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Oil Prices / Massachusetts #35190

ABC Evening News for Saturday, Nov 08, 1975
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(Studio) American Petroleum Institute attacks congress attempts to cut price of domestic oil. Say lower prices would mean production cut and greater reliance on for. oil.
REPORTER: Ted Koppel

(N. Adams, Massachusetts) 5 factories closed since 1970 due to high energy costs. Unemployment rate nearly 17%. Representative Silvio Conte visits different companies with regard to energy costs. [Tannery President Peter WIDEN - cites costs for oil.] Fuel prices at Arnold's Print Works kills profits. [Printing firm representative John REINKE - says energy situation can influence job picture.] [Service stn. owner Jim DEAN - says most of customers can't pay bills.] Electric co. moves part of company to Arkansas due to cheaper energy.
REPORTER: Don Farmer

Reporter(s):
Farmer, Don;
Koppel, Ted
Duration:
00:02:30

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