International records / Foreign Relations of the United States
60. Telegram From the Embassy in the Netherlands to the Department of State
ncouragement. Estimated 79 percent of Europe’s oil came in 1969 from that area while another 7 percent came from EE . This dependence on these uncertain areas of supply would be greater by 1980; by that time other potential suppliers like Venezuela, Nigeria, and Alaska will be committed to other purchasers, principally US and Japan. Indigenous sources (North Sea oil, natural gas, and nuclear power) would not come near satisfying Europe’s demand. Tanker shortage for next two years means Europe will be operating on narrow margin, even if weather is mild and there is no interruption of supply for…
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