Search the Archive

Oil Industry / OPEC / Price Incr. / Saudi Arabia #41288

ABC Evening News for Friday, Dec 17, 1976
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) OPEC (Organization of Petroleum Exporting Countries) meeting breaks up; 2 cntrys. will raise oil prices 5%, others to raise prices to 15% by July. Effect on United States prices noted. It's being questioned why 2 ntns. don't increase same as others. (Film shown.) [Saudi oil minister Ahmed Zaki YAMANI - says they're looking for appreciation from West in 2 areas: Mid. East dispute and north-south talks in Paris.]
REPORTER: Harry Reasoner

(DC) Is likely Saudis will get some reward from Carter administration, though there have been no advance promises. Today future Secretary of State Cyrus Vance and United Nations Secretary General Kurt Waldheim meet and discuss Geneva Mid. East peace conference prospects. 2nd objective Yamani mentions in return for moderate price increase stand is more United States understanding for 3rd world ntns. in requests for aid from industry ntns. Before today's Saudi decision, Carter and top aides reported moving to more generous United States stance in this area. If all of this happens, Saudi Arabia's role as peacemaker with influence on important decisions will be boosted.
REPORTER: John Scali

(Studio) President Ford praises actions of Saudi Arabia and United Arab Emirates for decisions with regard to increase; says others acted irresponsibly.
REPORTER: Barbara Walters

Reasoner, Harry;
Scali, John;
Walters, Barbara

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.