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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... tion 198 of P.L. 102-138 added a new Title IV to the Department of State's Basic Authorities Act of 1956 ( 22 U.S.C. 4351 , et seq . ) . The statute requires that the Foreign Relations series be a thorough , accurate , and reliable ...
... tion at College Park , Maryland ( Archives II ) . Many of the Department's decentralized office files covering the 1969-1976 period , which the Na- tional Archives deems worthy of permanent retention , have been trans- ferred or are in ...
... tion changes pertaining to domestic energy , early efforts to create a de- partment of energy , and political calculation . They are also useful for tracking administration thinking on international energy . Among the most useful files ...
... tion of documents on the Task Force is Record Group 220 , Records of the Cabinet Task Force on Oil Import Control . Other documentation was found in Record Group 429 , Council on International Economic Policy . The Henry A. Kissinger ...
... tion " be continued , and if so , should the system be expanded to cover other Western Hemisphere sources like Venezuela ? When the control program was established in 1959,3 U.S. petro- chemical companies had adequate supplies of low ...