ABC Evening News for Sunday, Jun 08, 1980
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(Studio) Expectation that world price of oil will rise as result of OPEC mtg. in Algiers reported Saudi Arabian opposition to price of $32 a barrel cited.
REPORTER: Sam Donaldson
(DC) 1973 establishment of strategic oil reserve plan recalled. [April 18, 1977 file tape President CARTER - makes oil reserve of 1 billion barrels his goal.] Suggestions that Carter administration was blackmailed into giving up oil reserves by Saudi Arabia. Mtg. of Energy Secretary Charles Duncan with Saudi oil minister Sheik Yamani recalled. [Senator Bill BRADLEY - says Carter administration has bowed to blackmail.] [May 22 DUNCAN - advocates strategic petroleum reserves.]
REPORTER: Bettina Gregory
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