1978 



Points out that America's vulnerability to periodic oil embargoes can be 

 lessened, but the goal of achieving energy self-sufficiency in the next few 

 years could cost more than it is worth. 

 Howell, Leon. "Asia, Oil, Politics, and the Energy Crisis: the Haves and the 

 Have-nots." (International Documentation Series.) New York, International 

 Pubhcations Service, 1974. 

 KlebanofiF, Shoshana. Middle East Oil and U.S. Foreign Policy, With Special 

 Reference to the U.S. Energy Crisis. New York, Praeger, 1974. 288 p. 



"Competent, fairly conventional history of American oil policy since the 



1930s. Writing prior to the embargo, the author warned against dependence 



on Arab sources." (1) 



Krueger, Robert B. The United States and International Oil: A Report for the 



Federal Energy Administration on U.S. Firms and Government Policy. New 



York, Praeger Publishers. 1975. 649 p. (Praeger Special Studies in International 



Economics and Development.) 



"The thesis permeating Krueger's FEA report rests upon the contention 



that recent developments have rendered foreign but primarily U.S. based 



multinational oil companies 'hostages' to the indigenous Middle Eastern 



oil-producing governments. Thus, the oil companies have neither purposively 



nor willingly perpetrated the present energy situation; father, they have 



been compelled to acquiesce to political events in the absence of any real 



bargaining leverage." Among the conclusions developed in this study are the 



following: the U.S. government should obtain information from oil companies 



concerning international petroleum arrangements which aflfect U.S. energy 



supplies and security ; tariffs would be helpful to reduce demand for imports 



and to increase domestic production; and "a federally owned and operated 



petroleum corporation would, in the long run, be counterproductive for 



preserving U.S. security of petroleum supplies and only create further 



bureaucratic inefficiency." (2) 



Lewis, Maj. John F. "The United States Energy Crisis and Saudi Arabia." 



Report No. 1580, Air Command and Staff College, Air University, April 1974, 



54 p. Available from the State Dept. as FAR 21806-G. 



The Middle East and the International System: II. Security and the Energy Crisis. 



London, International Institute for Strategic Studies [1975] 41 p. (Adelphi 



Papers, No. 115) 



Partial contents. — Strengths and weaknesses of the oil weapon, by F. 

 Itayim. — Natural resources and national security, by R. Cooper. — The 

 energy problem and alliance systems: Europe, by K. Kaiser. — The energy 

 crisis, the developing world and strategy, by B. WariavwaUa. 

 Mikdashi, Zuhayr. The Community of Oil Exporting Countries: a Study in Govern- 

 mental Cooperation. Ithaca, Cornell University Press, 1972. 239 p. 



". . . The major role of OPEC seems to have been in speeding up the 

 learning process. As with any cartel, its success is far easier when swimming 

 with the tide of a seller's market. This makes it unlikely that OPEC will 

 prove to be a good model for other commodities for which the market tides 

 are less favorable." 

 Sharebaugh, H. Robert. "Petroleum and Energy." Annals of the American Academy 

 of Political and Social Science, v. 420, July 1975: 86-97. 



"While the term scarcity does not describe precisely the short term world 

 energy supply situation, recent developments have focused world attention 

 on anticipated future scarcity. This article briefly defines scarcity as it applies 

 to energy today; considers some of the implications of scarcity; and examines 

 some considerations for the future. It emphasizes the United States petroleum 

 energy situation, as seen in the perspective of world energy supply, and calls 

 for more efficient use of energy, policies to stimulate new energy supplies, 

 and international cooperation on a long term basis. Finally, it discusses the 

 proper role of government in energy matters — specifically, domestic price 

 controls, tax policy, research and development funding, and a floor cost 

 for imported oil." 

 Solomon, Robert. "The Allocation of 'Oil Deficits' ". Brookings Papers on Economic 

 ActivUy, No. 1, 1975: 61-87. 



Investigates the balance-of-payments adjustment of the "oil deficits" 

 among the OECU covm tries, arguing in favor of some fixity of exchange 

 rates and against any direct attempts to influence capital or trade flows 

 among the member countries. 



