ABC Evening News for Wednesday, Oct 17, 1979
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(Studio) Report introduced
REPORTER: Frank Reynolds
(DC) Heating oil costs increases since last winter examined. [Texaco senior vice president William K. TELL - says high price result of bankrupt energy policy.] [WI oil dealer Lyle SWATEK - says they're in business to make profit.] [ME hsewife. Gertrude MESERVE - comments.] Heating oil price increases since 1973 and reasons outlined; bar graph shown. [ME oil dealer Harley BANKS - comments on gross profit despite higher prices.] Oil refiners claim of not profiting stated. [TELL - discusses costs of refining process.] [Sun Petroleum vice president Raymond WINCH - says they're losing money on heating oil.] Results of Energy Department audit of major oil company profits examined. [Energy Department spokesperson David BARDIN - notes increase in profits for oil companies] Conflict between Energy Department assessment and that of critics cited. [Representative Toby MOFFETT - comments.] Role of foreign oil imports in price increases mentioned; details given.
REPORTER: Roger Peterson
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