U.S. Oil Companies and the Arab Oil Embargo: The International Allocation of Constricted Supplies, Prepared for the Use of Subcommittee on Multinational Corporations of ..., Jan. 27, 1975
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6.9 percent decline Abu Dhabi Algeria Libya Nigeria allocation base allocation of reduced Arab oil embargo Arab oil ministers Arab OPEC Non-Arab Aramco Bahrain barrels per day Base period Embargo Canada Change March 1973 Constraints CONSTRICTED SUPPLIES Crude and products crude oil current demand curtailment December December 1972 deliveries distribution Embargo December December embargo period Embargo thousands embargoes and cutbacks Exxon flexibility FRANK CHURCH historical base imports Indonesia Iran Iraq Italy Japan Kuwait loss of supplies major consuming MAJOR U.S. OIL Mid-East and neutral Netherlands non-embargoed November OAPEC Ministers October OIL AND PRODUCTS oil weapon OPEC Non-Arab OPEC OPEC Other Total period Embargo December petroleum supplies political product export controls production cutbacks PRODUCTS In thousands Qatar redistribute reduced supplies refined products refinery Saudi Arabia September 1973 levels STUART SYMINGTON third party sales thousands of barrels U.S. companies U.S. Government U.S. oil companies United Kingdom Venezuela Venezuela Iran