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Carter / Energy / CIA Report / Part I #251489

CBS Evening News for Friday, Apr 15, 1977
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(Studio) At conf., Carter notes CIA study finds world oil reserves to be less than thought. Colorado Governor Richard Lamm is briefed with regard to study; compares situation to Pearl Harbor &WW II. James Schlesinger stance noted.
REPORTER: Walter Cronkite

(DC) Study explained. Effects of demand on USSR , Indonesia, OPEC (Organization of Petroleum Exporting Countries) ntns., AK pipeline; United States conversion to coal; and Britain's North Sea development noted.
REPORTER: Nelson Benton

(Studio) CIA report downgrades oil supply from Mexico, but some Mexican oil reaches US.
REPORTER: Walter Cronkite

(No location given) Mexico reserves make ntns. about equal with Iran and just behind Saudi Arabia, US, USSR and Kuwait; reporter compares amount to AK. News is good for Mexico, due to economic problem, and to United States because of energy crisis and pressure from OPEC (Organization of Petroleum Exporting Countries) on price increases or cutoffs of oil. Mexico says it won't undercut OPEC (Organization of Petroleum Exporting Countries) prices. [Mexican oil company spokesperson Jorge Diaz SERRANO - believes OPEC's struggle with development is legitimate.] Mexico exports oil to Israel. For. capital needed for further development of Mexican oil.
REPORTER: George Natanson

Reporter(s):
Benton, Nelson;
Cronkite, Walter;
Natanson, George
Duration:
00:04:50

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