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Energy #503443

NBC Evening News for Sunday, Mar 25, 1979
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(Studio) NBC News - Associated Press poll results with regard to oil shortage given.
REPORTER: Jessica Savitch

(Mamaroneck, New York) Gasoline and heating oil price increases and shortages said felt by gas station owner John Pavone and heating oil dealer Richard Anderson; films shown. Department of Energy claim of shortage due to Iran situation cited. [Am Petroleum Institution president Charles Di BONA - comments re: oil shortage.] Imports said to have incrd. since Iranian cutoff; figs. given. Supply also said to have incrd. over demand. 1977 through 1979 crude oil stocks compared. Explanations for oil supply outlined. [Energy Department Hazel ROLLINS - comments.] Iran, Saudi Arabia, OPEC (Organization of Petroleum Exporting Countries) exports to US mentioned. [Representative Albert GORE - comments with regard to effects of oil stockpiling; OPEC.] Rel. between crude oil stockpiling and oil company profits and decontrol examined.
REPORTER: Richard Hunt

Hunt, Richard;
Savitch, Jessica

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