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Oil squeeze by Arab nations nears crisis worldwide
Global oil crisis deepens as Arab embargo tightens. Europe and Japan face shortages with Dutch Dutch-German tensions and Common Market stress. Shell warns Japan of 17 percent cut with broader cuts likely. Canada taxes crude exports up. U S airlines trim flights. Philippines rationing planned. Bolivia and Venezuela raise oil prices. French and British leaders seek Arab mediation.
MENTIONED IN THIS ARTICLE
London
Washington
Henry A. Jackson
D-Wash
Senate Interior Committee
White House
John A. Love
Europe
Japan
Netherlands
Willy Brandt
West Germany
France
Belgium
Britain
Middle East
Shell International
United States
Canada
Philippines
Bolivia
India
U.S
Saudi Arabia
Rotterdam
Max van de Stoel
Brussels
Bonn
Brandt
Joop den Uyl
Israel