

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