THE PRESIDENT'S DAILY BRIEF 4 NOVEMBER 1974

• Document Type: FOIA
• Collection: President's Daily Brief 1969-1977
• Document Number (FOIA) /ESDN (CREST): 0006007859
• Release Decision: RIPPUB
• Original Classification: T
• Document Page Count: 11
• Document Creation Date: August 14, 2016
• Document Release Date: August 24, 2016
• Publication Date: November 4, 1974

Declassified in Part - Sanitized Copy Approved for Release 2016/07/15 : CIA-RDP79T00936A012300010036-1
The President's Daily Brief
November 4, 1974
Declassified in Part - Sanitized Copy Approved for Release 2016/07/15 : CIA-RDP79T00936A012300010036-1
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Exempt from general
declassification schedule of E.O. 11652
exemption category,58(1),(22.(3)
declassified only on approval of
the Director of Central Intelligence
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Declassified in Part - Sanitized Copy Approved for Release 2016/07/15 : CIA-RDP79T00936A012300010036-1
FOR THE PRESIDENT ONLY
November 4/ 1974
'Table: of Contents.
Oil Prices: There is a good chance that the Shah
of Iran's proposed single oil price system, or
some variant, will be adopted by the OPEC oil
ministers next month in Vienna. (Page 1)
Egypt: US naval officers observed more military
movements yesterday. (Page 2)
Liberia:
(Page 3)
Mexico: President Echeverria's statement during
his meeting with you that Mexico will no longer
insist on a bracero agreement is inconsistent
with his government's position. (Page 5)
Notes: USSR; Peru (Page 6)
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OIL PRICES
There is a good chance that the Shah
of Iran's proposed single oil price sys-
tem, or some variant, will be adopted when
the OPEC oil ministers meet next month-in
Vienna.
Several other OPEC nations have advanced single
price proposals, and the OPEC Working Committee on
Oil Pricing has agreed to recommend a single price
system to the ministers. If adopted., the system
would probably go into effect during the first quar-
ter of 1975.
The Shah's proposal, which he restated at a news
conference on Saturday, would lower the posted price
of light Arabian crude oil by about 14 percent. The
posted price is used, however, only for accounting
purposes. 111-q-fh-4-t1?-2222E21-E22-114-Dalsiuce-the
permhALE:t_l_gevenues-of-the-p-roducinag-counter
lower the average cost of oil to consumers. The Shah
.-----
recommends that company profits be restricted to ease
the consumer burden.
The Shah also proposes an indexing scheme that
would tie the price of oil to the prices of 20 or 30
selected commodities, a scheme virtually assuring
that the price of oil to consumers would increase.
FOR THE PRESIDENT ONLY
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EGYPT
US naval officers in Egypt saw
more military activity in the areas
of Ismailia and Cairo yesterday.
The officers reported that about 80 tanks seen
last week on the outskirts of Ismailia were no longer
there. They did see about a battalion of mechanized
infantry in the Cairo area, engaged in a maneuver
apparently intended to protect the international air-
port. They also observed for the first time in six
months a Concentration of amphibious vehicles and
approximately 50 trucks with bridging equipment
about 12 miles west of Ismailia.
According to Major General Nasser, the Egyptian
director of intelligence, Egyptian forces "had been
forced" to react to Israeli military preparations
and were nrenarina to meet any situation.
that training
is being emphasized and will continue, so long as
a state of vigilance."
would, however,
"scrupulously adhere to the disengagement agreement."
Predictably, he blamed Israeli rhetoric and military
moves for increasing tension in the Middle East.
the situation "warrants
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LIBERIA
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MEXICO
The Mexican press corps and some
government officials are scratching
their heads over President Echeverria's
announcement during his meeting with
you that Mexico will stop insisting
on a new bracero agreement with the US.
Echeverria's statement was not consistent with
the government's position; a bracero agreement,
which would legalize the large, illegal flow of Mex-
ican workers across the border, had been the fore-
most bilateral issue for Mexican policymakers for
many months. Foreign Minister Rabasa told Ambassador
Jova that Echeverria's decision was his own and, in
Rabasa's opinion, made for "mistaken reasons."
After your meeting, Mexican press reporting on
Echeverria's charter of economic rights and duties
of states was for a time misleading. The press at
first interpreted Echeverria's highly optimistic
comments to mean that the US would give the charter
unequivocal support. Later articles more accurately
reflected US reservations.
Mexico doubtless would like to settle differences
with the US over the charter's section on nationali-
zation of foreign properties, but it may not have
control over the charter's final wording. Radical
members of the Group of 77, the assemblage of nations
drafting the document, apparently intend to push for
the charter's adoption in the UN General Assembly
this year, regardless of whether the US and other
large states agree on the key articles.
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NOTES
Peru:
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