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Energy Developments #259214

CBS Evening News for Friday, Aug 18, 1978
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(Studio) President Carter's announcement of breakthru on energy plan, nearly 18 mos. after sending it to Congress, reported.
REPORTER: Roger Mudd

(DC) [CARTER - announces House-Senator conference committee agreement on natural gas pricing.] President's persuasion of Representatives Charles Rangel and James Corman and Senators James McClure and Pete Domenici to sign legislature noted. [DOMENICI - states questions he had for Carter.] Details of legislature noted. [Senator Henry JACKSON - thinks dollar devaluation has had effect on legislature compromise.] [Senator Howard METZENBAUM - comments on attempts to defeat bill.] Outlook for legislature given.
REPORTER: Nelson Benton

(Studio) Texaco's announcement of discovery of another natural gas strike in well off New Jersey shore-reported.
REPORTER: Roger Mudd

(Studio) Report on clean air proposal for south California community.
REPORTER: Roger Mudd

(Los Angeles, California) Details given about agreement by Standard of Ohio to install pollution equipment at Edison power plant in order that state authorities will allow supertanker port to be built near Queen Mary in Long Beach Harbor. Port would be for Alaska oil. [Governor Jerry BROWN - comments on agreement.] Long Beach residents' views of port given; tanker explosion in 1976 recalled. Film shown.
REPORTER: Terry Drinkwater

(Studio) Report on profit difference in old and new oil.
REPORTER: Roger Mudd

(Houston, Texas) Govt. provisions with regard to pricing of old and new oil detailed. Report is on discovery by federal investigation centered in Houston that some old oil has been traded as new. [Houston United States attorney Tony CANALES - describes bookkeeping entries used in this illegal practice.] Disappearance of some old oil reported [CANALES - says old oil is being converted to new, higher priced oil.] Response of Petroleum Re-Sellers Association spokesperson Allen Daigle to chgs. noted. [DAIGLE - comments on practice.]
REPORTER: Eric Engberg

Benton, Nelson;
Drinkwater, Terry;
Engberg, Eric;
Mudd, Roger

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