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Oil Prices / Stock Market #308407

CBS Evening News for Friday, Feb 21, 1986
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(Studio: Dan Rather) Report introduced.

(Chicago, Illinois: Ned Potter) Pros and cons of plummeting international oil prices examined. [Data Resources Incorporated economy Robert GOUGH - predicts lower gasoline prices.] [DRIVER, dealer Rodney SERNEK - explain not filling tank yet.] Stk. Mkt. Report Glut's impact on stock market, inflation, interest rates, fed. deficit and gross national product noted. [Citizen/Labor Energy Coalition spokesperson Edwin ROTHSCHILD - explains economy ramifications of situation.] [GOUGH - cites need for consumer not to resume old habits of energy waste.]

(Haskell, OK: Harry Smith) Concern of United States oil producers over current drop in prices examined. [Salesman Leland HARRINGTON - notes situation conts. worsening for industry] Texas's oil industry cited as example; related statistics outlined on screen. [Econ. Bernard WEINSTEIN - notes effect of recent price drop on oil-producing states.] OK's necessary budget cuts as result noted. [State senate Rodger RANDLE - lists soc. services affected by cuts.]

Reporter(s):
Potter, Ned;
Rather, Dan;
Smith, Harry
Duration:
00:04:00

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