Energy panel to delay decisions on restrictions
Washington energy officials said a three to four month wait is planned to gauge voluntary conservation results before any mandatory limits. Secretary Morton and aides urged major energy users to cut oil use by 175,000 barrels daily by 1975 and reduce production energy use 15 percent below 1972 by 1980, while stressing the need for a demonstration program before mandates.
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Saudi oil as leverage in peace talks hinted by prince
Abdel Adiz of Saudi Arabia in an interview warned that oil embargo could be used in seeking a Middle East settlement. He stressed that Saudi Arabia would not spare its resources for a just solution and that the oil card requires strong justification. Mexico City officials stated the United States would not receive special oil advantage, with Pemex seeking diverse buyers and aiding developing nations, Cuba among first to access Mexican oil.
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Pemex
Latin America
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