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Oil Imports #475354

NBC Evening News for Wednesday, Feb 27, 1974
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(Studio) Govt. removes price restrictions on some imported oil. Govt. requests oil companies be exempt from sharing imported crude with competitors. Dep. energy director John Sawhill announces plans.
REPORTER: John Chancellor

(DC) Sawhill discusses prospects for more gasoline at Senate subcommittee [SAWHILL - believes fuel allocation in March to be greater than in February] [Senator J. Bennett JOHNSTON - asks if embargo not lifted would gasoline rationing be imminent.] [SAWHILL - thinks rationing may be avoided even if embargo conts. ]
REPORTER: Irving R. Levine

(Studio) Chairwoman of Exxon Corps Shell not as optimistic about rationing as Sawhill.
REPORTER: John Chancellor

(No location given) [Shell president Harry BRIDGES - believes available gasoline to drop in next 2 mos.] [Exxon chairperson Kenneth JAMIESON - thinks embargo lift would take 60 days for impact to reach average consumer.] From all indications gasoline shortages not likely to disappear in near future.
REPORTER: Robert Hager

Chancellor, John;
Hager, Robert;
Levine, Irving R.

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