ABC Evening News for Tuesday, Mar 25, 1975
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(Studio) Prior to King Faisal's reign, much of Saudi Arabia's oil wealth squandered. Mtg. of OPEC (Organization of Petroleum Exporting Countries) canceled out of respect to Faisal; price of oil stks. drop on world stock mkts.
REPORTER: Howard K. Smith
(No location given) Most petroleum experts don't think Faisal's death poses threat to oil cartel. New ruler of Saudi Arabia to have no reason to change present oil policy. International economists believe large amts. of oil dollars must be invested abroad; Faisal's death could bring important shift in where and how money invested.
REPORTER: Dan Cordtz
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