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Oil Price Fixing / Power Dos. / Consumers #36263

ABC Evening News for Monday, Mar 17, 1975
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(Studio) Govt. investigating possibility that oil price fixing during last yr.'s embargo could have defrauded consumers of several million dollars. FEA, United States Customs Service and several grand juries rptdly. investigating.
REPORTER: Harry Reasoner

(Los Angeles, California) Los Angeles oil transaction with New York-based firm recounted. [Dep. of water and power F. Carl OSBORN - doesn't know if high energy prices during last year's embargo reflected any illegal pricing activity by companies selling oil to Los Angeles. If irregularities discovered action will be taken to cover any possible overcharge.]
REPORTER: Tom Schell

Reporter(s):
Reasoner, Harry;
Schell, Tom
Duration:
00:02:10

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