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Energy Crisis #502869

NBC Evening News for Thursday, Feb 15, 1979
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(Studio) Shutdown of Iranian oil product noted to push up American gasoline prices. Potential for prices to go even higher as result of announcement by United Arab Emirates and Qatar of oil price hike reported Treasury Secretary Michael Blumenthal's comments quoted. One of United States big hopes for oil prod.,, Baltimore Canyon off eastern coast, said not producing bonanza.
REPORTER: Tom Brokaw

(Atlantic City, New Jersey) Lack of success in finding oil or natural gas off east coast in Baltimore Canyon described; Shell Oil's failure mentioned as latest. [Morgan Stanley and Company analyst Barry GOOD - thinks it's early to call project disastrous.] Shell's closing of office in Atlantic City noted. Gambling here in casinos and offshore oil fields reported; casinos said doing better.
REPORTER: Mike Jensen

Brokaw, Tom;
Jensen, Mike

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