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OPEC Decision / Effects #311529

CBS Evening News for Sunday, Aug 17, 1986
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(Studio: Susan Spencer) Report introduced.

(London, England: David Andelman) Expected impact on consumer of recent OPEC (Organization of Petroleum Exporting Countries) production decision examined; scenes shown. [Energy expert Jonathan STERN - predicts rise in gasoline bills.] [Oil analyst Mehdi VARZI - notes factors in OPEC's favor.] Pol. and supply factors underlying long-range success of cartel's strategy discussed. [STERN - comments.]

(Studio: Susan Spencer) Report introduced.

(NYC: Steve Young) Implications for United States oil consumption examined; details given, scenes shown. [DRIVERS - describe their driving habits.] [American Petroleum Institute spokesperson Len BOWER - calls for incrd. United States oil exploration; explains.] Events precipitating past oil crises reviewed. [Georgetown Univ. spokesperson Charles EBINGER - thinks United States has false perception of situation.]

Andelman, David;
Spencer, Susan;
Young, Steve

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