Oil situation; ***ALSO AVAILABLE ON FS180174006** ENGLAND: London WYLLIE:SOF: ‘The oil industry…………….that it is possible’01:05
The 1973 oil crisis increased gas prices due to boycotts of foreign oil, causing concern at the OPEC meetings.00:17
Harry Bridges of Shell Oil Company denies that the oil companies have created a shortage, noting that profit money goes into research.00:09
President Richard Nixon speaks of ending the energy crisis and of the United States relying on its own resources.00:10
Charles Vanik testifies before a US House subcommittee hearing on windfall profits made by oil companies during the energy crisis.00:17