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(Studio) Senator passes bill for gradual decontrol of natural gas price-s. May be serious gas shortages this winter in states that don't produce gas. Gas producers can get more money in their own state than shipping it to other states under federal price controls.
REPORTER: Harry Reasoner
(Laredo, Texas) [Texas Mid-Continent Oil and Gas Association Sherman HUNT - says won't get it if won't pay for it.] [Southern Union Production Company Al WIEDERKEHR - says we drill in areas we can make most money. A lot of gas in areas under FTC (Federal Trade Commission) regulated price of 51 cents isn't economy] Producers drill for home state consumption. [WIEDERKEHR - guesses there's 100 million foot of gas per day. Will still be excess in winter.] [HUNT - will sell gas to whoever pays most money. If that's wrong, country gone all to hell.]
REPORTER: Roger Peterson
- Peterson, Roger;
- Reasoner, Harry
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