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233. Memorandum From the Director of the Policy Planning Staff ( Lake ), the Deputy Assistant Secretary of State for Economic and Business Affairs ( Hormats ), and the Assistant Secretary of State for International Organization Affairs ( Maynes ) to Secretary of State Vance

history in the Middle East that tax considerations are a critical factor in determining where oil companies invest. At the same time, it would be confrontational with respect to OPEC as a group and damage relations with countries such as Indonesia, Nigeria and Venezuela. It would not be consistent with our interest in expanding global oil supply, including OPEC supply, in order to moderate pressures on the world price. The US delegation to UNCSTD was authorized to invite the World Bank as part of its on-going efforts to coordinate energy assistance efforts to developing countries, to review ex…

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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	1979-09-06
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/d233
Archived copy	Look it up in the Wayback Machine
Record ID	`frus:frus1969-76v37/d233`

Cite this record

233. Memorandum From the Director of the Policy Planning Staff ( Lake ), the Deputy Assistant Secretary of State for Economic and Business Affairs ( Hormats ), and the Assistant Secretary of State for International Organization Affairs ( Maynes ) to Secretary of State Vance. Foreign Relations of the United States, 1979. Vero Archive, record frus:frus1969-76v37/d233.