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Oil Prices / Energy Conservation #309562

CBS Evening News for Sunday, Apr 06, 1986
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(Studio: Bob Schieffer) Report introduced.

(London, England: David Andelman) Indications that current low oil prices are encouraging consumers to abandon energy conservation attitude and implications for future examined. [Analyst Mehdi VARZI - notes fuel oil demand is increase] 1970s energy crisis recalled and factors increase United States oil consumption cited. [VARZI - cites oil industry's halt to exploration; explains consequences.] Impact of oil price slump on United States oil-producing states and foreign cntrys. detailed; Libya's reliance on oil mentioned. United States oil workers ordered out of Libya by President Reagan last year said back in cntry.; details given.

Andelman, David;
Schieffer, Bob

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