International records / Foreign Relations of the United States

160. Paper Prepared in the Department of State

ar will stabilize and strengthen. This loss of purchasing power and the stagnant demand for OPEC oil has had a direct adverse effect on the ability of OPEC members to finance growing public expenditures. For members such as Venezuela, Indonesia, and Nigeria, immediate revenue needs will tend to outweigh concern over depressing effects of a price increase on global oil demand. The Saudis are not immune to this concern and have cut back production in the past year in part to assist the sales of other OPEC members. 4. Political and security. The political and security stake of individual OPEC mem…

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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	1978-09-19
Type	diplomatic document (FRUS)
Details	Foreign Relations of the United States, 1969–1976, Volume XXXVII, Energy Crisis, 1974–1980
Found at	https://history.state.gov/historicaldocuments/frus1969-76v37/d160
Archived copy	Look it up in the Wayback Machine
Record ID	`frus:frus1969-76v37/d160`

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160. Paper Prepared in the Department of State. Foreign Relations of the United States, 1978. Vero Archive, record frus:frus1969-76v37/d160.