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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... proposal for " special deals " for particular oil companies , and ( 3 ) failure of consumer critics even to try to analyze the national security issue . Furthermore , their talk of abandoning all import restrictions ob- scures the issue ...
... proposal is that it is not one of strong leader- ship . It is an obvious avoidance of making a hard decision and to that extent is not helpful to the President . I would appreciate your comments as to the above proposal , any ...
... proposal for a Pres- idential statement on oil import policy , provided that Venezuela is in- formed in advance ( Tab B ) .2 The memorandum to Flanigan at Tab A3 would inform him of your position . It extends the advance information ...
... proposal made by Libya they could do so if they were to sit down together with a member of the Justice Depart- ment . This information was given to John McCloy who also spoke to Mitchell . He very much appreciated the cooperation that ...
... proposal as a basis for a reasonable settlement . An inter - agency task force , under the chairmanship of Assistant Secretary of State Trezise and including Defense , Interior , and the Of- fice of Emergency Planning , has been formed ...