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Oil alliance proposed to counter OPEC
Rep. Robert H. Steele proposes an international oil consumers group to negotiate as a single body to keep prices low and pool energy development funds. The plan would include Japan Britain France Italy Spain the Netherlands and West Germany as part of a broader response to the Arab oil embargo and OPEC coordination. Steele has briefed the House Foreign Affairs Committee and Secretary Kissinger with no response reported.
MENTIONED IN THIS ARTICLE
Robert H. Steele
Conn
OPEC
Steele
Japan
Great Britain
France
Italy
Spain
Netherlands
West Germany
House Foreign Affairs Committee
Henry A. Kissinger
Middle East
Europe