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Oil Drilling #275367

CBS Evening News for Thursday, Feb 12, 1981
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(Studio) President Reagan's recent decontrol of oil industry said designed to stimulate search for domestic oil.
REPORTER: Walter Cronkite

(Dallas, Texas) Incr. in oil and natural gas drilling examined; films shown, statistics given. [Hughes Tool Company spokesperson Ike KERRIDGE - comments.] [Armco Steel spokesperson John NEWCASTER - comments on new rig orders.] Drilling booms since 1955 graphed on screen, discussed. [Independent oil producer Michael HALBOUTY - comments.] Possibility that domestic product will decline this year noted. [American Petroleum Institute spokesperson Charles DiBONA - comments.] Amt. of oil estimate on federal lands mentioned.
REPORTER: Steve Kroft

(Studio) Interior Secretary James Watt recalled proposing reversal of Carter admin. act prohibiting drilling off coast of California; 1969 Santa Barbara oil spill recalled.
REPORTER: Walter Cronkite

(Los Angeles, California) Areas proposed by Watts for drilling examined; films shown. [Interior Department spokesperson Doug. BALDWIN, Governor Jerry BROWN - comment.] Arguments against development of region and response of oil companies outlined. [California Sierra Club spokesperson Carl POPE - comments.] [Western Oil and Gas Association spokesperson Arthur SPAULDING - responds.] Oil companies' defense with regard to potential disasters mentioned.
REPORTER: Terry Drinkwater

Reporter(s):
Kroft, Steve;
Cronkite, Walter;
Drinkwater, Terry
Duration:
00:05:20

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