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(Studio) Report introduced
REPORTER: Jessica Savitch
(Geneva, Switzerland) OPEC (Organization of Petroleum Exporting Countries) conference here to discuss organization's loss of power in petroleum industry examined; films shown. Current status of OPEC (Organization of Petroleum Exporting Countries) mbrs.' oil product outlined on screen, discussed. [Kuwait oil minister Ali Khalifa al-SABAH - thinks all must make cuts.] [United Arab Emirates spokesperson Sheik Manae Said al-OTEIBA - doesn't see product control as only solution.] Necessity for OPEC (Organization of Petroleum Exporting Countries) over- producers to agree to price cuts noted; Iran, Libya and Venezuela cited as exs. Refusal of Iran and Venezuela to cut back product discussed.
REPORTER: Mike Jensen
- Jensen, Mike;
- Savitch, Jessica
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