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Economy: Oil / OPEC / Texas #320816

CBS Evening News for Friday, Apr 22, 1988
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(Studio: Dan Rather) OPEC (Organization of Petroleum Exporting Countries) reported planning to meet in Vienna, Austria. Report introduced.

(Midland, Texas: Peter Van Sant) Texas oil industry problems discussed; details given, scenes shown. [Permian Basin Petroleum Association spokesperson Harry SPANNAUS - comments on bankruptcies.] Texas railroad commission spokesperson Ken Hance reported attending OPEC mtg. in Vienna. [HANCE - says wants to do what is best for Texas.] [Citizen Labor Energy Coalition spokesperson Ed ROTHSCHILD - comments on Hance's motives.] Hance's critics quoted with regard to OPEC (Organization of Petroleum Exporting Countries) meeting [Texas representative Clint HACKNEY - comments on Hance.] [HANCE - defends actions.] Hance's supporters quoted with regard to dangers of depending on foreign oil. [MAN - comments on situation.] Hance noted trying to increase oil prices.

Rather, Dan;
Van Sant, Peter

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