NBC Evening News for Tuesday, Apr 08, 1975
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(Studio) 3rd report on oil company overcharges to customers during oil embargo follows.
REPORTER: John Chancellor
(NYC) Sources says several companies bought cheaper oil from Algeria, Libya, Nigeria and raised prices several times by selling it among themselves; oil finally sold at big markups to United States election companies Sometimes at sea and sometimes in Venezuela, oil switched tanker so it seemed oil originated in Venezuela. Federal lawyers say original purchaser of oil paid $6-$12 per barrel; oil sold at $17-$25 per barrelationship No formal charges placed yet; companies named that may be charged.
REPORTER: Robert Hager
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