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(Studio) Saudi Arabia's Sheik Yamani says new development in Mid. E. doesn't mean Arab oil embargo over. Federal Energy Office says oil embargo almost fully effective now.
REPORTER: Howard K. Smith
(DC) Oil imports down last week [Energy office Eric ZAUSNER - says fluctuations dip to level of fully effective embargo.] Energy office not overly concerned; expects fluctuations from week to week [Exxon Corp. pres. Clifford GARVIN - thinks real shortage to be felt soon.] [Reporter Jules BERGMAN - asks if shipments from Mid. E. decline now because of Arab boycott.] Garvin agrees. Gasoline stks. below last year's levels.
REPORTER: Roger Peterson
- Peterson, Roger;
- Smith, Howard K.
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