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OPEC / Oil Price War #528827

NBC Evening News for Sunday, Feb 27, 1983
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(Studio) Ultimatum issued by United Arab Emirates oil minister to OPEC (Organization of Petroleum Exporting Countries) members in effort to avert international oil price war reported.
REPORTER: Chris Wallace

(New York City) Possible collapse of oil cartel examined; background events leading to current disunity recalled. [Sheik YAMANI - considers OPEC (Organization of Petroleum Exporting Countries) conference a failure.] Recent efforts of OPEC (Organization of Petroleum Exporting Countries) mins. to control retreat by organization pricing discussed. [Courtesy "This Wk.", Sheik Manae Said al-OTEIBA - will make own decision if nothing is decided soon.] [Courtesy CBS' "Face the Nation", Martin FELDSTEIN, "Meet the Press" Federal Reserve Bd. chairperson Paul VOLCKER - believe United States would benefit from price war.]
REPORTER: Mike Jensen

(Studio) Drop in retail gasoline prices, according to analyst Dan Lundberg, discussed. Upcoming item announced.
REPORTER: Chris Wallace

Reporter(s):
Jensen, Mike;
Wallace, Chris
Duration:
00:03:00

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