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OPEC Conference #503462

NBC Evening News for Tuesday, Mar 27, 1979
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(Studio) OPEC (Organization of Petroleum Exporting Countries) oil price hike of 9% stated; organization's price increases of more than 700% since inception in 1960 noted. Admin. reaction to increase cited; Senator Henry Jackson quoted. Impact on stock market reported.
REPORTER: John Chancellor

(Geneva, Switzerland) Battle between hardliners like Iran, Iraq, and moderates led by Saudi Arabia at OPEC (Organization of Petroleum Exporting Countries) conference detailed. Films shown. New price increase said compromise favoring moderates; details given on screen. [OPEC (Organization of Petroleum Exporting Countries) secretary general Dr. Rene ORTIZ - criticizes oil companies and traders.] Criticism of present and future OPEC (Organization of Petroleum Exporting Countries) surcharges and product as means of controlling prices reported.
REPORTER: Mike Jensen

(Studio) White House sense of helplessness with regard to OPEC (Organization of Petroleum Exporting Countries) price increase noted.
REPORTER: David Brinkley

(DC) [State Department spokesperson Hodding CARTER III - calls OPEC (Organization of Petroleum Exporting Countries) increase untimely and unjust. Mentions Iranian oil exports.] Press Secretary Jody Powell quoted with regard to congress rejection of Carter's energy legislature 2 years ago. President Carter's postponement of this week's energy speech until next week announced. 1977 energy package recalled.
REPORTER: Judy Woodruff

Reporter(s):
Brinkley, David;
Chancellor, John;
Jensen, Mike;
Woodruff, Judy
Duration:
00:04:00

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