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Saudi Arabia / Oil Reserves #481910

NBC Evening News for Tuesday, Mar 25, 1975
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(Studio) In economy community, there's considerable concern about Saudi Arabia's vast oil reserves. King Faisal handled oil reserves shrewdly.
REPORTER: Tom Brokaw

(NYC) No panic occurs in business community over King Faisal's death. [Securities analyst Robert STOVALL - says government change causes some fear that oil prices may increase] Stk. prices close generally up, despite news of Faisal's assassination. Most persons following oil prices closely don't believe oil prices to increase [Pratt's "Oilgram", Ernest McCLELLAND - believes if new leaders follow Faisal's steps, oil prices won't be affected very much.] At United States headquarters of ARAMCO, officials cautious. [Vice President ARAMCO Joseph JOHNSTON - believes new Saudi Arabian leader to be moderate.]
REPORTER: Robert Hager

Brokaw, Tom;
Hager, Robert

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