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Washington, DC / Oil Consumers' Conference / Arab Countries Meet #30069

ABC Evening News for Monday, Feb 11, 1974
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(Studio) 13 oil-consuming cntrys. meet in Washington, DC to discuss oil policy.
REPORTER: Howard K. Smith

(DC) Japan and European cntrys. fearful of any action offending Arab oil cntrys. [W. Germany's Rudiger Von PACHELBEL-GEHAG (sic) - defends collaboration with oil-producing cntrys. to gain needed oil.] Conf. not likely to produce unified front against oil producers.
REPORTER: Ted Koppel

(DC) [Federal energy administration William SIMON - summarizes 1st day's meeting with oil consumers. Oil prices uppermost in conference discussions.] Simon projects US and other cntrys. to development enough energy within next 5 years to share with less fortunate cntrys.
REPORTER: Roger Peterson

(Studio) Washington, DC conference denounced by Libya, Saudi Arabia and Kuwait. Libya also announces plans to take over 3 American oil companies, partially ntlized. last year In Vienna, spokesperson for organization of petroleum exporting cntrys. says any grouping of big oil consumers to lead to confrontation with oil producers. In Cairo, Egypt, limited Arab summit meeting to be held to discuss Arab oil weapon. Another Arab oil meeting opens in Tripoli later in wk. to discuss lifting oil embargo against US.
REPORTER: Howard K. Smith

Reporter(s):
Koppel, Ted;
Peterson, Roger;
Smith, Howard K.
Duration:
00:04:30

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