International records / Foreign Relations of the United States

130. Airgram From the Department of State to the Embassies in All OECD Capitals

, $5 oil will seem cheap). In any case the lead time in developing this synthetic oil would be very long. Producing capacity in Saudi Arabia is currently at a physical limit and there is almost no chance of Kuwait upping its output. Abu Dhabi, Iran, Nigeria and Venezuela all offer some shut-in capacities, and together could offset the 600,000 b/d loss of Iraqi crude, discreetly, so that no one will notice. But again, a loss of 4 million b/d could not be offset. 2. The Delegate from France ( Vaillaud ) expressed some surprise at the US statements, admonishing that France, in its continued depen…

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Source	Foreign Relations of the United States
Collection	International records
Kind	Document
Publisher	US Department of State, Office of the Historian
Date	1972-07-21
Type	diplomatic document (FRUS)
Details	Foreign Relations of the United States, 1969–1976, Volume XXXVI, Energy Crisis, 1969–1974
Found at	https://history.state.gov/historicaldocuments/frus1969-76v36/d130
Archived copy	Look it up in the Wayback Machine
Record ID	`frus:frus1969-76v36/d130`

Cite this record

130. Airgram From the Department of State to the Embassies in All OECD Capitals. Foreign Relations of the United States, 1972. Vero Archive, record frus:frus1969-76v36/d130.