• Short Summary

    President Nixon of the United States gave his second major speech on the energy crisis in Washington on Wednesday (23 January).

  • Description

    1.
    GV PAN White House and grounds
    0.11

    2.
    SV ZOOM INTO CU Nixon speaking
    1.47


    NIXON. "First we must protect the jobs of American workers. Second, we must prevent price gouging when you buy gas for your car and heating oil for your home. Third we will compel the oil companies and other energy producers to provide the public with complete information on their supplies and we will prevent them from making windfall profits as a result of the sacrifices that you are making. Today I asked the Congress to enact over fifteen different legislative measures which will accomplish these goals. In the next few weeks I will be sending up additional proposals to got this job done. This legislation is urgently needed to meet the current crisis and to assure that we, the United States, can become self sufficient in energy by 1980 and not be dependent upon any other country for our energy needs. For several weeks now millions of Americans have voluntarily accepted sacrifices in their comfort and convenience so that no American would suffer hardship because of the energy crisis. It is that sacrifice that has helped up to got through this emergency so far. If that kind of cooperation by millions of Americans continues it means that we can help to avoid gas rationing this spring.




    Initials AE/16.51 AE/16.56


    Part of his speech appeare on film.

    Script is copyright Reuters Limited. All rights reserved

    Background: President Nixon of the United States gave his second major speech on the energy crisis in Washington on Wednesday (23 January).

    The President announced that, in the 1975 financial year, spending on energy research and development would be almost doubled to 1,800 million U.S. dollars (750 million sterling).

    The legislation before Congress includes a tax on windfall profits to stop United States oil companies profiting from the crisis. It also abolishes ??? 22% price allowance which gave the U.S. oil companies an advantage when selling overseas. The purpose of the second measure is to cut oil exports, in order to provide more fuel for domestic use. Mr. Nixon added that the energy shortage was "a blow" to American pride and prosperity but said it could turn out to be a fortunate turning point. Americans had realised they were too dependent on foreign oil supplies.

    The President announced that, in the 1975 financial year, spending on energy research and development would be almost doubled to 1,800 million U.S. dollars (750 million sterling).

    In Washington on Wednesday, President Nixon described the Government's new measures designed to meet the energy crisis, caused mainly by the Arab oil boycott.

  • Tags

  • Data

    Film ID:
    VLVAAQDFK6D2CB2S5765OJK91KU4O
    Media URN:
    VLVAAQDFK6D2CB2S5765OJK91KU4O
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    24/01/1974
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:48:00
    Time in/Out:
    /
    Canister:
    N/A

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