× The Vanderbilt Television News Archive is currently closed to in-person research, but is still fulfilling loan requests. For the latest information about COVID-19 (coronavirus disease), visit vu.edu/coronavirus.
Search the Archive

Oil Companies Price-Rigging #493340

NBC Evening News for Thursday, Apr 28, 1977
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 Administration says 20 international oil companies have bought oil at inflated prices from own foreign subsidiaries and are passing cost on to consumers. Agency says prices will be rolled back at gas pumps to give money back.
REPORTER: David Brinkley

(DC) Govt. says overcharges began in Arab oil boycott. [Federal Energy Administration Gorman SMITH - describes temporary price cuts to get money back to consumer.] Gulf Oil would be 1 of hardest hit and will fight ruling in court [Gulf Vice President L. Hill BONIN - says company supplied oil during embargo and didn't increase prices.] Today's action won't make it easier for oil companies or administration to convince public of energy crisis.
REPORTER: John Cochran

Brinkley, David;
Cochran, John

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:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.