CBS Evening News for Monday, Sep 27, 1976
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(Studio) United States dependence on foreign oil reported Influence of possible oil embargo or price increases by Arab ntns. said large. Fuel imports rose more than 16% in 1st 1/2 of year, says FEA. Domestic production declines. Vice President Nelson Rockefeller urges Senator not to interfere with missile sale to Saudi Arabia, fearing embargo, for same reason it is urged United States relax its concern with regard to Arab nation boycott against ntns. trading with Israel. Due to oil imports, United States has high trade deficit for month of August.
REPORTER: Walter Cronkite
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