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Economy: Oil Supplies #334237

CBS Evening News for Wednesday, Aug 15, 1990
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(Studio: Bob Schieffer) Saudi Arabia reported expected to cut oil deliveries; reasons detailed. Report introduced.

(New York: Ray Brady) Calls for release of emergency oil reserves reported; scenes shown from Freeport, Texas. [Institution for International Economics Philip VERLEGER - says US, Germany and Japan should release oil reserves.] OPEC (Organization of Petroleum Exporting Countries) countries and Venezuela noted not making up oil lost from Iraq and Kuwait; details outlined on screen; scenes shown of 1979 gas lines. [Petroleum Industry Research Larry GOLDSTEIN, Mideast oil analyst Jack AYDIN - comment.] Houston radio station reported paying 1000 to gas station lowering prices; scenes shown.

Reporter(s):
Brady, Ray;
Schieffer, Bob
Duration:
00:02:30

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