Five Industrial Nations Open Oil Price Discussions
The United States and four other industrial powers begin talks on high oil prices. Kissinger and Simon host foreign ministers from Britain France West Germany and Japan for an informal seven hour review at Camp David and State Department. No communique planned. Officials say no clear solutions exist and France fears provoking producers. Japan worries about reliance on Persian Gulf oil as its economy strains under prices.
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Kenneth J. Freed
Associated Press
Washington
United States
Camp David
Maryland Mountains
State Department
U.S
Sadat Denies Blame For Economic Woes
In Cairo President Anwar Sadat said Arab nations are not to blame for world economic troubles and seek only justice and stability. He urged understanding from the world community as oil prices influence the global economy and warned Zionist circles against blaming Arab wealth. He tied Middle East peace to Israel’s withdrawal from occupied lands and Palestinian rights.
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Cairo
Anwar Sadat
Middle East
Ford
Henry A. Kissinger
Sadat
Arab Socialist Union
Egypt
Bunn
Gamal Abdel Nasser
Israel
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Treasury
William Simon
Great Britain
France
West Germany
Japan
Kissinger
Big Oil
Jean Sauvagnargues
Persian Gulf
Venezuela
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Friedman's Jewelers
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WEIG
Triz
Magnavox
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Mobile Cart
Tniecee
Avery
Price
Phonos
College Village Shopping Center
High Point, N.C