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Energy Bill / Natural Gas Pricing Compromise #257990

CBS Evening News for Wednesday, May 24, 1978
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(Studio) House and Senator conferees' approval of compromise on natural gas pricing portion of energy bill noted.
REPORTER: Walter Cronkite

(DC) Details of conference committee action in breaking deadlock on natural gas pricing measure given. [Representative Harley STAGGERS - calls committee to order. Reads warning to oil and gas industry] Details of compromise listed. [Senator Howard METZENBAUM - cites opposition to bill and reasons.] Outlook for energy bill in Congress given.
REPORTER: Nelson Benton

(Studio) Controversy in industry over 2-price system for natural gas noted.
REPORTER: Walter Cronkite

(Elk City, OK) Details of 2-price system given, using gas well near Elk City, OK, as illustration. Prices received for Oklahoma natural gas in Kansas and Nebraska and those received in Oklahoma listed. Changes to be made under congress compromise detailed. Producing states' opposition to extension of federal controls to gas produced in those states noted. [OK Governor David BOREN - cites reasons he feels changes are unfair.] [Gas product Arthur WESSELY - cites own feeling that pricing under compromise is fair and says most prods. also feel this way.]
REPORTER: Eric Engberg

Benton, Nelson;
Cronkite, Walter;
Engberg, Eric

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