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Economy / Energy / Foreign Trade #58251

ABC Evening News for Wednesday, Feb 28, 1979
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(Studio) Announced increase in oil prices in last week noted. President Carter's conservation program as result of this reported to include possible gasoline rationing in future. Energy Secretary James Schlesinger's comments on this mentioned.
REPORTER: Frank Reynolds

(DC) Schlesinger's presentation of energy picture to congress cmtes. described. [SCHLESINGER - predicts unleaded gasoline will rise to dollar/gal. in year] Secretary's statements with regard to possible future rises in world oil prices given. [Senator John DURKIN - asks how rationing can be considered, given oil company profit figs. for last quarter] [SCHLESINGER - responds.]
REPORTER: Roger Peterson

(NYC) Details given about trade deficit in January Incr. in imports from Japan, at time when President Carter is pressing Japanese to limit exports to US, noted. This said to make it unlikely Carter will attend economy summit planned for Tokyo. Outlook stated.
REPORTER: Dan Cordtz

(Studio) Amoco's announcement of plans to ration gasoline supplies to dealers because of shortages and TWA's cancellation of more flights from Kansas City due to shortage of jet fuel reported Early hopes for oil finds off Atlantic coast noted dashed by unsuccessful exploration; effects of this on new bidding for offshore drilling rights described.
REPORTER: Max Robinson

Reporter(s):
Cordtz, Dan;
Peterson, Roger;
Reynolds, Frank;
Robinson, Max
Duration:
00:03:50

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