Nixon meets with top economy advisers to discuss the energy crisis. 

15 American, European, and Japanese companies agree to buy Iranian crude oil at record prices.
REPORTER: Walter Cronkite

(Akwaz, Iran) Iran offered oil earlier at much lower price, but oil companies and Nixon administration refused to buy. {National Iranian Oil Company Dr. Reza Fallah - insists Iran offered to sell oil to US.} Iran began selling oil to Eastern Europe, Asia, Africa after United States refused to buy. [FALLAH - thinks oil companies must shoulder some responsibility for United States energy crisis.]
REPORTER: John Sheahan

Reporter(s):Cronkite, Walter Cronkite; John Sheahan.


President lights national Christmas tree.