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Foreign Oil Prices and Exports / Libya, Iran and Abu Dhabi #260496

CBS Evening News for Monday, Oct 15, 1979
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(Studio) Libya and Iran reported breaking ranks with OPEC (Organization of Petroleum Exporting Countries) for crude oil price increases; details given Amt. each supply to United States noted. Senator Henry Jackson quoted with regard to possibility of more foreign oil price increases and need for domestic oil price control.
REPORTER: Walter Cronkite

(NYC) Impact of Libyan and Iranian actions on United States examined; earlier price increases by OPEC (Organization of Petroleum Exporting Countries) recalled. Details listed on screen; possibility of other oil-producing ntns. to follow Libya and Iran's actions considered. [Oil analyst Charles MAXWELL - comments on predicted price increases] Implications of increases on United States recession cited.
REPORTER: Walter Cronkite

(Studio) Abu Dhabi reported reducing crude oil exports; amount it supplies to US noted. Iran reported denying rumor of reduction in its oil exports.
REPORTER: Walter Cronkite

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

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