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Energy Crisis / President / Cost of Living Council #468251

NBC Evening News for Wednesday, Dec 19, 1973
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(Studio) Cost of Living Council announces crude oil price may rise 23%. Consumer to feel increase in price for home heating oil and gasoline. President announces plans to place excess profits tax on big oil companies
REPORTER: John Chancellor

(DC) [NIXON - warns of higher fuel prices for consumers and believes oil companies should make windfall profits from this. Tax to keep oil companies in line.] Treasury Secretary George Shultz suggests money could be returned to oil companies if companies drill for new oil. [SHULTZ - states additional proposals to deal with energy crisis may be necessary.] Today's actions intended to make Americans use cars less.
REPORTER: Irving R. Levine

Chancellor, John;
Levine, Irving R.

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