International records / Foreign Relations of the United States

35. Memorandum From C. Fred Bergsten of the National Security Council Staff to the President’s Assistant for National Security Affairs ( Kissinger )

so apply to Mexico, but is much less important in oil terms because Mexico would remain a small supplier anyway.) Other Western Hemisphere oil—primarily Venezuelan—would get a 20 cent preference over Eastern Hemisphere (Middle East, Iran, Indonesia, Nigeria) oil also on national security grounds. Most people think this is sufficient preference to ensure a large and growing share of our market for Venezuelan oil, but a few people (mainly ARA ) question this, especially for the distant future, and it is clear that the Venezuelans will regard anything less than equal treatment with Canada—which t…