Texaco Public Relations, 1970s

Year Published: 1970s

Creator: Texaco D'Arcy Masius Benton & Bowles (DMB&B)

Format: 16mm

Description: Transcription: - Today, our country urgently needs 0:01 to find new energy supplies 0:04 and Texaco along with the entire oil industry 0:06 is actively engaged in this search. 0:08 This year, we're drilling 1,600 oil 0:11 and gas wells in the United States. 0:14 A 47% increase over 1973 0:16 and our need for funds to invest 0:20 in this expensive effort also has soared. 0:22 Additional taxes on oil companies are being proposed 0:25 which if imposed would reduce the industry's 0:29 available investment funds by $16 billion 0:31 over the next five years. 0:35 A large part of this money would be used 0:38 to develop new supplies 0:39 of oil and gas in the United States, 0:41 and today our country needs to develop more 0:43 not less of our own energy resources. 0:46 We have those resources and the capability to develop them 0:50 but without the necessary funds, the job can't be done. 0:54

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