Energy Crisis, 1969-1974The Foreign Relations of the United States series presents the official documentary historical record of major foreign policy decisions and significant diplomatic activity of the United States Government.
This volume is part of a subseries of the Foreign Relations of the United States that documents the most significant foreign policy issues and major decisions of the administrations of Richard M. Nixon and Gerald R. Ford. This volume documents U.S. policy toward the global energy crisis beginning in 1969 and ending with Nixon's departure from office in August 1974. It will be followed by volume XXXVII, which covers the energy crisis during the administrations of Presidents Gerald R. Ford and Jimmy Carter, from 1974 until 1980.
This volume documents the U.S. response to the changes that took place between and among the oil producing nations, the consuming nations, and the oil companies. From 1969 to 1974 the established practices of the international oil industry, based on contractual obligations between producing nations and corporate entities that established production amounts and a pricing structure for oil, disappeared. The consequences were global in nature, stretching from budgetary windfalls for the producing states, to equally significant windfall profits for the corporations, to a shift in the global monetary balance of power, and finally to budgetary drains on all consuming nations. As a consequence of this power shift, the oil-producing Arab nations were able to impose an embargo on the United States in the wake of the 1973 Arab-Israeli war as a punishment for its support of Israel and as leverage in the post-war peace negotiations. While the volume's spotlight is on U.S. policymaking, a secondary focus is on events and policy repercussions in major energy consuming and producing states such as Canada, Venzuela, Great Britain, France, Germany, Japan, Iran, Saudi Arabia, and Kuwait.
Within this broad framework, the volume covers a range of topics and themes, the foremost of which is the U.S. effort to negotiate an end to the 1973 embargo. Additionally, there is in-depth coverage of the administration's attempt to reformulate its oil import program in 1969, negotiations between international oil companies and oil producing states, efforts to create bureaucratic institutions to deal with energy issues, and attempts to prepare U.S. consumers to adjust to the long-term consequences of tighter oil market and higher priced oil.
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... Import Controls was pri- marily domestic in nature . It required a different approach to research and a broader net . Among ... Imports and Separate Reports on the Oil Import Question . The David M. Kennedy Records in the Office of the ...
... Imports I. Domestic Considerations are : A. The major sources of domestic pressure against higher imports 1 Source : National Archives , RG 174 , Records of Secretary of Labor George P. Shultz , 1969–1970 , Subject Files , Box 63 ...
... imports . II . International Considerations A. Venezuela and Canada have special quotas because of a West- ern Hemisphere agreement . They may be expected to oppose a general increase in U.S. imports which would reduce the value of ...
... Import Program The attached background information2 may be helpful to you in your role as Chairman of the Cabinet Committee on Oil Imports . It is largely what we prepared or collected in the course of our involvement over the past ...
... import control program be dropped ? Imports of oil produced in Canada and Mexico enter the U.S. out- side the quota system if they are delivered across the border by pipeline . Substantial increases in imports from Canada , both by ...