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Weather / Natural Gas Shortage #248425

CBS Evening News for Thursday, Jan 13, 1977
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(Studio) Weather across E. part of cntry., from Alpena, Michigan, to Burlington,VT, causes problems. Lakes Erie and Michigan may freeze over and major waterways also have ice problems.
REPORTER: Walter Cronkite

(Saint Louis, Missouri) River problems on Ohio River from Cincinnati, Ohio, to Cairo, 11, and on Mississippi River, especially around Saint Louis, Missouri, noted.
REPORTER: Chris Kelley

(Studio) Weather may cause school and business closing in E. because of natural gas shortage. Representatives from area today ask FPC to allow area to buy gas from Texas above national ceiling price.
REPORTER: Walter Cronkite

(Dallas, Texas) Controversy with regard to actual amount of gas noted. [Energy Action Committee spokesperson James FLUG - says there's no shortage; producers and transporters don't want gas delivered to consumers.] [Independent gas producer Max THOMAS - says if gas business can't make profit and stay in business, wells won't be drilled.] Federal price ceiling on interstate gas sales noted. [Texas Pacific Oil Company Vice President R. M. BRACKBILL - notes costs for development.] Shortages and reserve supply figs. noted; costs for exploration cited. [THOMAS - says dry wells don't make money.] [FLUG - says as long as producers believe ceiling will be lifted, they won't sell gas available for present prices.] Deregulation critics say without ceiling, company profits and consumer costs would soar. [Federal Energy Administration spokesperson John CHRISTIE - notes present and future effects on consumers.] Congress has voted down Ford proposals for deregulation; Carter may face same battle.
REPORTER: Eric Engberg

Reporter(s):
Cronkite, Walter;
Engberg, Eric;
Kelley, Chris
Duration:
00:05:50

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