ABC Evening News for Tuesday, Feb 26, 1974
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(Studio) President' statement with regard to fuel crisis reviewed. [PRES.- believes fuel crisis has passed but problem remains; gas rationing not likely to be needed.]
REPORTER: Howard K. Smith
(DC) At Senate hearing, energy officials explain President' statements. [Senator Henry JACKSON - questions fuel conservation plan if crisis over.] [FEO head William SIMON - explains President was talking about eliminating hardship of long gasoline lines, but problem remains.] [Senator Abraham RIBICOFF - questions differing statements with regard to fuel crisis made by President and Simon.] [SIMON - believes United States to experience 15-20% fall in gasoline supplies during spring and summer.] [RIBICOFF - asks if shortened gasoline lines expected by Apr.] [SIMON - confirms statement.] Simon admits major oil companies cut imports of crude oil.
REPORTER: Roger Peterson
(Studio) Senate Majority Leader Mike Mansfield believes gasoline rationing should be imposed immediately. National Petroleum Council says rationing necessary unless demand greatly reduced. Many coal miners in West Virginia stay off job because not enough gasoline available to reach mines.
REPORTER: Harry Reasoner
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