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(Studio) President top energy advisers discuss Arab oil embargo.
REPORTER: John Chancellor
(DC) [FEO head William SIMON - says Americans shouldn't be fooled into complacency. Americans must continue to conserve energy if oil embargo removed.] [FEO deputy director John SAWHILL - thinks gasoline and oil supplies will be built back up to near normal supplies.] Prices won't drop back to pre-embargo costs for a long time, if ever.
REPORTER: Irving R. Levine
- Chancellor, John;
- Levine, Irving R.
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