International records / Foreign Relations of the United States
130. Briefing Memorandum From the Acting Assistant Secretary of State for Economic and Business Affairs ( Hormats ) to Secretary of State Vance
itatively. In addition, we want to call in some of the chits that the Administration has earned by its expenditure of political capital on bilateral and regional initiatives of great importance to such countries as Saudi Arabia, Iran, Venezuela, and Nigeria, while pointing out that an oil price rise would be likely to arouse a strong negative reaction in Congress and among the American people, complicating the pursuit of these initiatives. The President and you can make these political arguments with best effect. The basic arguments in our approaches to the OPEC countries will be: —An oil pric…
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