Vanderbilt Television News Archive

(Studio: Dan Rather) Report introduced.

(Washington: Deborah Potter) Rise in oil prices despite President Bush's decision to sell some of the United States strategic oil reserve featured; scenes shown of oil trading. [Hilltop Michael WILNER - comments.] [Energy Secretary James WATKINS - comments on Bush's actions and oil market.] [Representatives Billy TAUZIN, Philip SHARP - criticize administration's actions.] Refusal of United States allies in Persian Gulf crisis to open their oil reserves noted. [Institution for International Economics Philip VERLEGER - comments.]

(Studio: Dan Rather) Findings of CBS News poll about perception of oil profiteering due to Persian Gulf crisis noted. Report introduced.

(New York: Ray Brady) Reasons for high gasoline prices examined; details given of charges that big oil companies are squeezing independent gasoline dealers. [Independent gasoline dealer in Arlington, Texas, Homer McGINNISS, independent gas station owner Ken GREENE - talk about the business.] Shrinking number of gasoline stations outlined on screen. [Chevron USA, Incorporated, pricing manager Jim HUCCABY, McGINNISS - talk about independents.]