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(Studio: Tom Brokaw) Report introduced.
(New York: Mike Jensen) After news of Iraq invasion of Kuwait, oil prices reported soaring today; scenes shown from Tokyo, London and New York stock markets. [CONSUMERS - comment on oil prices.] 1970's Arab oil embargo recalled; historical scenes shown; current lack of dependence on Iraq and Kuwait oil detailed. [Energy Department West Henson MOORE - comments.] Possibility of inflation and recession if unrest spreads to entire Persian Gulf noted; Federal Reserve Board mentioned.
(Studio: Tom Brokaw; New York: Mike Jensen) Oil price prospects further examined.
- Brokaw, Tom;
- Jensen, Mike
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