ABC Evening News for Friday, Aug 17, 1979
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(Studio) President Carter reported removing price controls from crude oil today; President's prediction as to United States output of crude in 10 years cited
REPORTER: Frank Reynolds
(DC) Heaviness of crude, located at bottom of United States wells, noted; films shown. [CARTER - discusses expense involved in crude oil production.] Amt. of increase allowed and predicted rate of incrd. production noted on screen; Carter reported seeking congressional exemption of heavy crude from windfall profits tax legislature [CARTER - says Senator Fin. Committee is considering broad loopholes to tax.] Pros and cons of crude oil price decontrol outlined.
REPORTER: Bettina Gregory
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