President' Speech / Energy | Vanderbilt Television News Archive

President' Speech / Energy #37361

ABC Evening News for Tuesday, May 27, 1975
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(Studio) President Ford to go on nationwide television at 8:30 p.m. EDT.
REPORTER: Harry Reasoner

(White House) White House contacts congress leaders late today to advise them of President' plans to slap another $1 tariff on imported oil. President' sources say Mr. Ford ready to soundly criticize Congress for not coming up with energy program before Memorial Day recess. Tariff to increase gasoline prices. President also ready to gradually decontrol domestic oil.
REPORTER: Tom Jarriel

(Capitol Hill) Democrat Congmen. soon learned only alternative to President' energy plan proposed mos. ago was someone else's energy plan that raised prices. Many Congmen. worried about impact on voters and recession. House Ways, Means Committee chairperson Al Ullman only 1 pushing for strong bill; even his bill watered down now, but it's still controversial.
REPORTER: Sam Donaldson

(Linden, New Jersey) Tankers already fill United States storage tanks with foreign crude to beat new tariff deadline. Effects of tariff include price increases for "new" domestic oil; if "old" oil decontrolled, nation's energy bill to increase $17 billion.
REPORTER: Dan Cordtz

Reporter(s):: Cordtz, Dan;; Donaldson, Sam;; Jarriel, Tom;; Reasoner, Harry
Duration:: 00:04:10

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