ABC Evening News for Friday, Dec 17, 1976
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(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