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Energy / Oil Prices and Supplies #65622

ABC Evening News for Wednesday, May 21, 1980
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(Studio) No. of OPEC (Organization of Petroleum Exporting Countries) nbrs. raising oil prices in recent weeks despite plentiful supply of crude oil noted.
REPORTER: Frank Reynolds

(No location given) Last year's gasoline shortage recalled; films shown. [WOMAN - says she doesn't think there's a gasoline shortage.] [May 15, 1979, President CARTER - comments on lack of evidence of collusion among oil companies] [1979, Standard Oil spokesperson John SWEARINGEN - says tight supply will continue.] [1980 Gulf Oil spokesperson, Bob BALDWIN - notes ample supplies this yr.] Events over past year leading to present supply situation outlined on screen. [BALDWIN - comments.] [Consumer Federation of America spokesperson Mike PODHORZER - comments on shortages.] [Energy Department spokesperson John SAWHILL - comments.] [Exxon spokesperson Edwin HESS - says consumers are responsible for present supplies.] Details outlined on screen.] Results of ABC-Louis Harris poll with regard to consumption listed on screen.
REPORTER: Roger Peterson

Reporter(s):
Peterson, Roger;
Reynolds, Frank
Duration:
00:04:20

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