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Economy / Oil Industry #302522

CBS Evening News for Thursday, Mar 21, 1985
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(Studio) Report introduced
REPORTER: Charles Kuralt

(Oklahoma City, Oklahoma) Impact on Texas of international oil prices examined. [University of Texas bureau of business research spokesperson Vic ARNOLD - explains relationship between international oil prices and Texas revenues.] Oil industry decline in Texas and Oklahoma detailed. [Supplier John CASSIDY - notes industry-related unemployment in Oklahoma.] Ind.'s concern over feared impact of Reagan administration's tax simplification program considered; details outlined on screen. [Oklahoma energy adviser Sam HAMMONS - predicts depression in Southwest if tax proposal is passed.] Rel. of OPEC's problems mentioned.
REPORTER: Martha Teichner

Kuralt, Charles;
Teichner, Martha

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