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Energy Bill Conference Committee / Natural Gas Pricing #249376

CBS Evening News for Thursday, Nov 10, 1977
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(Studio) Congress conference committee 's tentative agreement to ban ornamental lights fueled by natural gas, move which would exempt historic sites like Olympic torch and John F. Kennedy memorial. Report on importance to consumers and industry of resolving natural gas pricing conflict.
REPORTER: Walter Cronkite

(DC) Eventual increase in profits to oil companies, according to Energy Department, under Senator version of natural gas bill as opposed to House version listed, citing Exxon, Amoco, Texaco, Gulf and Mobil. Also listed are industry estimates with regard to increase in cost to homeowners over next few years as opposed to that of congress figs., if Senator version passed. Conflict with regard to definition of terms and amts. of money at stake for oil companies with Senator bill noted.
REPORTER: Robert Schakne

Reporter(s):
Cronkite, Walter;
Schakne, Robert
Duration:
00:02:50

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