NBC Evening News for Thursday, Aug 05, 1976
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) Federal Energy Admin. Frank Zarb says today that United States oil production is at lowest point in more than 10 years, making United States dependent on foreign oil more than ever. Much of foreign oil comes from Arab cntrys.
REPORTER: John Chancellor
(DC) Zarb also says gas prices shouldn't go up more than 1/2c. before Labor Day and prices should start dropping in September In news conf., Zarb says even with shift to bigger cars, 1976 cars averaging 25% more miles per gallon than 1974 cars. [ZARB - cites figs. with regard to oil imports and says US vulnerability issue very serious.] Zarb also says situation won't start improving before 1978 when Alaska pipeline opened.
REPORTER: Sam Eicher
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:
If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.