International records / Foreign Relations of the United States

267. Action Memorandum From the Assistant Secretary of Energy for International Affairs ( Goldman ) to Secretary of Energy Duncan and the Deputy Secretary of Energy ( Sawhill )

t has some oil available for contract sales and could temporarily relax its recently announced production cut, although the Kuwait stance on prices and contract terms has become harsh, as of late. There may be offsetting potential elsewhere, such as Nigeria, the North Sea, and small Gulf producers such as Qatar. • Current world stocks are 500 million barrels above last year’s level and at least 200–250 million barrels above normal. If properly used, these “excess” stocks could offset the loss of 1.5 million b/d from Iran for up to 6 months. Discussion The principal danger in the current situat…

No file is held for this record yet. The catalogue entry and the link to where it was published are kept.

Source	Foreign Relations of the United States
Collection	International records
Kind	Document
Publisher	US Department of State, Office of the Historian
Date	1980-04-23
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/d267
Archived copy	Look it up in the Wayback Machine
Record ID	`frus:frus1969-76v37/d267`

Cite this record

267. Action Memorandum From the Assistant Secretary of Energy for International Affairs ( Goldman ) to Secretary of Energy Duncan and the Deputy Secretary of Energy ( Sawhill ). Foreign Relations of the United States, 1980. Vero Archive, record frus:frus1969-76v37/d267.