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Energy Crisis / Natural Gas #473445

NBC Evening News for Sunday, Jan 06, 1974
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(Studio) Energy crisis may bring changes in attitudes toward remaining energy sources. No national policy with regard to natural gas exists.
REPORTER: Floyd Kalber

(Tulsa, Oklahoma) Tulsa uses natural gas for heating purposes; 40% of natural gas supplies not under federal regulations. Natural gas so designed can be used by 1 state only. Oklahoma lures industry to state with abundance of natural gas. Most states have little natural gas of their own and must depend on interstate gas pipeline companies [Oklahoma Natural Gas Company Charles INGRAM - insists drilling rigs increase as gas prices increase] Talk of removing price controls to stimulate production in other states increases; may be used to boost natural gas production. [Consumer lobbyist Lee WHITE - thinks if price controls on natural gas removed, prices will skyrocket.] [INGRAM - admits incrd. profits for gas companies will occur, but profits necessary to obtain capital for drilling.] [WHITE - insists increase in natural gas production not assured.] [INGRAM - insists rest of nation can experience incrd. production just as Oklahoma.] Era of cheap, natural gas draws to an end.
REPORTER: Tom Pettit

Kalber, Floyd;
Pettit, Tom

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