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OPEC Price War #82860

ABC Evening News for Sunday, Feb 27, 1983
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(Studio) Major Persian gulf oil producers said issuing ultimatum to OPEC (Organization of Petroleum Exporting Countries) peers in effort to avert international oil price war; remarks of United Arab Emirates oil minister Manae Said al-Oteiba on "This Wk." outlined.
REPORTER: Sam Donaldson

(DC) [Courtesy "This Wk.", Treasury Secretary Don. REGAN - welcomes falling oil prices.] Admin.'s prediction of possible oil price drop's impact on various factors of United States economy outlined on screen, discussed. [Courtesy CBS, Martin FELDSTEIN - hopes for economy recovery.] [REGAN - criticizes Federal Reserve Bd.'s loose money policy.] [Courtesy NBC, Bd. chairperson Paul VOLCKER - responds.] Volcker's prediction of balance expansion mentioned.
REPORTER: Ann Compton

Compton, Ann;
Donaldson, Sam

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