Texaco Public Relations, 1970s
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| - | 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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