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Uranium Cartel #49054

ABC Evening News for Thursday, Jun 16, 1977
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(Studio) House subcommittee investigating world wide cartel that tried to fix price and supply of uranium.
REPORTER: Harry Reasoner

(DC) Uranium price jumped 800% in past 5 years Gulf Oil officials admit participating in cartel. Gulf chairperson Jerry McAfee says company compelled to join by Canadian government; details. [Albert GORE Junior - accuses Gulf of price fixing behind closed doors in Johannesburg, South Africa. Says TVA had to pay $12 pound] [McAFEE - says Tennessee Valley Authority (TVA) got bargain; present price $40.] Canada to be questioned about cartel. [McAFEE - insists Canadian government required Gulf's participation.] Canadian Fin. Min. angry about matter.

Clark, Bob;
Reasoner, Harry

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