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Carter / Energy Plan / Oil Industry #46135

ABC Evening News for Thursday, Oct 13, 1977
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(Studio) President Carter levels strongest statements yet against oil companies, saying they want to make profit from cntry.'s energy crisis and are trying to subvert energy plan. This is in effort to save plan, which has been damaged in Senate
REPORTER: Harry Reasoner

(DC) Carter and Energy Secretary Schlesinger go to news conference together, launching last offensive in energy wars. [CARTER - cites potential war profiteering in energy crisis and that it could develop into biggest ripoff in history. Says energy plan is fair to both consumers and oil companies, but apparently oil companies want it all.] President warns of veto on energy legislature that doesn't measure up; is asked if he'd then move to tax for. oil and institute gasoline rationing. [CARTER - notes these are 2 options open to President and Energy Department] President acknowledges that part of problem is fault of self and public, but for most part presents view of self and public against oil companies Is difficult for president to get public pressure on Congress sufficient to succeed in way Carter is trying, but he apparently feels he has nothing to lose in doing so.
REPORTER: Sam Donaldson

(DC) President's bill wants to tax public to encourage conservation, with limited profits for oil industry as exploration and development incentive; basic difference with Senator is in beliefs with regard to solution to energy problem. Some Senators want to give industry tax money as incentives. [Russell LONG - wants to stress more practical source to product more energy; feels President's bill doesn't do this. Doesn't think public wants to change way of living.] Long chairs Finance Committee, which has cut energy taxes. Other reactions to plan noted. [Howard BAKER - notes President's verbal picture of Capitol teeming with oil industry lobbyists; hasn't seen any. Thinks plan in trouble because it's bad one.] [Henry JACKSON - says one has to be in good physical condition to keep from getting run down by industry lobbyists.] Long's comments with regard to industry support from Senators noted.
REPORTER: Don Farmer

(DC) Report on reaction of industry execs. to Carter comments with regard to profiteering and ripoffs. [Gulf Vice President Hill BONIN - says President seems confused between prices and profits, that companies haven't been making outlandish profits.] [Standard of IN spokesperson John SWEARINGEN - doesn't know where Carter got figs., but whoever gave them to him was wrong.] Oil companies' stand on costs of exploration and development, possibilities of more oil imports and lack of consumer conservation so far noted. As consumers fail to respond to his pleas for conservation, Carter considers even stronger measures, up to and include gasoline rationing.
REPORTER: Roger Peterson

Reporter(s):
Donaldson, Sam;
Farmer, Don;
Peterson, Roger;
Reasoner, Harry
Duration:
00:06:00

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