NBC Evening News for Sunday, Jun 16, 1974
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(Studio) World's leading oil-exporting countries hold a conference, in Quito, Ecuador. Meeting held to decide price increases. Venezuela wants to raise prices. Venezuela decided recently to nationalize oil industry
REPORTER: Floyd Kalber
(Lake Maracaibo, Venezuela) Oil companies don't seem worried about nationalization. Venezuelan crude oil may help solve United States energy crisis. Oil companies convinced Venezuela needs American's knowledge to make crude oil worthwhile to country.
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