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K:
What did he say about that?
C:
He just simply said that in effect perhaps we will have to get away
from that and find some new words to describe value and quit using
the words of art - in other words of net book value.
K:
Have you talked to Ken Jamieson?
C:
Yes, I have and gave him a fairly good rundown on it.
K:
Good. I felt an obligation.
C:
I told him that we were going to try to set this up for him to see you
this afternoon. He then expressed the hope that you would let him
know after that. The Prince has on his own initiative asked for a
week's delay of these negotiations.
K:
Oh good. Well, that's what Jamieson wanted.
C:
Jamieson is asking really for two weeks delay. I suggested to Saud
that they just hold everything in abeyance until after the election. I
said, "Now frankly things have reached the point where we don't want
the American oil companies negotiating foreign policy for us and I
said you and I are deeply engaged in foreign policy. 11 I got into the
whole Middle East situation with him and discussed it fairly lengthy.
I said, 'Now this country has been derelict in not establishing over
the years a more specific oil policy and an energy policy but this
President wants to do it and we're going to do it. But we can't do
it in the next two weeks and we don't want you all to take any action
that would set you on a course that would make a confrontation with
us inevitable because we're going to be a great consuming nation.
We're the largest consuming nation in the world. You're going to be
the largest producing nation in the world. You are now. Now frankly
we don't want you to set a course that makes it absolutely impossible
for us to work out and coordinate policy with you. Then he said,
"We need to get this settled. We're not going to do anything that would
make it impossible for us to work out a coordinated policy. That's
the reason his majesty wrote the President because we had understood
from things that were said in this country that this government was
for the first time seriously considering the establishment of an inter
policy and his Majesty's letter was for the purpose of inviting a dialogue
with us. 11 And I said, "Well, that's great. We'd like to have that
dialogue, but you must understand that we're all deeply involved in
election procedures here now for the next 90 days. I don't know what
great urgency there is in your moving forward with these negotiations
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"ocrText": "2\nK:\nWhat did he say about that?\nC:\nHe just simply said that in effect perhaps we will have to get away\nfrom that and find some new words to describe value and quit using\nthe words of art - in other words of net book value.\nK:\nHave you talked to Ken Jamieson?\nC:\nYes, I have and gave him a fairly good rundown on it.\nK:\nGood. I felt an obligation.\nC:\nI told him that we were going to try to set this up for him to see you\nthis afternoon. He then expressed the hope that you would let him\nknow after that. The Prince has on his own initiative asked for a\nweek's delay of these negotiations.\nK:\nOh good. Well, that's what Jamieson wanted.\nC:\nJamieson is asking really for two weeks delay. I suggested to Saud\nthat they just hold everything in abeyance until after the election. I\nsaid, \"Now frankly things have reached the point where we don't want\nthe American oil companies negotiating foreign policy for us and I\nsaid you and I are deeply engaged in foreign policy. 11 I got into the\nwhole Middle East situation with him and discussed it fairly lengthy.\nI said, 'Now this country has been derelict in not establishing over\nthe years a more specific oil policy and an energy policy but this\nPresident wants to do it and we're going to do it. But we can't do\nit in the next two weeks and we don't want you all to take any action\nthat would set you on a course that would make a confrontation with\nus inevitable because we're going to be a great consuming nation.\nWe're the largest consuming nation in the world. You're going to be\nthe largest producing nation in the world. You are now. Now frankly\nwe don't want you to set a course that makes it absolutely impossible\nfor us to work out and coordinate policy with you. Then he said,\n\"We need to get this settled. We're not going to do anything that would\nmake it impossible for us to work out a coordinated policy. That's\nthe reason his majesty wrote the President because we had understood\nfrom things that were said in this country that this government was\nfor the first time seriously considering the establishment of an inter\npolicy and his Majesty's letter was for the purpose of inviting a dialogue\nwith us. 11 And I said, \"Well, that's great. We'd like to have that\ndialogue, but you must understand that we're all deeply involved in\nelection procedures here now for the next 90 days. I don't know what\ngreat urgency there is in your moving forward with these negotiations"
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