Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.
(Studio) Temporary oil surpluses found all around world.
REPORTER: Howard K. Smith
(Aberdeen, Scotland) Cntrys. buying slightly less energy and thus contributing to substantial surplus of oil. Decline in consumption caused by mild weather and harsh economy recession. Demand for oil expected to continue dropping all over Europe; no European cntrys. have been forced to resort to really severe restrictions; however, high prices seem to be doing good job of rationing. Britain and all of Europe expected to benefit from North Sea oil this year
REPORTER: George Watson
(S.E. Asia) S.E. Asia oil hungry, but has cut back on use of expensive OPEC (Organization of Petroleum Exporting Countries) oil by high gasoline prices and voluntary conservation programs. Japan's oil imports down 4%; Philippines cutback hits 8%; South Korea, Thailand also limit oil imports.
REPORTER: Jim Bennett
(NYC) US, biggest oil consumer in world, also reduces oil demand. Fuel oil use by inds. and utilities down 7% from year ago; home heating oil consumption off about 12%. Demand for gasoline down 1%.
REPORTER: Dan Cordtz
- Bennett, Jim;
- Cordtz, Dan;
- Smith, Howard K.;
- Watson, George
Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.
Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:
- You may request a loan of this video by registering on our website and placing an order.
- You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
- If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.
If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.