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Special Assignment (The Oil Glut) #67799

ABC Evening News for Thursday, Sep 04, 1980
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(Studio) Report introduced
REPORTER: Tom Jarriel

(NYC) Details with regard to current oil glut outlined on screen for US, Great Britain, France, West Germany, Japan; OPEC (Organization of Petroleum Exporting Countries) response to situation noted. [Petroleum research institution director John LICHTBLAU - comments.] [Hudson Institution spokesperson Herman KAHN - comments.] Oversupply noted having little effect on US gasoline, heating oil prices; details given. Spot market in Rotterdam discussed; films shown. Price variations for several ntns. listed. [PEOPLE - comment on prices in England.] OPEC (Organization of Petroleum Exporting Countries) mins., meeting in 2 weeks, said possibly taking action, particularly in Saudi Arabia. Energy Department official quoted. [LICHTBLAU - comments.]
REPORTER: Roger Peterson

Jarriel, Tom;
Peterson, Roger

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