× The Vanderbilt Television News Archive is currently closed to in-person research, but is still fulfilling loan requests. For the latest information about COVID-19 (coronavirus disease), visit vu.edu/coronavirus.
Search the Archive

Oil Decontrol #38965

ABC Evening News for Monday, Aug 25, 1975
View other clips in this broadcast →

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) Controls on oil prices expire Sunday President Ford to block Congress efforts to extend it. Mobil Oil chairperson, Rawleigh Warner, Junior says decontrol should occur slowly.
REPORTER: Harry Reasoner

(Denver City, Texas) "Old" oil sold at controlled price of $5.25 barrel. "New" oil sold for $11.60 barrelationship "New" oil is from wells drilled after 1972. Admin. says if prices decontrolled, oil companies will have more money for developing oil resources. [President Texas Pacific Oil Company Howard HINSON - says should make 6 cent gallon profit, but make 1 3/4-2 cent gallon profit. Decontrol still wouldn't provide enough money.] Oil prices will rise.
REPORTER: Roger Peterson

(Studio) Reports on decontrol to come.
REPORTER: Harry Reasoner

Peterson, Roger;
Reasoner, Harry

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.