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Economy: Iraq Invasion of Kuwait / Stock Market, Oil and Gas Prices #334446

CBS Evening News for Friday, Aug 03, 1990
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(New York: Charles Kuralt) Report introduced.

(Studio: Ray Brady) Iraqi invasion of Kuwait's effect on economy, especially oil prices, detailed; scenes shown from stock market. "Stock Market Report". [Oil broker Peter BEUTEL - says price rise is unprecedented.] [Economists Susan LAKATOS, Alan ACKERMAN - comment on employment and recession.] ......

(Studio: Charles Kuralt) Report introduced.

(Los Angeles: Jerry Bowen) Consumers reported angry about illogical rise in gas prices; details outlined on screen. [Service station owner Garo TABIBIAN, CONSUMER, Chicago dealer Leo GALIGANI, ARCO Products Company George BABIKIAN, energy industry analyst Donna HOSTETLER, Senator Joseph LIEBERMAN - comment.]

(Studio: Charles Kuralt) Report introduced.

(Houston: Scott Pelley) United States dependence on oil imports examined; imports and domestic reserves outlined on screen; scenes shown of Iraqi and Kuwaiti crude oil tankers embargoed off United States ports. [Senator Lloyd BENTSEN, oil industry analyst Allen BROOKS, oil industry consultant Kep KEPLINGER, FINA Oil and Chemical Company Ron HADDOCK - comment.]

Reporter(s):
Bowen, Jerry;
Brady, Ray;
Kuralt, Charles;
Pelley, Scott
Duration:
00:06:00

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