× The Vanderbilt Television News Archive is currently closed to in-person research, but is still fulfilling loan requests. For the latest information about COVID-19 (coronavirus disease), visit vu.edu/coronavirus.
Search the Archive

Oil Profits #476016

NBC Evening News for Monday, Apr 01, 1974
View other clips in this broadcast →

Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws. For any such use, please visit NBC NEWS Archives XPRESS.

(Studio) Senator Henry Jackson conts. attack on admin,'s oil policy. Oil profits incr.
REPORTER: John Chancellor

(DC) Oil industry expects more profits since Arab oil embargo lifted, details outlined. [Oil consultant Martin LOBEL - thinks ind, may triple profits.] Oil industry officials say improved efficiency accts. for profits ARAMCO profits outlined. Admin.'s oil policy ups industry's profits also. Mid. E. cntrys. charge they're not to blame entirely for high United States oil prices. [Amb from Iran Ardeshir ZAHEDI - insists oil cost make profits.] [Vice President American Petroleum Institute P.N. GAMMELGARD - says profit levels over past several years have been fairly low.] Tax committee of Cong drafts tax on windfall profits for oil industry [Vice chairperson Ways and Means Committee Representative Al ULLMAN - states industry can avoid tax by using windfall profits for oil exploration.]
REPORTER: Irving R. Levine

(Studio) House Ways and Means Committee votes to phase out oil depletion tax allowance.
REPORTER: John Chancellor

Chancellor, John;
Levine, Irving R.

Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.

Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.