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THE PRESIDENT HAS SEEN REVIEW OF TUES AM PAPERS AND TV/DIGEST OF RECENT COMMENT FEBRUARY 12, 1974 ENERGY Energy continues to dominate to overwhelming degree w/ DC Conf. on odd-even days for gas sales. The lead stories in 6 of 7 am papers. (5 of 7 p. 1 stories in Inquirer are on energy) "French Object to Joint Policy on Fuel Crisis" and "French Assail US Bid for Unity" are 2 leads on Conf. Similarly, "France Takes Steam Out of Energy Talks" is an inside head likely to be inspiring some anti-Gaullism across the US today HAK's 7-pt program led Star and NY Times. "Oil Parley Gets Warning" is Trib head on HAK speech. Initial success of NJ's mandatory alternate day purcheses compared w/ NY's spotty success w/ voluntary program is featured in NYC and Philly papers. And Monitor leads w/ report that Saudis are about to demand 100% operating ownership of Aramco, the largest oil producing country in world. CBS AM's Herman noted US-France disagreement altho RN urged cooperation and said energy could not be separated from other matters. On film RN said following a separate policy would be disastrous for long-term statemanship because it would drive energy prices up, the economy down, and countries apart. He noted that was not in US interest and suggested it was not in the interest of the other countries. Herman noted threaded thru RN's talk was a call for restraint of isolationists on both sides. France was left partially isolated in suggesting a shift of the meeting to the UN when Britain had no objection to maintaining working committees. West Germany said present conf. is too short and countries are too aware of their interdependence to solve much. W. German. and EEC Rep Von Pachelbel on CBS AM noted goal of conf. was to analyze what can be done to overcome the problems and to initiate a constructive dialogue between consumers and producers. He conceded trade war was great threat to evolution of joint policy, but hoped countries keep in mind that whatever they do should not harm or upset the economy. But he doesn't think anyone can condemn bilaterialism out right. He doesn't think there '11 be any military force used in the whole energy problem and pointed out the aim of the conf. was cooperation not confrontation.