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Economy: Iraq Invasion of Kuwait / Oil Prices / Stock Market #577084

NBC Evening News for Wednesday, Aug 08, 1990
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(Studio: Tom Brokaw) Following OPEC (Organization of Petroleum Exporting Countries) announcement, oil prices reported falling; ARCO noted freezing prices. Report introduced.

(Washington: Andrea Mitchell) Administration's strategy for long- term oil shortage outlined. [Tom Brown, Incorporated, Don EVANS - comments on US inability to immediately pick up slack.] Americans' bad habits noted. [President BUSH - asks oil companies to show restraint.] [Senator George MITCHELL - asks Justice Department to investigate price gouging.] [Senator Bob DOLE - comments.] [Institution of International Economics C. Fred BERGSTREN - says US, Japan and Germany should release strategic petroleum reserves.]

(Studio: Tom Brokaw) "Stock Market Report".

Reporter(s):
Brokaw, Tom;
Mitchell, Andrea
Duration:
00:02:40

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