don't let OPEC control our oil

don't let OPEC control our oil - The US was only slightly...

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The US was only slightly dependant on OPEC oil in 1973 and when OPEC cut it’s oil we suffered greatly Arab-US Energy Needs In Perspective By Herman Franssen, September 2002 The following is the text of an address delivered by Dr Herman Franssen to the National Council on US-Arab Relations and US-GCC Corporate Cooperation Committees at the 11 th Annual Arab- US Policymakers Conference in Washington DC on 9 September. Dr Franssen is the President of International Energy Associates. Previously he was the Senior Economic Advisor of the Minister of Petroleum and Minerals in Oman. Prior to that he was Chief Economist of the International Energy Agency and served in various positions with the US Congress and Department of Energy. the fact that the US was only marginally dependent on Arab and Iranian oil compared with Europe and Japan. US efforts to protect its economy from the oil shock of 1973-74 through a series of
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