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Carter / Energy Plan / Oil Industry / Reaction #490878

NBC Evening News for Thursday, Oct 13, 1977
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(Studio) President Carter comes out against oil companies; says if Congress doesn't pass energy plan, now in pieces in Senate, country could be in for biggest ripoff in history.
REPORTER: John Chancellor

(DC) Last spring, Carter had called energy crisis moral equivalent of war; now goes step further. [CARTER - says there's potential for war profiteering in energy crisis and that energy plan is fair to both consumer and oil industry, but apparently oil companies want it all.] Details of oil companies' income hike under Carter plan and what President says they want instead noted. [CARTER - notes amount of money at stake and says question is whether it should be divided fairly between public and industry or go directly to industry] If plan not passed, gasoline rationing and taxes on foreign oil might be considered; President avoids criticizing Senator and takes partial blame for blows dealt energy plan there. [CARTER - isn't trying to put entire blame on oil companies, but deplores grabbing for financial rewards by companies] Change in attitude by administration from last spring is part of bid to convince public and Congress to go along with President
REPORTER: Bob Jamieson

(Studio) Oil industry is unhappy with Carter's remarks.
REPORTER: David Brinkley

(DC) Report on reaction of industry to President's comments. Statements by American Petroleum Institute, Exxon, Gulf, Chevron, Sun Oil Company, Texaco, Standard Oil of IN (AMOCO) and Mobil cited. AMOCO chairperson John Swearingen says Carter has made emotional appeal, but that energy plan is largest peacetime tax incr. ever imposed.
REPORTER: Tom Pettit

(Studio) Senator action with regard to plan is what 1st angered Carter; Senator action conts.
REPORTER: David Brinkley

(DC) Russell Long's Finance Committee has rejected Carter energy taxes and has voted to give industry tax breaks instead. [LONG - advises less attacking of oil. industry] Senator Howard Baker says he's seen no lobbyists. [BAKER - says bill should be reworked.] [Henry JACKSON - says putting taxes on oil, thus raising consumer prices, isn't political viable now.] Consumer groups fight taxes on oil just as hard as oil lobbyists.
REPORTER: John Cochran

Reporter(s):
Brinkley, David;
Chancellor, John;
Cochran, John;
Jamieson, Bob;
Pettit, Tom
Duration:
00:06:30

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