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Energy / Oil #262643

CBS Evening News for Friday, Mar 02, 1979
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(Studio) Energy Department announcement of new regulations incring. price of gasoline reported.
REPORTER: Roger Mudd

(DC) Effect of new rules on price increase examined. [Vice President Arco Petroleum Company George BABIKIAN - comments.] OPEC (Organization of Petroleum Exporting Countries) and Iranian situation noted as contributing to price increase Energy official's remarks with regard to amount of price incr. stated. Reasons for new regulations given. United States and other industry ntns.' commitment to energy reduction reported Possibility of mandatory conservation if vol. measures aren't successful noted.
REPORTER: Nelson Benton

(Studio) Ashland Oil Company's resumption of oil purchases from Iran reported Details given.
REPORTER: Roger Mudd

Benton, Nelson;
Mudd, Roger

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