The United States will have to give Arab countries greater incentive to increase oil production, John Love, director of President Nixon’s Office of Energy Policy, said today during an interview on NBC-TV’s “Meet the Press.” He added, however, that the U.S. would not change its policy toward Israel.
Love contended that the U.S. will require more in the way of oil imports “or of major increases, at least into the mid-80s. As far as we know, the only countries that can produce that kind of increase are the countries around the Persian Gulf.” He focused on Iran, Saudi Arabia and Kuwait as the countries that have to be induced to increase oil production.
Love said that the U.S. must find ways to help these countries, especially Saudi Arabia, to find “beneficial ways to invest the tremendous number of dollars generated by their export of petroleum.” He noted that the U.S. cannot simply rely on pumping more dollars into these countries since they already have too many dollars.
ARABS HAIL SOCAL’S LETTER
Meanwhile, the letter sent out by Standard Oil Company board chairman, Otto N. Miller, urging the U.S. to show greater understanding of the Arabs, has prompted Arab pressure on foreign oil companies operating in the Arab world. The (London) Financial Times reported Friday from Beirut that the Federation of Arab Petroleum Workers sent letters to the presidents of foreign oil companies noting that the energy crisis is directly linked with the Middle East crisis.
The letter, according to the Financial Times, also urged the oil company presidents to point out to their governments that the Arabs “will not permit the United States to continue to benefit from Arab oil wealth while it backed their enemy,” presumably Israel. The Federation also praised SOCAL for its action. Fuad Mattar a prominent columnist for the Lebanese daily, Al Nahar, suggested several days ago that SOCAL’s advice to its employes and stockholders was more effective than all the calls for the use of Arab oil as a political action.
Twenty nine Black Hebrews living in Dimona will ask for an order nisi against the government to show cause whey they should not be allowed to stay in Israel.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
