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Carter / Energy Plan / Oil Industry / Reaction #248926

CBS Evening News for Thursday, Oct 13, 1977
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(Studio) President Carter's chgs. against oil companies stung them, as evidenced in reactions; comments of spokesperson for Mobil, Gulf, Texaco and Continental cited. (Film shown.) [AMOCO spokesperson John SWEARINGEN - says industry doesn't have vote in Congress and profits boil down to less than 3 cents per gallon on product they sell.] [Standard of Ohio spokesperson Charles E. SPAHR - president may have destroyed progress made in last 6 mos. with regard to understanding energy issue.] Carter has noted money involved in issue.
REPORTER: Walter Cronkite

(NYC) Report on money involved in oil industry "Fortune" magazine's list of top 500 companies in United States incls. 8 oil companies in top 15. Worldwide, 10 largest United States oil companies took in more than entire United States auto industry, with net profit more than double combined profits of GM, Chrysler and Ford Motors. 1976 sales for Exxon, Texaco and Mobil noted. Other details with regard to investments and degree of companies' involvement in entire process, from wellhead to pump, noted.
REPORTER: Mitchell Krauss

(Studio) Carter has now begun campaign to get public to pressure Congress to pass energy plan, since it ran into so much trouble in Senate
REPORTER: Walter Cronkite

(DC) Report on reaction to Carter words at Capitol. [Russell LONG - advises lowering rhetoric on matter; says Congress is working to put together bill both it and President can agree on.] [Howard BAKER - thinks plan not in trouble because of oil industry lobbying, but because it's bad program; hasn't seen lobbyists.] [Henry JACKSON - says one has to be in good physical shape to keep out of lobbyists' way. Says they're here en masse from all over US.] Is combination of factors, in addition to lobbyists, that are creating trouble for energy plan in Senate; these noted, include Energy Secretary Schlesinger's attitude.
REPORTER: Roger Mudd

Reporter(s):
Cronkite, Walter;
Krauss, Mitchell;
Mudd, Roger
Duration:
00:05:00

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