ABC Evening News for Monday, Mar 03, 1975
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(Studio) Israel sets up special planning board to draw up options for possible withdrawal in Sinai. Israel's captured oil wells cause some problems.
REPORTER: Howard K. Smith
(Tel Aviv, Israel) Gasoline prices 4 times as high as in US, but there's no gasoline shortage because Israel controls Abu-Rudeis oil wells in Sinai; wells captured during 1967 war. Many people now worried about losing Abu-Rudeis wells in 2nd disengagement deal. [Geologist Moshe SHAFRIR - says Abu-Rudeis wells supply 65% Israel's oil needs.] Without oil fields, Israel would undoubtedly become more dependent on US.
REPORTER: Don Farmer
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