International records / Foreign Relations of the United States

62. Telegram From the Department of State to the Embassy in the Netherlands

other sources of energy to decrease the dependence on oil. 4. There is some movement on all of these fronts. Deminex , the German state-financed oil company, has been more active in its second year of existence, and is bargaining for concessions off Nigeria, Trinidad, Indonesia and elsewhere, for example. Other countries can be expected to follow the lead of France and Germany. 5. Several European countries are considering increasing their oil stocks, although only West Germany appears to have made a firm decision to increase its stocks to 90 days of consumption. The average level for European…