Search the Archive

Oil Industry / Depletion Allowance #447656

NBC Evening News for Thursday, Sep 04, 1969
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. For any such use, please visit NBC NEWS Archives XPRESS.

(Studio) 2nd report on oil industry and depletion allowance.
REPORTER: David Brinkley

(New England) Fuel oil costs more here because no oil wells, pipelines, or refineries. Need more oil because of winters. Proposed refinery in Machiasport, Maine delayed because of company demand for unlimited duty-free imported oil. Bayport, New Jersey shown. Quotas limit foreign oil imports and keep oil prices high, [Continental Oil spokesperson Andrew TARKINGTON - says if foreign oil comes in without limits, no incentives for finding new oil would be left.] Oil industry fears Machiasport schemes could floodcountry with cheap oil, undercut oil prices, and force unwelcome competition. Ind. hopes President Nixon will kill idea. [Senator Thomas McINTYRE - says oil been given big protection blanket.] Losing quotas would be blow for industry
REPORTER: Fred Briggs

Reporter(s):
Briggs, Fred;
Brinkley, David
Duration:
00:04:10

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.