Images (27)
Document
| id |
id
574791299
|
|---|---|
| contentType |
contentType
document
|
| source |
source
import
|
Source image fields (6)
Extracted text
OCR Page 1 of 27K
THE PRESIDENT HAS SEEN
DIGEST OF RECENT COMMENT
March 5, 1974
ENERGY
WS Journal reports Saudi oil minister Yamani has called for
end to embargo, saying it's "served its purpose, 11 and for "1st
time
he indicated conditions were right for ending" it. Yamani
"expressed belief shipments to US will be resumed following"
meeting of Arabs, which could be held Sun.
However, Monitor's
Ellis reports Sadat must persuade "newly reluctant" Faisal and
Kuwait that Israeli w/drawal "is, in fact, solidly underway."
HAK-Faisal relations "reportedly have cooled" because HAK is
"said to feel Yamani 'let US down' on easing embargo. 11
Simon on CBS AM said he doesn't know if reports are true but is hopeful
as is everyone that embargo will be lifted. While saying it'd make his
job easier and allow US to get on w/Project Independence, he noted
"critical" question is what the production levels and prices will be. If
shipments are same or higher than last summer, it'll obviously alleviate
need for rationing. As for energy bill, he again said it was bad legis.
Admin will continue to seek what it feels is necessary, he added. He
briefly explained allocation program and need to keep prices at a
reasonable level for consumers while allowing them to rise on crude
for incentive. Simon said obviously higher prices would attract more
crude supplies but he disagreed that new sources would appear suddenly
and mysteriously. He again attacked the "prophets of doom" and
"instant experts' who predicted much worse conditions.
Quoting authoritative sources, Sun's Keat says if embargo's lifted,
Arab crude prices could drop "as much as 40%" from prevailing level.
"Restoration of full production combined w/reduced use of oil thru
conservation and its high cost, should bring price of barrel of crude
in Persian Gulf down to $7, 11 but that'd "create 1 serious problem for
Admin¹¹ in that alternate sources "it plans to develop to make US indpt
of imported energy by '80 are economic only at somewhat higher prices
for crude. 11
Inquirer's Duff reports on US farms and "in towns those farms
support [in the heartland], the e-crisis is considered a creation of the
news. Fertilizer may well be in short supply, but gas is flowing. 11
AAA "no Colo.
Relations
belongs_to