Wagy Fuel Shortage
Wagy Fuel Shortage
Reporter Norm Wagy is on location in Washington DC, the Capitol Building is in the background. The topic of discussion is the fuel shortage. Wagy states that the shortage will be studied by both houses. He goes on to say that the interior department is considering a speed limit reduction for american highways. Changing the speed limit from 70 mph to 60 mph is expected to reduce gasoline consumption by 11%. It is thought that the savings could reduce the chance of a summertime shortage. The Senate Consumer Subcommittee will open hearings on the subject. "Meanwhile...." a congressman has charged that domestic producers were exporting 200,000 barrels of oil during last winter's shortage. Another congressman has called for the cancellation of the Indianapolis 500 in order to conserve gasoline. The suggestion is being written off.