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Oil Prices #783526

ABC Evening News for Wednesday, Mar 16, 2005
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(Studio: Peter Jennings) Today's record-high oil prices cited.

(Studio: Betsy Stark) The background to the record oil prices examined; details given of OPEC's promise of further production, of the growing demand for oil led by the US, China & India & of the impact on airline & car fuel prices. [Alaron Trading Corp. energy analyst Phil FLYNN†- comments on OPEC & China's petroleum reserve.] [Saudi Arabian embassy spokesman Nail al-JUBEIR†- says we are reaching production capacity; assesses the impact of high prices.]

(Studio: Peter Jennings) Senate vote to endorse oil drilling in Alaska's Arctic National Wildlife Refuge reported.

Reporter(s):
Jennings, Peter;
Stark, Betsy
Duration:
00:03:20

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