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Russians a Threat to U S Oil
New York AP reports that Soviet oil reserves and output threaten U S oil firms. 1962 Soviet output rose 11 percent and exports push toward 1 million barrels daily by 1965. Analysts warn of economic and political leverage, with gains in Italy Sweden and Teeland and a potential 14 million barrels per day by 1985. The piece cites M J Rathbone of Jersey Standard and notes NATO alarm and possible quiet U S pressure on allies to curb imports and equipment exports.
MENTIONED IN THIS ARTICLE
New York
U.S
M. J. Rathbone
Jersey
United States
Soviet Union