Capitol Journal - Oil Prices
Capitol Journal - Oil Prices
(01:00:00) WETA logo, PBS funding credit (01:00:14) Opens to two different men commenting on oil's relationship to the economy (01:00:34) Capitol Journal host HODDING CARTER in studio introduces show, Capitol Journal opening title screen and animation (01:00:57) Carter summarizes current congressional issues and introduces falling oil prices (01:01:35) Map of Middle East focusing on Saudi Arabia, within this country's drawn border on the map is superimposed an image of an oil refinery (01:02:04) Carter outside in front of the Capitol (01:02:17) Footage of the benefits of dropped oil prices - a car factory where robot arms assemble car frames, tractor in the field harvesting, cars at gas pumps, interviews with happy gas consumers pumping gas into their cars (01:03:11) Static image of oil pump field plays background to smaller window in which footage of oil production machinery, facilities and laborers is shown (01:04:00) Interview with HENRY SCHULER "energy expert" explaining financial problems caused by dropping prices (01:04:24) Footage of oil tanker and more oil production operations are showcased in small window superimposed over map of Mexico (01:04:52) Back to interview with Schuler about economic ramifications of oil on Mexico's economy (01:05:22) Footage of Senate energy committee meeting to discuss oil prices, Carter outside the Capital (01:05:55) Vice President GEORGE BUSH speaks from a podium in an auditorium about the dangers of rapidly falling oil prices, Secretary of the Treasury JAMES A. BAKER on McLaughlin's One on One says the administration supports the free market (01:06:35) President RONALD REAGAN gives differing opinions at a press conference about whether or not he supports a completely free oil market, interview with Schuler interspliced with footage of OPEC meeting in Geneva (01:08:00) Carter back in the studio segues to interviews: Secretary of Energy JOHN S. REMINGTON talks about why he believes in free market oil, the National oil reserve, oil prices, Senator LLOYD BENTSEN talks about oil prices and the damaging effect of free market oil on the Texas oil industry, Representative PHILLIP SHARP talks about falling oil prices and their effect on the domestic economy and domestic oil production (01:18:12) Back to studio where Carter introduces discussion panel : COKIE ROBERTS of Nation Public Radio, DONALD LAMBRO of United Features Syndicate, and CHARLES KRAUTHAMMER of the New Republic who discuss whether or not imposing import taxes is a good idea and the effect lower oil prices have on the national economy and domestic oil production (01:26:28) Carter thanks guests and closes out show, credits role (01:27:30) PBS funding credit