Oil embargo warning
A United States Federal Energy Administrator (Mr F. Zarb) warned there would eventually be a new and much more serious Arab oil embargo involving nationwide power cuts, Agence France Presse reported. Mr Zarb said the United States had little power to stop the Arabs jacking up oil prices or imposing a new embargo. “The countries that produce oil for the most part have very few people. They don’t need wheat from the United States to survive,” he said. — Washington.
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Bibliographic details
Press, Volume CXVI, Issue 34128, 14 April 1976, Page 26
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82Oil embargo warning Press, Volume CXVI, Issue 34128, 14 April 1976, Page 26
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