NBC Evening News for Thursday, Nov 01, 1973
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(Studio) Americans feel more effects of oil shortage. Gasoline jumps from $.1-3 gal. Home heating oil prices increase 3 large domestic airlines cut out flights to save fuel. Pan American hopes to cut some transatlantic flights. Pentagon given priority to buy American oil for United States forces abroad; action to add to energy squeeze, Washington, DC meeting hints at serious shortage very soon.
REPORTER: John Chancellor
(DC) All fuel demands exceed supply. Federal energy director John Love says standby rationing authority needed. Love meets with mbrs of Senate committee to discuss legislature needed to meet energy crisis. [Senator Henry JACKSON insists shortage to be aggravated by Arab oil cutoff to US.] United States daily oil consumption figures outlined. 30% of foreign oil supplies cut; available oil to be expensive.
REPORTER: Robert Goralski