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International records / Foreign Relations of the United States

132. Memorandum for the Record

issue with Perez. See footnotes 2 and 4, Document 128 . We should push harder with Venezuela. Brzezinski said that oil would be an important item on the President’s trip. We intend to stress the oil issue in Venezuela, but put less emphasis on it in Nigeria, because of our ongoing initiatives in Africa, and in Saudi Arabia, because of Arab-Israeli concerns. It would be an important issue with the Shah. Blumenthal asked for practical suggestions. Reportedly, many OPEC members favor a 10–15% price hike. The Saudis, for tactical purposes, may propose a price freeze but in the end support a modera…

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