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Iraq Invasion / World Economy / Gas Prices #334299

CBS Evening News for Thursday, Aug 02, 1990
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(London: Dan Rather) Report introduced.

(New York: Richard Roth) Effect on world economy of fears that Iraqi President Saddam Hussein's invasion of Kuwait will tighten oil supply and raise prices examined; scenes shown from London stock exchange. [London trader Peter GIGNOUX, New York trader Michael WILNER, Petroleum Industry Research Foundation John LICHTBLAU - comment.] 1970's Arab oil embargo recalled; historical scenes shown; administration officials quoted regarding inflationary effect. [Council of Economic Advisers Michael BOSKIN - says economy is now better prepared.] [CONSUMER - comments on gas price increases.]

Rather, Dan;
Roth, Richard

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