ABC Evening News for Thursday, May 27, 1976
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(Studio) Domestic production of oil in United States falls. Companies blame Congress for rolling back prices of domestic crude oil.
REPORTER: Howard K. Smith
(Texas) Oil exploration described, filmed. Computers used. Exploration decrs. due to Congress rollback resulting in smaller profits. [Texas Pacific Oil Company chief geophysicists, C.G. DAHM - explains situation.] Offshore situation even worse. Film shown. [Western Geophysical Company Carl SAVIT - predicts further decline, incling. decline in domestic production and more imports.] Tanker bound for Mideast to import oil passes idle deep sea drilling rig; situation dramatized.
REPORTER: Roger Peterson
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