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Oil Glut #282731

CBS Evening News for Tuesday, Mar 02, 1982
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(Studio) Britain reported dropping price of North Sea crude oil; Mexico and Venezuela noted also slashing prices. OPEC (Organization of Petroleum Exporting Countries) noted considering same move.
REPORTER: Dan Rather

(Los Angeles, California) Decision of Shell, Standard of California and Mobil to cut prices noted. [PEOPLE - comment.] [Chevron spokesperson Bob CLARKE - notes decring. consumer demand.] ARCO reported eliminating credit cards altogether in cost-saving move. [ARCO dealer Emil WEISS - reads company letter; criticizes measure.] [Dottie PHILLIPS - conts. criticism.]
REPORTER: Linda Douglass

Douglass, Linda;
Rather, Dan

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