INTERNATIONAL ENERGY BIWEEKLY REVIEW 16 NOVEMBER 1977

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's~ slld a a Approved For,J~aise 2001/04/11: CIA-RDP79B00457A001100010001-0F 16 November j 977 Approved For Release 2001/04/11 : CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 NATIONAL SECURITY INFORMATION Unauthorized Disclosure Subject to Criminal Sanctions DISSEMINATION CONTROL ABBREVIATIONS NOFORN- Not Releasable to Foreign Nationals NOCONTRACT- Not Releasable to Contractors or Contractor/ Consultants PROPIN- Caution-Proprietary Information Involved NFIBONLY- NFIB Departments Only ORCON- Dissemination and Extraction of Information Controlled by Originator REL. .. - This Information has been Authorized for Release to ... Classified by 015319 Exempt from General Declassification Schedule of E.O. 11652, exemption category: ?5B(1), (2), and (3) Automatically declassified on; date impossible to determine ye, ' Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 SECRET NOFORN Page Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Economic Impact and Consequences of Another OPEC Price Rise . . . . . . . . . . . . . . . . . . . . . . 11 Most Importers Unlikely To Appeal for OPEC Restraint . . . . . . . . . . 15 France: Energy Conservation . . . . . . . . . . . . . . . . . . . . . 18 i SECRET Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 SECRET NOFORN At the moment, agreement on an increase of 5 to 10 percent in the price of Saudi benchmark crude seems probable as cartel members prepare for their December meeting in Caracas. Whatever the outcome at Caracas, the next OPEC price rise will occur in the midst of an already troubled economic environment. Almost without exception the economic outlook for developed countries is poor-real growth is slowing almost across the board, unemployment is high and creeping still higher, and inflation remains stuck at double the long-term rate. Each of these problems will be aggravated by higher oil prices. In the event of a 10-percent oil price rise, the loss in Big Seven real GNP will approximate half a percent while nearly a full percentage point will be added to the rate of inflation. The damage to growth could be substantially worse if oil-related losses in real income and price stability spark a strong negative reaction from consumers and investors. Smaller industrial countries will be hit harder than the Big Seven by the oil price rise on several counts. For one thing, the direct loss in GNP will be larger since the smaller countries spend a higher proportion of their income on imported oil. In several cases, notably Turkey, severe payments problems and inability to finance higher oil import costs will necessitate still larger reductions in real GNP, perhaps as much as 2 percent in some instances. For non-OPEC LDCs, the chief impact of higher oil prices will be a more than $2 billion worsening in their current account deficit. In these circumstances, developing countries would need offsetting increases in foreign exchange drawdowns or added foreign borrowing to maintain imports and avoid losses in consumption and growth. Our analysis does not attempt to assess the impact of the next OPEC price rise on longer term problems, particularly the issue of future oil supply shortages. Given the lead times involved in developing new supplies, the main adjustments will have to be made on the demand side through higher real prices and in turn slower economic growth, as well as stricter government-mandated conservation measures. At this point, it is impossible to assess how much of an impact toward closing the potential energy supply gap a 10-percent nominal price increase will have. Despite the potential adverse effects of an oil price rise, foreign governments are not inclined to appeal to OPEC for restraint. The developed countries-large and Note: Comments and queries regarding this publication are welcome. They may be directed to of the Office of Economic Research, telephone 351-5804. Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 small-are convinced that only the United States can put effective pressure on OPEC. While many would join in a move to try to hold ell prices down, they believe it would be merely a pro forma exercise. Others, which want to preserve what they believe are special relationships with OPEC countries, would try_ to avoid any involvement. The non-OPEC LDCs may argu, against an oil Trice hike but would do it privately and on their own. Association with the developed countries on this issue would be politically unthinkable. (Confidential) Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 ECONOMIC IMPACT AND CONSEQUENCES OF ANOTHER OPEC PRICE RISE The following analysis by the Office of Economic Research discusses the potential impact of a 10-percent rise in OPEC oil prices this December, under certain assumptions about government policies in the major developed countries. OER assumes (a) that fiscal policies are not adjusted either to offset or to reinforce the contractionary effects of an oil price hike and (b) that monetary policy is neutral, that is, money supply is permitted to adjust to changes in the demand for money due to oil price hikes. In reality, policy reactions will differ widely from country to country, and no one can prejudge the action that will be taken. Nor can anyone prejudge the psychological impact on consumer and investor confidence, elements which could prove overriding during a period of sharp economic slowdown. Impact on Major Countries The contractionary impact of a 10-percent oil price rise on domestic demand would directly reduce real GNP in major countries from what it would have been. Additional losses would occur as income declines in one country are transmitted to others through reduced trade flows. Altogether, these income losses would reduce real GNP in the Big Seven countries by roughly half a percent next year.* At the same time, higher oil prices would add nearly 1 percentage point to inflation in the industrial countries while causing a roughly $7 billion deterioration in their combined trade balance. Given the impacts, we estimate higher oil prices would pose considerable risks to the already weakening pace of economic recovery. If expansion continues to languish or worsen, as we now expect, the oil-related losses in real income and price stability could spark a strong negative reaction from consumers and investors. The risks of this occurring are particularly high if prices rise at a time when recession psychology is already setting in and households increase savings rates in response to higher inflation and oil-related job losses. In these circumstances the possibility of Note: The results in this paper were calculated through use of an econometric model linking the domestic and international operations of the Free World economies. See appendixes A to C. *The calculation of GNP loss assumes that the full contractionary impact of higher oil prices occurs within one year. Most econometric models employed in examining the impact of the 1973-74 oil price hikes assumed that 75 percent of the impact occurred in the first 12 months and the remainder in the next 12 months. If we assume the same pattern, real GNP would be cut by 0.4 percent in 1978. The cumulative effect would still bea0.5- percent decline in real GNP from what it would have been. Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Big Seven: Impact on Real 1978 GNP of a 10-Percent Oil Price Rise Percent Change Total Impact Oil-Related Losses Oil-Related Gains United States .............................. -0.4 -0.6 0.2 Japan .......................................... -0.8 - 1.2 0.4 West Germany .......................... -0.5 -0.8 0.4 France ........................................ -0.6 -1.0 0.4 United Kingdom ........................ -0.1 -0.5 0.3 Italy ............................................ -0.9 -1.3 0.4 Canada ........................................ -0.2 -0.4 0.2 Weighted Average ................ -0.5 -0.8 0.3 Direct and indirect GNP losses due to higher oil prices. Direct and indirect GNP gains due to price rises for exports to OPEC. Big Seven: Impact on 1978 Inflation of a 10-Percent Oil Price Rise Percentage Point Change (:NP Deflator Index Consumer Price Index Wholesale Price Index United States .............................. 0.5 0.5 0.5 Japan .......................................... 1.0 0.9 1.5 West Germany .......................... 0.7 0.6 1.0 France ........................................ 0.8 0.7 1.3 United Kingdom ........................ 1.3 1.2 1.1 Italy ............................................ 1.1 1.0 1.3 Canada ........................................ 0.6 0.5 0.5 Big Seven: Change in 1978 Trade Due to a 10-Percent Oil Price Rise Million US $ Oil Imports Non-Oil Iinoorts Exports Total Trade Deficit Total .......................................... 10,080 - 2.490 280 7,310 United States .......................... 3,970 -660 110 3,150 Japan ...................................... 2,650 -490 270 1,890 West Germany ...................... 1,230 --450 -160 940 France .................................... 1,000 - 370 I () 620 United Kingdom .................... 270 - 70 101) 100 Italy ......................................... 910 -340 110 460 Canada .................................... 50 -110 1.0 -211) 150 Including an increase in exports to OPEC countries resulting from the higher oil revenues due to an assumed 10-percent price hike. These increases total $670 million for the United States, $490 million for Japan, $440 million for West Germany, $270 million for France, $270 million for the United Kingdom, $220 million for Italy, and $50 million for Canada. Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 oil price hikes turning a moderate cyclical downturn into a serious one cannot be completely ruled out. Country Impacts Even if a recession response is avoided, the impact on growth will be considerable, reducing real Big Seven GNP by approximately $21 billion from what it would have been. Italy would be the biggest loser, with real GNP dropping almost 1 percent. Japan and France would face losses exceeding 0.5 percent, while the other countries would experience smaller income reductions. In the case of West Germany-the only foreign country for which the impact on individual components of final demand can be readily calculated-the rise in oil prices would reduce growth in 1978 personal consumption by nearly 0.4 percentage points and growth in fixed investment by nearly 1 percentage point. Higher oil prices would have a significant impact on the rate of inflation in major countries. General price levels, as measured by the GNP deflator, would be increased by 0.7 percent on average; the rise in consumer prices would be roughly the same. The United Kingdom and Italy, where inflation remains high, would experience the largest oil-related price rises. The United States would be more vulnerable to the inflationary impact than in the past, since imports now account for almost 50 percent of US oil supplies. In all cases, the impact would be comparable to a more than 20-percent price hike four years ago, because of the increased share of oil in industrial production costs. In addition to the direct impact on production costs, higher oil prices will add indirectly to inflation pressures by fueling wage demands. The oil price hike would cause at least a $7 billion deterioration in the total trade balance of the Big Seven. Their net oil import bill will increase by roughly $10 billion, with the United States accounting for almost 40 percent of the rise. Higher oil bills will be only partly offset by reduced import demand caused by oil-related income losses and increased sales to OPEC members. We estimate that the price-induced rise in exports to OPEC would amount to little more than $2 billion next year for the Big Seven as a group. West Germany and Japan would account for about 40 percent of the increase, given their share of the OPEC market. Even with increased sales to OPEC, Canada will face an erosion in its non-oil trade balance because of the fall-off in US demand for Canadian goods. Country Risks West European countries will have the hardest time dealing with the effects of higher oil prices. France and Italy would face particularly tough sledding. With unemployment stubbornly high, Paris would be in a bad position to absorb any Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 oil-related job losses. Acting alone to compensate for these losses by taking stimulative measures would add substantially to France's already large current account deficit. Italy, for its part, would be constrained from acting because of its still high inflation rate. Offsetting the contractionary effect on demand would add about $350 million to Italy's import bill next year. West Germany is in a much stronger position to offset the effects of oil price hikes by taking stimulative fiscal measures. Bonn, however, is unlikely to add to the $6 billion package recently announced because of continuing concern over inflation. In these circumstances, West German forcasts of 3.5-percent real GNP gains next year may well prove overly optimistic, especially if oil price hikes further erode consumer and business confidence. The United Kingdom can Drobably absorb the oil effects fairly well in view of increasing North Sea production. Given its dependence on foreign trade, however, the UK would be hurt in the event of large shortfalls in growth in Germany, France, and elsewhere. Big Seven: Fiscal Stimulus Required to Offset the Impact on GNP of a 10-Percent Oil Price Rise Increase in Government Expenditures Reduction in Taxes Unilateral Action Simultaneous Action Unilateral Action Simultaneous Action United States ............ 2,680 1,780 3,770 2,890 Japan ........................ 1,790 1,067 2,960 1,820 West Germany ........ 1,040 540 1,510 680 France ...................... 740 440 1,000 620 United Kingdom ...... 150 100 170 70 Italy .......................... 610 450 780 620 Canada ...................... 240 70 300 30 Japan's position is similar to that of West Germany, although it enjoys a larger growth cushion. Offsetting the contractionary effects of oil prices on demand, however, would require a nearly $2 billion increase in government expenditures or a $3 billion tax cut:. Given Tokyo's concern over large budget leficits and continuing high inflation, the government will be reluctant to take such measures. The fiscal requirements would be cut roughly in half if all major countries did so simultaneously. Canada's economic problems will be exacerbated less by the direct effects of the oil price rise on domestic demand than by the loss in exports associated with the oil-induced reduction in US GNP. Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 The smaller industrial countries will be hit harder than the Big Seven by the oil price rise. The direct contractionary impact on domestic demand would be larger since a higher proportion of their income is spent on imported oil. Their heavy reliance on sales to the major industrial countries also makes many of them vulnerable to the oil-induced reductions in Big Seven demand. Altogether, the smaller countries as a group would experience a roughly 0.6-percent decline in real GNP from what it would have been and a roughly $2.0 billion deterioration in the trade balance. Given the severity of growth and payments problems that many of these countries already face, there is relatively little room to offset the income effects without exacerbating payments difficulties. Growth and Trade Impacts The 10-percent oil price rise will have a pronounced impact on the growth of most smaller industrial countries, with the Mediterranean countries facing the biggest losses. In the case of Greece and Portugal, for example, real GNP will be reduced 0.7 percent below what it would have been, according to our calculations. Spain would face a similar loss, while the-decline in Sweden will approximate half a percent. Other big losers include Austria, Turkey, Denmark, and Finland, all heavily dependent on oil imports. At the other extreme, the Netherlands and Norway should make out reasonably well because of large net exports of oil and gas. Selected Smaller Industrial Countries: Estimated Impact of a 10-Percent Oil Price Rise Oil-Related Loss in GNP (Percent) Oil-Related Rise in Trade Deficit (Million US $) Australia ................................ 0.2 150 Austria .................................... 0.7 20 Belgium ................................ 0.6 120 Denmark .............................. 0.7 120 Finland ................................ 0.5 100 Greece .................................. 0.7 80 Portugal ................................ 0.7 50 Spain .................................... 0.6 400 Sweden .................................. 0.5 260 Switzerland .......................... 0.6 150 Turkey .................................. 0.5 140 On the trade front, the increase in prices would add more than $2.8 billion to the net oil import bill of smaller industrial countries, bringing their total costs to almost $30 billion. Like the Big Seven, only a small part of the additional oil bill will be offset by increased sales to OPEC countries resulting from the oil price hikes. The Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 oil-induced erosion of demand will also reduce non-oil imports, but only slightly faster than the oil-related fail in exports fe Big Seven countries. Even with these offsets, the 17 smaller industrial countries will face at least a $2 billion increase in their combined trade deficit as a result of the 10-percent price rise. The smaller countries, of Smaller Industrial Countries Yvith Payments Constraints: course, would ].ace a subs-an- GNP Loss Required To Prevent Trade Balance tially larger trade deterioration if Deterioration they attempt to maintain normal GNP Loss GNP Loss income levels in the face of the (Percent) (Percent) oil price hike. According to our Austria .................. 0.7 Portugal ............. 1.3 calculations, their combined Denmark ........... 1.1 Spain ................. 2.2 ficit --1'l b Finland .............. 1.5 Sweden ............... 1.2 t de d ra e y ;about $4.0 billion instead of ....... ...r`r ............... $2.0 billion if they take stimu- lative measures sufficient to offset the GNP impact of the oil price rise.* Alternatively, if they choose to avoid any deterioration in their trade accounts, as some will have to do, the oil-related reduction in real GNP would amount to nearly 1.5 percent instead of 0.6 percent. Big Seven countries would also incur additional income losses as a result of the steeper decline in small country import demand. Danger Points The magnitude of the income and payments effects of an oil price hike will pose problems for several smaller industrial countries. Turkey, in particular, will face serious debt and payments problems even without higher oil prices. In addition to knocking one-half percentage point from its already dim growth prospects. the 10-percent oil price rise will add at least $140 million to Turkey's current account deficit-an amount Ankara s:!mply cannot finance. If Ankara is unable to obtain offsetting financing, it will have to reduce income by at least an additional 1.5 percent, bringing the total oil-related loss to 2 percent. The oil price hike will also aggravate problems for Spain and Portugal, impairing their ability to correct growth and payments difficulties. For Spain, the total foreign exchange costs will amount to $400 million; the costs would rise to nearly $600 million if the Spanish Government tries to avoid the 0.6-percent loss in GNP that would accompany the oil price rise. The comparable cost for ]Portugal would be $50 million or more, an amount Lisbon can ill afford. Among other small countries, Sweden and Denmark will also have to make adjustments to absorb their increased deficits of $260 million and $1 20 million., respectively. *"this calculation assumes that the smaller 17 countries act simultaneously and that the Big Seven do nor take stimulative measures to offset the oil-price impact on GNP. Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Impact on Developing Countries For non-OPEC LDCs, the chief impact of higher oil prices will be on their foreign economic position. The price rise would appreciably worsen their current account deficit by adding roughly $2.2 billion directly and indirectly to import costs. In these circumstances, developing countries would need offsetting increases in foreign exchange drawdowns or added foreign borrowing to maintain imports and avoid further losses in consumption and growth. Some losses in exports could also be expected to occur. Altogether, the non-OPEC LDCs would experience roughly a 2-percent deterioration in the terms of trade as a result of the price hikes. Trade Impact Non-OPEC LDCs: Impact of a 10-Percent Oil Price Rise on Import Costs price rise would add nearly $1.4 billion to the net oil import bill of non- OPEC LDCs as a group, raising their total oil bill (net) to about $15 bil- lion. Brazil, South Korea, Taiwan, and India would face the largest increase in costs. The 50 or more LDCs that import only about 10,000 b/d would each pay $4 million more annually for their oil pur- Of which: Argentina .............................. 58 29 Brazil .................................... 421 357 Chile ...................................... 45 33 India ...................................... 179 143 Peru ...................................... 21 4 South Korea .......................... 221 169 Taiwan .................................. 185 134 Zaire ...................................... 10 3 Zambia .................................. 16 9 Additional costs of oil imports resulting from higher oil prices. $ Additional costs of non-oil imports resulting from higher oil prices. chases. With the possible exception of Mexico, even the non-OPEC LDCs that are now small net oil exporters may not come out ahead. A rise in their non-oil import costs and a loss in export volume will at least partly offset gains from higher prices for their oil. Non-OPEC LDCs: Impact on Non-Oil Unit Import Costs of a 10-Percent Oil Price Rise By raising production costs in de- veloped countries, the 10-percent rise in oil prices would add almost $900 million to developing countries' non- fuel import costs in 1977. By our calcu- lations, non-OPEC LDC import prices for foodstuffs, intermediate products, and finished goods would increase 0.8 percent on the average if oil prices rise 10 percent. The 10-percent oil Imports from the Big Seven' .................... 0.8 United States ............................................ 0.4 Japan ........................................................ 1.3 West Germany ........................................ 0,8 France ...................................................... 0.7 United Kingdom ...................................... 1.0 Italy .......................................................... 1.1 Canada ...................................................... 0.4 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 At the same time, oil-related loss in d(-,,eloped countries real GNP would adversely affect LDC export volume by reducin;. demand for industrial raw materials below what it would have been. We estimate that the volume losses could cost non-OPEC LDCs almost $400 million. Some, particularly exporters of light manufactured goods, would compensate by raising export prices in line with oil-related increases in production costs. Raw material exporters may face softer markets because of oil-weakened demand in maior countries. Trouble Spots For a. number of countries, the oil price mikes will com :)licate already serious international financial problems. Zaire, now facing severe financial difficulties, will see its import bill rise by $ 10 million, absorbing almost 15 percent of this year's growth in export earnings. The cost to Zambia, also facing tough economic times because of weak copper prices, will be a more than $15 million rise in import costs. The added costs to Peru, Chile, Jamaica, and (1-hana, although small by international standards, will be quite large relative to their ,ability to pay. As a share of exports, the cost increase will be largest in the case of Jamaica. In all these instances, even small rises in import costs will impose special burdens unless offset by increased aid. Among the larger developing countries, Brazil will have the toughest time absorbing the foreign exchange costs of higher oil prices. Altogether, oil-related cost increases will add at least $400 million to $500 million to Brazil's import bill next year. These added costs, together with the recent sharp decline ir. prices for key Brazilian exports, will give a strong push to the current account deficit and, at a minimum, delay plans to relax economic austerity measures. Other countries likely to have problems absorbing oil-related foreign exchange costs include the Philippines and Morocco, both of which are already incurring larg=_r current iccount deficits than they can sustain. The risks of higher oil prices having a substantially worse impact than we have estimated are not inconsequential, particularly if present projections of 1978 GNP growth in the absence of the oil price rise prove overly optimistic. As it is, estimates of 1977 growth are being sharply revised downward, especially in Western Europe. If economic activity should continue this downward drift. the rise in oil prices would occur when recessionary psychology may already be settiig in. This would be in marked contrast to the timing of last year's OPEC action, which occurred when re- covery, though slow, appeared fairly well entrenched. The real question is whether already weakening consumer confidence will be further eroded by the effect of higher oil prices on income, prices, and employment. Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 If, for example, the momentum of events leads to an increase in household savings rates, the impact on aggregate demand would prove serious. By our calculations, an increase in the savings rate of 1 percentage point, coupled with the oil price rise, would reduce real growth next year in Big Seven. countries to only one-half of what is now projected. In these circumstances, real GNP gains would be limited to a mere 2 percent. This is substantially worse than what would occur as a result of a normal response to oil price hikes. Western Europe is particularly vulnerable to this recession scenario. Even without the oil price rise, real growth in Western Europe will average at best 3 percent. The oil price hike, combined with a recession response, would cut growth to only 1 percent or so. This of course assumes that governments take no measures to compensate for the contractionary impact of the oil price rise on demand. Taking such action would help forestall a recessionary response on the part of consumers and investors. Weaker governments in Western Europe, including the Mediterranean countries, may lack the balance-of-payments flexibility needed to take corrective domestic action unless the stronger economies do likewise. Appendix A Determining the Impact of Higher Oil Prices on GNP in Developed Countries Major Industrial Countries: Base Case Impact To measure the impact of higher oil prices on real and nominal GNP, we first calculated appropriate tax and expenditure multipliers* using 1960-73 data for each economy. In determining the multipliers, we linked the major economies together using marginal propensities to import and estimated 1976 trade shares. This procedure allows measurement of income losses in each country, including the indirect losses that are transmitted among countries through reduced international trade-a necessary approach in view of the simultaneous impact of higher oil prices on most economies. Before applying these multipliers, nominal 1978 GNP was increased to take into account the higher rate of inflation caused by the oil price hike. (The methods used in deriving the inflationary effects are discussed in Appendix B.) Because the increase in oil prices will have the same effect on consumer purchasing power as a tax increase, we applied the tax multiplier to the rise in oil costs in deriving the full impact on nominal GNP as the oil price increase works its way through the economy. *These multipliers measure the total change in GNP caused by a change in taxes or in government expenditures. Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 There will be some natural offsets that will tend to r~.!dece the impact on GNP, The most important of these will he the rise n developed country exports to OPEC that is caused by the increase in OPEC revenims attributable to higher oil prices. As with all exports, these sales to OPEC will have a stimulative effect similar to that brought about by a rise in government expenditures; we thus applied an expenditure multiplier to determine the full effects of thrise increased saes on national income. When these effects are combined with the contractionary effects of the oil price hike, they yield the net loss in nominal GNP To derive the loss in real GNP, these nominal values were deflate,] bv_ the oil-adjusted GN? price deflator for each country. Major Industrial Countries: Recession Case Impact The impact of higher oil prices on real t;NP would be substantially greater if consumers reacted by inereising their savings. To calculate the effect: of an oil-induced rise in savings rates, we assumed that households would permanently shift 1 percent of their consumption into savings; thus, in in economy where desired savings are 15 percent, this would imply almost a 1-percentage-point increase in the savings rate. Smaller Industrial Countries: Growth Impact To assess the impact of a 10-percent (-it price rise or the real GNP of the smaller industrial countries, we used a reduced form model that links 29 countries or regions through their foreign trade sector. We simulated the :ail-price-rise impact in this model by introducing an autonomous shock into the GNP equation for :each country or region that was equivalent to the size of the income drain from higher oil prices. Thus, GNP in each of `he countries initially dropped )y an amount equal to the size of the increased oil payments. This initial shack and its international feedback provided the estimated GNP impact of the oil price hike on the smaller industrial countries. We compared, for each of the Big Seven countries, tie results of both the reduced form and larger link models. We fund the GNP impacts were similar. Consequently, we feel the results estimated by the reduced form model for the smaller industrial countries are comparable with the estimates l'or the Big Seven. Appendix t; Determining the Impact of Higher Oil Prices on Inflation Rates in Major Developed Countries To calculate the impact of higher oil prices on inflation rates in the major developed countries, input-output tables for the Unit~d States, Japan, West Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Germany, France, the United Kingdom, and Italy were used. The tables enabled us to measure how a change in oil prices affects unit costs for individual items. We then assumed that workers will strive to maintain real wages in the face of the increased inflation caused by oil, forcing nominal wages to rise faster than they would have in the absence of higher oil prices. These oil-induced wage increases provide the second-round impact of an oil price hike on general price levels. The input-output tables have a somewhat different structure for each country. For the United States we used the Department of Commerce's 87-sector table for 1967. For Japan, we used the Economic Planning Agency's 60-sector table for 1970. For France, Italy, and the United Kingdom, 75-sector tables were used, and for West Germany, a 43-sector table. Each table was aggregated to a common format and updated to take account of relative price movements through mid-1976 using disaggregate wholesale price data for each country. By updating the price weights, we were able to take account of changes in relative prices across national economies. The major factor, of course, is the sharp rise in importance of energy costs since the tables were originally constructed. To derive the initial impact of higher oil prices on unit costs for each sector, the updated coefficients in the relevent row in the inverted input-output tables ((I-A)-') were increased by the change in crude oil prices. We judgmentally adjusted prices for other primary energy sources because the rise in oil prices tends to pull up these prices as well. In the case of the United States, however, the oil price rise was weighted by taking into account price controls on domestic production. The resulting sectoral changes in unit costs were then used to construct wholesale and consumer price indexes reflecting the expected rise in oil prices. National weights for each economy were used in this construction. We then adjusted wage rates for the rise in price levels caused by higher oil prices. The adjustments were made on the basis of quantitative relationships established between changes in the consumer price index and changes in hourly pay rates. The oil-induced portion of wage rate increases in turn caused a secondary rise in price levels by adding to unit production costs. In general, two iterations were made on each economy to capture what we believe would be most of the effect of a rise in oil prices. The process, which assumes a dollar-for-dollar pass-through in costs, provided the cumulative oil impact on wholesale and consumer prices in each economy. We then used these results to derive the impact on the implicit GNP price deflator for each economy. This measurement was obtained by establishing the quantitative relationship between changes in the consumer price index and changes in the GNP deflator for each country. 16 November 1977 SECRET Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 SECRET Appendix C Determining the Impact of Higher Oil Prices on Trade Balances Major Countries The rise in oil prices will increase net oil import costi across the board. To determine the impact on these costs, we first estimated 1978 net oil import volumes for each major country.* These estimates put 1978 import demand at 22.1 million b/d for the group as a whole. At this level of demand, each 5-percent oil price rise would add nearly $5 billion to the oil import bill of the major countries. While oil import costs would increase, non-oil imports would be lower than in the absence of oil-induced income losses. To determine the reduction in such imports, we estimated the marginal propensitti to import for each major country; in so doing, we could measure the change in import demand associated with a given change in GNP. With import demand reduced, exports of e ch major country will also be reduced since the largest share of non-oil imports by Big Seven countries comes from within the group. Using our multiplier model (see Appendix: A).. we distributed the reduction in each country's imports among the major exporters. Smaller Industrial Countries The impact on the smaller industrial countries' trade balances was calculated using the reduced form link model. The impact of the oil price rise on each country's imports volume was calculated by considering the effect of the oil-induced change in real GNP on import demand. The impact on each countries' export volume was calculated by considering the fill in trading partners' imports. The change in trade volume was then converted to value terms using assumed oil-induced changes in export prices and changes in import prices calculated from the change in trading partners' export prices. The results obtained for Big Seven trade balances using the reduced form model were similar to the estimates provided by the larger link model. This again suggests the results for the smaller industrial countries are comparable to those for the Big Seven. Developing Countries For non-OPEC LDCs the chief impact of higher oil prices w1l be on their foreign economic position. To calculate trade balance effects. the direct impact of higher crude prices on the non-oil LDCs' net oil import hil was first calculated. *We assume that oil import volume will be essentially unchane l from what it would have been in the absence of an oil price hike. Experience since 1973 indicates a high inelasticity in demand for oil; given the small response to the 400-percent rise in crude oil prices in 1973-74, a 5-, 10- or 15-percent price rise should have little effect. Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 Indirect trade effects were then calculated. These consist primarily of oil-induced price increases in developed economies' exports to the non-oil LDCs. The 0.5-percent reduction in developed countries' GNP would also reduce non-OPEC LDC export volume, although all or part of the loss of revenue was assumed to be offset as LDC exporters raise their prices to compensate for oil-related increases in production costs of manufactured goods. For the purpose of this analysis, we assumed that the volume of non-oil LDC imports was not affected by the oil price rise. To the extent this assumption proves faulty the erosion of the trade balances of industrial countries would be greater than we have calculated. (Confidential) MOST IMPORTERS UNLIKEILY TO APPEAL FOR OPEC RESTRAINT No foreign government is likely to beat the drums against an oil price increase despite the potential negative impact on its economy. Most developed countries are convinced that they would have no influence on OPEC by themselves and very little more by acting in concert with the United States. The non-OPEC LDCs, individually or as a group, will not take an open stand against OPEC and certainly would not join in a US appeal, even though many might privately welcome it. Developed Countries The developed countries maintain that only the United States can have an impact on OPEC decisionmaking. They believe that the key to US influence is its role in the Arab-Israeli dispute. The West Europeans and Japanese see their own Middle East policies as more even-handed than those of the Americans but have little hope of influencing thinking in Washington. These governments also cite increasing US demand for imported oil as the chief economic pressure behind an OPEC price rise. In their view, the lack of an effective US national energy policy undercuts any appeal to OPEC to hold the line on prices. Since government attitudes toward OPEC actions are shaped more by political than economic realities, the severity of the economic impact of an oil price increase is a poor guide to a country's political response. To date, none of the developed country governments has indicated interest in a concerted move against a price hike. While we anticipate that several oil importing countries would be willing to join the United States in public and private appeals to OPEC countries, a number of others would stand aloof. The United Kingdom and Norway, which have their own oil, would be unlikely to do anything. Among the major foreign industrial nations, West Germany, Japan, and Canada Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 probably would be receptive in varying degr.es to a U~ initiative to forestall an OPEC price rise: The West Germans, who have been protected from We full impact of OPEC price rises by the appreciation of the Deutschemark, believe that an appeal would carry little weight, parti,Allarly in view of the inability of the United States to curb demand for imported oil. The Japanese, determined to avoid even the appearance of confrontation with their Arab suppliers, probably would endorse a de narche only if it were supported by numerous other developed countri,.-s. The Canadians have few political hangups regarding the Middle East and probably would urge OPEC restraint; Ottawa already is dipping into general tax revenues to subsidize prices in oil-short eastent Canada. Among the smaller developed countries with large current account deficits, Austria and Denmark would likely support an appeal to OPEC. Both are relying on export growth to pull them out of the doldrums and thus fear the adverse effect of an oil price rise on their trading partners. Portugal might be persuaded to go along but would need prodding. Lisbon is likely to be extremely ci~utious in the wake of Arab reaction to its recent recognition of Israel. A sizable group of developed countries, most of whi"h already are contending with serious balance-of-payments problems, see no advantage to a consumer country plea to OPEC: The French probably would shun what they consider a futile gesture, which inevitably would smack of confrontation. The Italians want to preserve their perceived role as ..t bridge between the Middle East and North Africa and Western Europe and would be reluctant to join any action that might jeopardize this role or the numerous barter deals Italian firms have arranged with OPEC countries The Spanish., who do not recognize Israel and took a pro-Arab stance during the 1973 war, probably could not be persuaded of the value of an appeal to OPEC; Madrid has received about $150 million in loans from the Saudis this year and does not want to close the door To future borrowing. The Turks believe that OPEC has the right to set pries where it will, and they would be unlikely to work against a price rise for fear of losing what few benefits they receive from their large concessionary oil contract with Iraq. Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 Two developed countries-the United Kingdom and Norway-probably con- sider silence the best policy. Norway already is a net oil exporter, and the United Kingdom is expected to become a net exporter by 1980; both have consistently pegged their own oil prices to those of OPEC. Non-OPEC LDCs Despite private grumblings about OPEC stinginess, most non-OPEC LDCs are willing to suffer another 10-percent oil price rise without public protest. Any appeal to OPEC would be independent of the developed countries' positions; the non-OPEC LDCs would not risk their prized political solidarity by joining a US-sponsored effort: Brazil, which has the largest oil bill among the LDCs, has been courting Arab favor and capital since the 1973 embargo and probably would once again press OPEC for preferential treatment for all LDCs. India already has privately expressed concern to OPEC members about a further oil price increase but is unlikely to speak out publicly against countries that regularly provide substantial loans. Officials in New Delhi maintain that they have no right to criticize OPEC because its members were so long "exploited by colonial powers." Mexico, a net oil exporter, would tacitly support a price hike by OPEC and then follow suit. The small African states do not want to offend OPEC countries and thereby risk losing the little aid that they receive, even though their prospects for getting more assistance are not all that good. Prosperous Asian countries such as South Korea and Taiwan would not want to diminish their small influence in LDC circles by joining in a US-sponsored appeal to OPEC. (Confidential) 16 November 1977 SECRET Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 FRANCE:: ENERGY CONSERVATION This is the second is a series of arti, les on ene,g conservation- France is a leading enemy saver among the major industrialized countries. A SECRET 16 November 1977 Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 strong public conservation program combined with higher energy prices resulted in about a 305,000 b/d oil equivalent energy savings in 1976-8 percent below what consumption would have been in the absence of higher fuel prices. Energy conserva- tion in France in 1976 was somewhat above the average for OECD countries that we estimated in "The International Energy Situation: Outlook to 1985," April 1977. Moreover, relative energy savings in France amounted to nearly twice the UK performance. The government's long-term goal is to achieve a 900,000 b/d energy saving in 1985-about 15 percent of expected consumption. The latitude given policymakers under the French presidential system has enabled Paris to implement an impressive energy conservation program since the 1973 oil crisis. Moreover, unlike most other countries that have lifted the draconian measures imposed during the embargo, Paris has continued to strengthen its pro- gram. In July, Paris announced plans to spend $200 million next year to reduce energy consumption in the industrial sector, which has lagged other sectors in savings. The government also decided to tax industrial energy users and drop incentives to consumption now offered by elec- tric and gas utilities. The French conservation program aims mainly at reducing oil use, especially in the resi- dential sector, where the bulk of the energy sav- ings has occurred. The oil industry has criticized the government's one-sided attack on oil and ar- gued for equal treatment of other energy sources. Oil accounts for over 60 percent of total energy consumption. France is the only major developed country to ration heating oil. Since mid-1974 heating oil sales have been limited to 95 percent of the previous year's sales plus an adjustment for a natural expansion due to an increased housing stock. The rationing system is supported by fines. In addition, quantities delivered above the official limits are deducted from individual company quotas the following year. Heating oil use in 1977 will probably run about 20 percent below 1973 levels. France: Energy Savings from Conservation, by Sector, 1976 Thousand b/d Total: 305 The government has also set an upper temperature limit of 20?C in all homes, apartments, offices, and public buildings since 1974. Government agents are authorized to make spot checks and issue fines to offenders. Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 In September 1 975 the government ordered that all new multiple-unit buildings with a central heating system must be equipped to permit an allocation of individual heating costs. Moreover, all buildings must he equipped by September 1977 with devices to permit individual allocation of hot water costs. "f he government has set insulation standards in all new buildings and implemented financial incentives to promote increased insulation in existing buildings. Major government efforts to encourage conservati::m n the industrial sector include regulations and financial incentives. In September 1975 the government imposed a special levy on heavy fuel oil consumption above a certain limit equiva- lent to $4.70 a barrel, about 40 percent of the current spot narket price. Industries making energy-saving investments are entitled to financial aid of up to 25 percent of the project. The government subsidizes up to 50 percent of a demonstration project's cost. The most visible part of the government's conservation program is the annually announced oil import ceiling. The ceiling has been used more as a goal or success indicator, however, than a conservation measure. The government has yet to restrict imports to meet the limit. Ia fact, to meet the 1976 ceiling of $10.7 billion the government juggled the books. Prime Minister Barre announced in February 1977 that crude oil that entered France in the last 10 days of 1976 (prior to the oil price increase) for stocking by refiners would be considered part of the 1977 ceiling of $11.1 billion. In contrast., France's finance minister tined Electricite de France-the state- controlled power utility-the equivalent of about $1 million for violating; govern- ment limits on oil consumption last year. 'I he fine occL:rred despite utility claims that they had to step up production of electric power in oil-fired power plants sharply because a severe drought last sumtr.er had depleted hydroelectric power sources. The ministry acted on a complaint of the state .'nergy agency that accused the utility of violating a government edict that industrial fuel consumption in 1976 be held at 1973 levels. Moreover, the 1977 limit on heavy fuel use by the utility is 20 percent below last year's consumption level. Growth, Consumption, and Savings In 1976 France's energy consumption was I percen-: below pre-embargo 1973 levels. Oil use alone registered a 6-percent drop. Had the trend in energy use continued at the 1968-73 annual rate of 6.6 percent, energy consumption would Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 have averaged 4.3 million b/d instead of 3.6 million b/d actually consumed. The difference reflects both energy savings from conservation and the eco- nomic recession. Last year, real GNP was only 8 percent above the 1973 level; if the long-term annual growth rate of 5.9 percent had continued, GNP would have increased 19 percent from 1973. Prior to 1973 energy use by sec- tor had registered mixed trends. Be- tween 1968 and 1973 energy use by (a) the transportation sector, (b) the energy sector, (c) the industrial sector, and (d) the residential, commercial, public services, and agricultural sector rose at an average annual rate of 8.5 France: Industrial Output and Energy Consumption 76 percent, 6.7 percent, 4.9 percent, and 7.3 percent, respectively. The rapid growth in energy use by the transportation sector stemmed from a sharp rise in registered motor vehicles, rising real disposable income, and a drop in the real price of gasoline. Moderate growth in industrial energy consumption was due in part to a shift away from energy-intensive products. From 1968 through 1973 total industrial output rose at an average annual rate of 7.2 percent while the energy-intensive steel industry grew by 3.9 percent annually. This trend along with technological improve- ments is partly responsible for a 2.2 percent annual decline in energy consumption per unit of industrial output between 1968 and 1973. Efficiency trends in most other sectors deteriorated. The amount of energy used per dwelling, for example, grew steadily during the period, stemming partly from an increase in the use of energy-intensive appliances. Savings Record by Sector We estimate energy savings from conservation amounted to about 305,000 b/d last year. This estimate is derived from a sector-by-sector analysis of consumption and efficiency patterns since 1973. To determine the amount of savings in each sector, we assumed that the 1968-73 efficiency trends would have continued through 1976 in the industrial, energy, and residential sectors with or without the rise in fuel costs. In estimating savings in the transport sector, we related fuel consumption per registered motor vehicle to changes in real disposable income. 16 November 1977 SECRET Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 France: Energy Consumption by Sectors, 1976 Industrial Residential, Commercial, Public Services., Transportation Agricultural Energy Total thousand b/d Oil Equivalent 1968-73 trend .................................. 1,370 810 1,475 670 4,325 Growth adjusted .............................. 1,180 720 1,395 560 3,855 Actual ................................................ 1,160 670 1,190 530 3,550 Implied saving ................................ 20 50 205 30 305 Savings as a share of growth adjusted consumption .................. 1.7 69 14.7 5.4 7.9 Residential, Commercial, Public Services, and Agricultural Sector Savings in the residential.. commercial, public services, and agricultural sector in 1976 amounted to an estimated 205,000 b/d: 15 percent b ~1ow what would have occurred in the absence of higher fuel prices and government measures. Sav- ings in this sector far outpaced France: Prices of Fuels achievements in all other major sec- 250 tors. Most of the saving occurred in the residential sector, which accounts for nearly 85 percent of total con- sumption. This estimate is based on trends in energy use per square meter of liv- ing space adjusted for temperature. From 1968 through 1973 .this ratio had been increasing at an average an- nual rate of 5 percent, largely reflect- ing an increase in the use of energy- using appliances. In 1976 this ratio was 7 percent below 1973 levels. An agressive government conservation program along with higher fuel oil prices are mainly responsible for the impressive savings record. Since mid- 1974 the government has rationed heating oil sales and set a temperature Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 limit in homes, offices, and public buildings-both supported by fines. Moreover, the government has adopted attractive financial incentives to promote increased insulation. From 1973 through 1976 the weighted aver- age retail price of energy used by the residential sector jumped by more than 70 percent. Heating oil, which supplies about 60 percent of resident- ial energy requirements, rose by roughly 90 percent during the period to 53 cents per US gallon. Home heat- ing oil prices continued to rise in 1977 and by March were 59 cents per US gallon. France: Energy Efficency Trends Residential, Commercial, and Public Services 'L The industrial sector saved an es- timated 20,000 b/d in 1976, less than 2 percent of consumption. Higher en- ergy prices and to a lesser extent gov- ernment-financed incentive programs were the primary factors behind the energy saving. The weighted average retail price of energy used by industry rose 125 percent between 1973 and 1976. Oil accounts for about 40 per- cent of energy required by the indus- trial sector. The impact of financial incentives on conservation has likely been 1968 70 72 74 76 1. Derived from energy used per dwelling. 2. Output per unit of energy input. small thus far. It will take a few years before pilot energy saving projects are adopted industry wide. The small savings in 1976 are primarily the result of low cost investments and better maintenance. Investments made in 1976 amounting to about $200 million will start to show a return this year. Paris is disappointed with the modest amount of industrial energy saving achieved thus far. Industries claim that the recession, a lack of funds, and the high cost of borrowing have caused a postponement of investments not directly related to production capacities. The energy-intensive iron and steel industry in 1976, for example, used 2 percent more energy to produce a ton of steel than in 1973, thus reversing the pre-embargo trend. Between 1968 and 1973 the iron and steel industry Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 energy output ratio had been dropping at in annual rate of 0.5 percent. This industry accounts for roughly 25 percent of industrial erergy use. The loss in efficiency in the industry since 1973 is mainly the result of drop in output, which adversely affects the efficiency of heating installations. Iro- and steel output last year was nearly 10 percent below 1973 levels. Transportation Sector The transportation sector regis- tered energy savings of about 50,000 b/d in 1976.* This saving is roughly 7 175 percent below what would have oc- curred in the absence of higher prices, and equals the savings achieved in the United Kingdom. To calculate the sav- ings, we related energy use per regis- tered motor vehicle to changes in real = 150 disposable income. Higher motor fuel prices, better vehicle maintenance, and a change in driving habits were responsible. From late 1973 to yearend 1976 retail premium gasoline prices rose by two-thirds, reaching $1.71 per US gal- lon. During this period taxes rose nearly 50 percent to over $ .00 per US gallon. Last year the amount of energy consumed per registered vehi- cle was 7 percent below 1973 levels. From 1968 through 1973 this ratio was climbing at an annual rate of 3 percent. 1973 Oct Nominal 1. No miia pnc;s deflated by consamer price index. 77 Sep Despite the savings, the amount of fuel used per vehicle rose last year for the first time since 1973. A small decline in the real prit cf gasohne was partly *in measuring energy savings in the transport sector we compared actual energy Gse with ccnsumption obtained by assuming that the pre-embargo relationship between energy use per registered motor vehicle and real disposable income remained the same. Road transport accounts for about 85 percent of energy consumption in the transportation sector. Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 reponsible for this develop- ment. The real price of pre- mium gasoline, however, turned upward again from Jan- uary-June this year because of higher crude oil prices and a tax increase of 5 cents per gal- lon. France: Retail Gasoline Taxes US cents per gallon Premium Regular Diesel Fuel Oct 1973...... 65 69 39 1974...... 71 75 44 1975...... 73 77 44 47 1976 ...... 79 84 Jun 1977 d ...... 101 108 54 Energy Sector Savings in the energy sector totaled an estimated 30,000 b/d last year. About 10,000 b/d were saved by reducing energy losses in electric power generation. Between 1968 and 1973 the amount of energy loss per unit of fuel input dropped at an average annual rate of 2 percent. Had this trend continued, the ratio in 1976 would have been 6 percent below the 1973 level instead of the 16 percent drop actually achieved. Although the precise amounts cannot be quantified, some addi- tional savings were achieved from the continue shift to natural gas, which burns more efficiently than coal and oil. Savings of about 15,000 b/d were achieved in primary energy production, conversion, and transportation of fuels. Most of the savings was achieved in bunker usage. Because of slow steaming, bunker consumption declined 5 percent since 1973 while export volume rose 15 percent. Savings in energy production, conversion, and internal transportation were small last year. The amount of energy used in these industries remained proportional to final energy consumption. Between 1968 and 1973 this ratio declined at an average annual rate of 0.3 percent. In 1976 the ratio was less than 1 percent below the pre-embargo trend, indicating a marginal gain in efficiency. Despite large investments by oil refiners, savings by this sector last year averaged only about 5,000 b/d. In 1975 refiners invested $30 million to save energy and fight pollution. Savings by the refining industry have been hindered by sharply reduced capacity utilization, which fell from 86 percent in 1973 to 69 percent last year. Savings should mount rapidly as higher demand raises operating refinery rates. In the United States, for example, where operating refinery utilization has remained high, refiners have reaped impressive energy savings of more than 12 percent. Outlook The prospects for France reaching its 1985 savings goal of 900,000 b/d are good. France's limited resource base gives it few alternatives in the short or medium term in reducing its oil dependence. Consequently, it will likely continue to be 16 November 1977 SECRET Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 committed to conserving energy. In July, for example, Paris strengthened its conser- vation program by dropping incentives to use electricity and by penalizing builders of dwellings supplied by electricity. Additional savings will he more difficult than the low-cost, good-housekeeping type measures already made. Future investments will undoubtedly be less profitable, requiring the inconvenience of shutting down some installations that have not been fully amortized. Slow economic growth will also hinder energy saving investment projects. Nevertheless, Paris recognizes that an acceleration in energy saving investment will be required to meet its 1985 goal. The government is particularly disappointed in the modest savings attained by the industrial sector thus far. To spur efforts in this sector, Paris recently allocated $200 million next year to industries making energy-saving investments. Moreover, Paris will implement a tax of 1 to 3 percent on energy used by industry, effective 1 January 1978. Appendix France: Government Conservation Program The French energy program has placed more emphasis on energy conservation than most other major industrialized countries. Faced with a poor energy resource base, Paris believes that energy conservation together with nuclear power is the most efficient means of increasing French energy independence and security of supply. In 1976 France imported about 75 percent of its energy supplies. Energy Conservation Agency In November 1974 the government created an Energy Conservation Agency (ECA) answerable to the Ministry of Industry and Research and administered by an executive committee chaired by the Delegate General for Energy. With a staff of 50, the agency has the following major functions: ? To propose and administer conservation programs. ? Advise the general public on ways to save energy. ? Launch energy-saving demonstration projects. ? Provide assistance for certain energy-saving projects.. SECRET 16 November 1977 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 The goal of the agency is to reduce 1985 energy use by 900,000 b/d oil equivalent-15 percent below the level forecast prior to the energy crisis. To meet this goal, the agency has a three-pronged attack on all major energy sectors including actions designed: ? To reduce energy waste. ? Encourage investment in energy-saving devices. ? Promote research and development in the energy conservation field. Residential, Commercial, and Public Sector The brunt of the government's conservation policy is on heating requirements. The Energy Savings Act of 1974 contains two provisions aimed at the residential sector: one authorizes the government to take measures for controlling or allocating energy products and for banning advertising; the other authorizes it to adopt measures to reduce consumption specifically for heating purposes. The ECA launched a publicity campaign in 1975. Six films appeared on television a total of 65 times and six advertisements appeared in daily newspapers and magazines (a total of 250 times). This campaign was continued in 1976 and 1977. The ECA conducts a telephone answering service allowing the public to obtain energy conservation information. Since mid-1974 the government has rationed heating oil sales. Oilcompanies' sales are limited to 95 percent of the previous year's sales plus an adjustment for a natural expansion due to an increased housing stock. The rationing system is supported by fines. In addition, quantities delivered above the official limits are deducted from individual company quotas the following year. The quota was met in 1974 but exceeded by 2 percent in 1975/76 heating year (1 July-30 June). Preliminary data indicate sales in 1976/77 heating season were 5 percent below the quota. The quota for 1977/78 is tentatively set at only 2 percent above last year's consumption level. In December 1974 the government set an upper temperature limit of 20?C in all homes, apartments, offices, and public buildings. Agents of the Measuring Instru- ments Service are authorized to make spot checks and through 1976 nearly 21,000 checks had occurred. Fines of $120 to $200 can be issued for infractions of temperature limits. A total of 370 warnings or fines were issued in 1975. In September 1975 the government ordered. that all new multiple-unit buildings with a central heating system be equipped to permit an allocation of individual heating costs. Moreover, all multiple-unit buildings had to be equipped by September 1977 with devices to permit individual allocation of"hot water costs. Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Transport Sector Because gasoline, the major fuel used in the transpo;-t sector, had been re- strained by a high tax prior to the oil crisis, Paris believes the potential for conservation in this sector is limited. Moreover, because energy use in this sector is relatively small, a 50-percent drop in energy use would result in only a 9-percent drop in total energy use. Nevertheless, the government's 1985 energy-saving target is 120,000 b/d. Government efforts to promote savings in this sector include a publicity campaign and the promotion of public transportation. The ECA furnishes energy- saving information to the public indicating ways of reducing consumption. The government has circulated several hundred thousand pamphlets indicating the fuel efficiency of all motor vehicles sold in France_ Since late 1973 the tax on regular gasoline has jumped by 55 percent to 101 cents per US gallon. The automobile property tax is now based on fuel efficiency as opposed to horsepower as in the past and the government has set speed limits. Because the speed limits are excessive, 129 kilometers per hour on major highways, their impact on consumption has been negligible. In liaison with specialized laboratories the ECA has established methods for testing fuel-saving devices and measuring fuel efficiency. To receive approval from the ECA, a saving device must improve efficiency by 8 percent. Since April 1976 the standard fuel efficiency of private automobiles must be included in all advertising referring to fuel consumption, power, and performance. To promote public transportation, the government in my 1974 .reduced the VAT (value-added tax) on public transportation from 17.6 percent to 7 percent. At the same time the government raised the gasoline tax. The government encourages private companies and institutions to research and develop energy-saving automobiles and fuel. Last May, Elf Aquitaine began market- ing a new more efficient gasoline called Elf-Moins. Tests have indicated that the properties of a new additive result in a 6-percent energy saving. Elf Aquitaine devotes about $5 million, or 10 percent, of its research and development budget to energy saving. The 1985 energy-saving target for industry is 320,000 b/d oil equivalent. This saving will require a 25-percent drop in energy consumption per unit of output. To attain this objective the ECA estimates that energy investment spending must total $4 billion from now until. 1985. Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 Government efforts to encourage conservation in the industrial sector include a publicity campaign, regulations, and financial incentives. The aim of the publicity campaign is to increase awareness of the need to conserve and to inform industry of existing or new energy-saving techniques, processes, or products. The agency advises companies on the organization of conservation training courses and, in association with specialized laboratories, assesses the performance of energy-saving equipment. In May 1974 the government ordered authorized experts to examine energy use in major industrial plants. More than 100 experts have been appointed to assess about 4,000 establishments. The aim of this measure is to force industry to take a critical look at potential energy savings. In February 1975 the government estab- lished minimum yields required for boilers. One of the more visible conservation measures is a special levy imposed in September 1975 on heavy fuel oil consumption above a certain quota and below a certain quota. The tax of $4.70 a barrel is equivalent to about 40 percent of the current spot market price for heavy fuel oil. The levy is partly responsible for the 4-percent drop in heavy fuel oil use since 1973. Individual plants pay the tax on consumption above 87 percent of 1973 levels. The tax is not imposed on consump- tion above 112 percent of 1973 levels so as not to penalize growing industries. To avoid red tape, the tax is not imposed on plants that consume less than 6,700 barrels annually. The total tax may not exceed 0.4 percent of a plant's annual sales. Revenue from the levy helps subsidize energy-saving investments. The tax may be wholly or partially suspended for five years if plants undertake Sectoral Agreements established by the government industry and trade unions to make energy-saving investments. The standard contract Sectoral Agreement is for five years and sets: ? 1980 conservation targets. ? Financing provisions. ? Types of investments qualifying for aid. ? Provisions for metering energy use in plants. ? Procedures for periodic consultations with ECA officials on choices of energy sources. The maximum rate of aid was raised from 15 percent to 25 percent this year. In 1976, 17 agreements were concluded with trade organizations covering more than 1,000 plants and representing 65 percent of industrial energy use. The goal of these agreements is to achieve an annual saving of 100,000 b/d by 1980. 16 November 1977 SECRET Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 The government has set insulation standards on ill new buildings. Financial incentives have been adopted to promote increased insulation in existing dwellings. 'Taxpayers are allowed a tax credit of up to $1,400 plus $200 per person to cover insulation costs. Other energy conservation measures in this sector include bans on: ? Interior lighting of unoccupied buildings. ? Lighting advertising signs from I OPM to 7AM. ? Advertising of portable heaters. In the public sector each ministry is required to develop its own conservation program. To encourage conservation, the budget for heating is separated in each ministry and the purchase of automobiles is subject to approval by the Minisrry of Industry and Research. The ECA promotes new technology products and processes through a demon- stration projects scheme. The following are criteria for thi scheme: ? It must he a full scale project. ? The prospects of profitability must be sufficient. ? It must be suited to such general use that appreciable energy savings can be expected on a national scale. The government subsidizes up to 50 percent of a project's costs (the average is 20 percent). To date 54 of 80 demonstration projects have been launched in industry. The projects represent a total investment of about $32 million, including subsidies of $7 million. The government estimates that these projects will save nearly 200,000 b/d annually by 198.5. At yearend 197612 projects had been completed with expected energy savings achieved or bettered in 10 of the projects. Since December 1974 the Total Positive Negative ECA has banned all advertising aimed at enc i Opinions ...... 40 29 11 ourag ng energy Applications 28 15 13 consumption. In 1975 a warnings ....,. 36 special commission set up to monitor advertising met 1 1 times and handed down over 100 opinions, shown in the accompanying tabulation. The advertising law is supported by a prison sentcnence of from ?; tc 12 SECRET 16 November 1977 Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 months, and a fine of $100 to $5,400, or both to repeat offenders. In 1975, two citations were issued. France Toughens Program Paris has continued to strengthen its conservation program. The budget for administering the government's program doubled in 1977 to $13 million. In May 1977 a series of new conservation measures were approved, including controls on water heating and increased insulation standards in new construction. The Industry Ministry expects the new measures will save 100,000 b/d oil equivalent annually. In July the government announced plans to spend $300 million next year to reduce energy consumption. Two-thirds of this will be available to industries that intend to make energy-saving investments. The government has also decided to tax industrial energy users and drop incentives to consumption now offered by elec- tricity and gas utilities. A tax of I to 3 percent on energy used by industries will start on 1 January 1978, but companies that make energy-saving investments will be exempted. These new measures stem from the government's disappointment with industrial energy savings. In addition to adjusting utility rates to remove advantages of increased con- sumption, builders of dwellings supplied entirely by electricity will be penalized. A $500 tax will be imposed on new apartments and $700 on new private homes. From June 1978 the estimated heating cost will be required in all advertisements of new homes. The government also plans to implement recommendations of a special com- mission that include utilization of waste heat from the thermal power plant at Cordemais in the Nantes-Saint Nazaire region and the Brigey Plant in the Lyon region and installation of gas turbines to supply the urban heating system in the northern Paris suburbs. (Confidential) Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11 : CIA-RDP79B00457A001100010001-0 National ApprNv f?- FFuheipe 2001/04/11: CIA-RDP79B00457AO01100010001-0 Assessment Center International Energy Biweekly Statistical Review 16 November 1977 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 This publication is prepared for the use of U.S. Government officials. The format, coverage and contents of the publication are designed to meet the specific requirements of those users. U.S. Government officials may obtain additional copies of this document directly or through liaison channels from the Central Intelligence Agency. Non-U.S. Government users may obtain this along with similar CIA publications on a subscription basis by addressing inquiries to: Document Expediting (DOCEX) Project Exchange and Gifts Division Library of Congress Washington, D.C. 20540 Non-U.S. Government users not interested in the DOCEX Project subscription service may purchase reproductions of specific publications on an individual basis from: Photoduplication Service Library of Congress Washington, D.C. 20540 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 STATISTICAL REVIEW Total Free World Oil Production (Chart) OAPEC Oil Production (Chart) Non-Arab OPEC Oil Production (Chart) Free World and USSR Oil Production (Chart) Inland Oil Consumption (Chart) Net Oil Imports (Chart) World Crude Oil Production, Excluding Natural Gas Liquids ............................ 1 Free World Crude Oil Production, Including Natural Gas Liquids .................. 2 World Natural Gas Liquid (NGL) Production ...................................................... 2 OAPEC and OPEC Countries: Crude Oil Production ........................................ 3 OAPEC and OPEC Countries: Crude Oil Production Capacity .......................... 3 Estimated Proved and Probable Petroleum Reserves .......................................... 4 Estimated Imports of Crude Oil and Refined Products, 1976 ............................ 5 Selected Developed Countries: Crude Oil Imports, by Source ............................ 6 Selected Developed Countries: Trends in Oil Trade ............................................ 10 Developed Countries: Exports to OPEC ................................................................ 13 Developed Countries: Imports from OPEC .......................................................... 14 Selected OECD Countries: Trends in Inland Oil Consumption .......................... 16 Selected OECD Countries: Oil Stocks ..................................................................... 20 OECD Oil Consumption .......................................................................................... 21 Western Europe: Oil Spot Market Prices, 1974-77 .............................................. 21 Selected Developed Countries: Retail Petroleum Product Prices ........................ 22 OPEC Countries: Crude Oil Prices .......................................................................... 23 USSR: Crude Oil Production .................................................................................. 24 USSR: Regional Production of Crude Oil .............................................................. 24 USSR: Imports of Oil ................................................................................................ 24 USSR: Exports of Oil ................................................................................................ 25 USSR: Oil Consumption .......................................................................................... 25 USSR: Natural Gas Production ................................................................................ 26 USSR: Regional Production of Natural Gas .......................................................... 26 USSR: Natural Gas Trade ........................................................................................ 26 USSR: Consumption of Natural Gas .................................................. Eastern Europe: Oil Production and Consumption .............................................. 27 Eastern Europe: Oil Trade ........................................................................................ 28 Eastern Europe: Natural Gas Production and Consumption .............................. 28 Eastern Europe: Natural Gas Trade ...................................................................... 29 PRC: Oil Production, Consumption, and Trade .................................................. 29 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 WVr"CLdZJIL4/Offdl5tiC.I IUIV401MILLION BID Including Bahrain, Egypt, end Syria which are not members of OPEC. Non-OPEC Including about 1 million bid of Free World net imports from the Communist countries. 1973 ilncluding natural gas liquids Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 OARIEC6rCMi6aR MMJCTIINAW996WMg1 Wib 10001-0 Saudi Arabia Including about one-half of Neutral Zone production. Kuwait Including about one-half of Neutral Zone production. 3.5 Iraq 1973 1974 1975 1976 :1977 Approved For Release 2001/04/11 : CIA-RDP79B00457AO01100010001-0 1474 11.,; For Release 2001/04/11 : CIA-RDP79B00457A001100010001-0 1973 iMajor producers NON-ARAB OPEC OIL PRODUCTION 1 MILLION B/D Venezuela Nigeria V 2.0 2.0 JAN APR JUL OCT JAN APR JUL OCT JAN APR JUL OCT JAN APR JUL OCT JAN APR JUL OCT 1973 1974 1975 1976 1977 iMajor producers 574475 11-77 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 A roved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 ~'IEE WORLD AND USSR OIL PRODUCTION MILLION B/D 10.0 USSR United States s 10.0 --8.4- - 0.9 United Kingdom 1973 AVERAGE -0.032- 574476 11-77 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 INLAND OIL CONSUMPTION' MILLION B/D ao IEA Total 26 United States 1977 1976 1975 1974 1973 3 West Germany United Kingdom 3 JAN Italy Principal products only. 3 France Canada 3 JAN APR JUL OCT I-Except for the United States, excluding bunkers, refinery fuel, and losses. 574392 10-77 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 NET OIL IMPORTS MILLION B/D 25 23 Big Seven Japan 3 United Kingdom 12 United States Bureau of the Mines data through Feb 1976, thereafter API. 1977 ~-~? 1976 1975 1974 1973 West Germany France 3 Italy iCanada 1 JAN APR JUL OCT -1 JAN APR Jul. OCT '574477 11-77 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 World 55,755 55,875 52,990 57,350 59,130 59,200 57,910 58,700 Free World 45,850 45,145 41,470 45,110 46,520 48,400 45,000 45,750 Western hemisphere 16,145 15,290 14,135 13,820 13,850 13,740 13,860 14,400 United States' 9,210 8,770 8,370 8,120 7,960 8,040 8,190 8,460 8,650 Venezuela 3,365 2,975 2,345 2,290 2,350 2,170 2,200 2,280 Canada' 1,800 1,695 1,460 1,300 1,320 1,280 1,130 1,320 1,210 Mexico' 465 580 720 850 910 980 1,050 1,050 Argentina 420 410 390 390 430 430 450 450 Ecuador 210 175 160 190 200 170 150 190 140 Other 675 685 690 680 680 670 690 650 Eastern hemisphere 29,705 29,855 27,335 31,290 32,670 32,660 31,140 31,350 Western Europe 370 380 550 850 1,290 1,320 1,300 1,410 Norway 30 35 190 280 340 200 220 270 United Kingdom Negl. Negl. 20 240 630 800 770 820 Other 340 345 340 330 320 320 310 320 Middle East 21,215 21,855 19,590 22,180 22,300 22,140 21,110 21,020 Saudi Arabia 7,595 8,480 7,075 8,580 9,310 9,400 9,800 8,620 8,660 Iran 5,860 6,020 5,350 5,900 5,790 5,420 4,710 5,660 5,970 Kuwait 3,020 2,545 2,085 2,150 1,850 1,850 1,630 1,790 2,250 Iraq 2,020 1,970 2,260 2,420 2,230 2,330 1,900 1,900 2,100 United Arab Emirates 1,535 1,680 1,665 1,940 2,010 2,070 2,050 1,930 Abu Dhabi 1,305 1,410 1,370 1,590 1,660 1,720 1,720 1,600 1,650 Dubai 230 240 255 310 320 320 310 310 Sharjah 0 30 40 40 40 30 20 20 Qatar 570 520 440 490 420 410 390 500 340 Oman 295 290 340 370 370 350 330 330 Syria 100 120 185 200 200 190 180 180 Other 220 230 190 130 120 120 120 110 Africa 5,900 5,370 4,980 5,790 6,330 6,420 5,940 6,140 Nigeria 2,055 2,255 1,785 2,070 2,220 2,240 2,060 2,020 Libya 2,175 1,520 1,480 1,930 2,130 2,150 1,890 2,130 Algeria 1,070 960 960 990 1,070 1,060 1,000 1,000 Gabon 150 200 225 220 220 220 230 230 230 Egypt 165 145 250 330 370 430 440 440 Angola/Cabinda 160 170 140 110 170 160 160 160 Other 125 120 140 140 150 160 160 160 Asia-Pacific 2,220 2,250 2,215 2,470 2,750 2,780 2,790 2,780 Australia 370 390 410 420 430 430 440 440 Indonesia 1,340 1,375 1,305 1,500 1,690 1,700 1,690 1,680 1,670 Malaysia-Brunei 320 290 300 330 380 400 410 410 Other 190 195 200 220 250 250 250 250 Communist Countries 9,905 10,730 11,520 12,240 12,610 12,800 12,910 12,950 USSR 8,420 9,020 9,630 10,170 10,510 10,660 10,740 10,780 China 1,090 1,310 1,490 1,670 1,700 1,740 1,770 1,770 Romania 285 290 290 290 290 290 290 290 Other 110 110 110 110 110 110 110 110 ' Natural gas liquids amounted to an estimated 1.6 million b/d in Sep. Q Natural gas liquids amounted to an estimated 340,000 b/d in Sep. s Natural gas liquids amounted to an estimated 95,000 b/d in Aug. Including about one-half of Neutral Zone crude oil production, which amounted to about 320,000 b/d in Sep. 1 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Rele r e;OQd1(p411 IA RDP 9.90457A0101a 00015001-0 on, ng 1973 1974 1975 1976 Free World' 48,975 48,565 44,970 48,940 Non-OPEC Producers 17,665 17,505 17,425 17,755 United States 10,950 10,460 10,000 9,725 Canada 2,120 2,005 1,770 1,620 United Kingdom Negl. Negl. 25 280 Norway 30 35 195 300 Mexico 535 660 800 935 Other 2 3,530 3,545 3,735 3,795 OPEC 31,310 31,060 27,545 31,185 Saudi Arabia 7,685 8,610 7,215 8,765 Kuwait 3,080 2,595 2,135 2,205 Libya 2,210 1,540 1,510 1,965 Iraq 2,020 1,970 2,260 2,420 UAE 1,535 1,680 1,665 1,940 Abu Dhabi 1,305 1,410 1,370 1,590 Dubai 230 240 255 310 Sharjah 0 30 40 40 Algeria 1,100 1,010 1,020 1,080 Qatar 570 525 450 500 Iran 5,900 6,065 5,395 5,945 Venezuela 3,455 3,060 2,420 2,365 Nigeria 2,055 2,255 1,785 2,070 Indonesia 1,340 1,375 1,305 1,520 Gabon 150 200 225 220 Ecuador 210 175 160 190 1st Qtr 2d Qtr Jul Aug Sep 50,240 50 120 48 720 49 480 18,170 , 18,350 , 18,440 , 18,970 9,540 9,620 9,770 10,040 10,230 1,660 1,620 1,470 1,660 1,550 680 850 820 870 375 235 255 305 1,005 1,075 1,145 1,145 4,010 4,050 4,080 4,050 32,070 31,770 30,280 30,510 9,510 9,600 10,000 8,820 8,860 1,910 1,910 1,690 1,850 2,310 2,165 2,185 1,925 2,165 2,235 2,335 1,905 1,905 2,020 2,080 2,060 1,940 1,670 1,730 1,730 1,610 310 320 310 310 40 30 20 20 1,170 1,160 1,100 1,100 430 420 400 510 350 5,840 5,470 4,760 5,710 6,020 2,430 2,250 2,280 2,360 2,220 2,240 2,060 2,020 1,720 1,730 1,720 1,710 220 220 230 230 230 200 170 150 190 140 1 Free World and Non-OPEC Producers totals include net Communist imports of about 500,000 b/d in 900,000 b/d in 1975, 1,100,000 b/d in 1976, and 900,000 b/d in 1977. 2 Including Bahrain, Egypt, and Syria. Including about one-half of Neutral Zone production. World 2,845 2,860 2,855 2,995 3,095 Middle East 190 230 245 295 335 Free World 2,625 2,620 2,600 2,730 2,820 Saudi Arabia 90 130 140 185 200 OPEC 345 385 410 515 580 Iran 40 45 45 45 50 Non-OPEC 2,280 2,235 2,190 2,215 2,240 Kuwait 60 50 50 55 60 Western Hemisphere 2,275 2,220 2,150 2,140 2,150 Qatar 0 5 10 10 10 United States 1,740 1,690 1,630 1,605 1,580 Abu Dhabi 0 0 0 0 10 Venezuela 90 85 75 75 80 Iraq 0 0 0 0 5 Canada 320 310 310 320 340 Africa 65 70 90 125 135 Mexico 70 80 80 85 95 Libya 35 20 30 35 35 Other 55 55 55 55 55 Algeria 30 50 60 90 100 Eastern Hemisphere 350 400 450 590 670 Asia-Pacific 60 65 70 95 110 Western Europe 35 35 45 95 120 Australia 50 50 50 55 60 Norway 0 0 5 20 35 Indonesia 0 0 0 20 30 United Kingdom 0 0 15 40 50 Other 10 15 20 20 20 Other 35 35 35 35 35 Communist Countries 220 240 255 265 275 USSR 210 230 240 250 260 China Other N. A. 10 N.A. 10 N.A. 15 N. A. 15 N.A. 15 2 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 OAPEC' and OPEC 0 Countries: Crude Oil Production 1973 1974 1975 1976 1st Qtr 2d Qtr Jul Aug Total OAPEC (thousand b/d) 18,090 17,735 16,165 18,740 19,300 19,600 19,010 18,210 % change from Sep 1973' -11 -19 -6 -4 -2 -5 -9 % change from Dec 1976' -8 -7 -10 -14 Total OPEC (thousand b/d) 30,965 30,675 27,135 30,670 31,490 31,190 29,700 29,930 % change from Sep 1973 s -7 -18 -7 -4 -5 -10 -9 % change from Dec 1976 4 -8 -8 -13 -12 ' The members of the Organization of Arab Petroleum Exporting Countries are Abu Dhabi, Algeria, Bahrain, Egypt, Iraq, Kuwait, Libya, Qatar, Saudi Arabia, and Syria. E The membership of the Organization of Petroleum Exporting Countries consists of OAPEC members (excluding Bahrain, Egypt, and Syria), plus Dubai, Ecuador, Gabon, Indonesia, Iran, Nigeria, Sharjah, and Venezuela. In Sep 1973, the pre-crisis level of output, OAPEC countries produced 20,038 b/d and OPEC countries 32,956 b/d. In Dec 1976, the post-crisis peak of output, OAPEC countries produced 21,060 b/d and OPEC countries 34,070 b/d. OAPEC and OPEC Countries: Crude Oil Production Capacity Underutilization of Productive Capacity Estimated Productive Capacity' July Aug Saudi Arabia 2 10,500 700 1,880 Kuwait 2 3,500 1,870 1,710 Libya 2,500 610 370 Iraq 3,000 1,100 1,100 Abu Dhabi 2,000 280 400 Algeria 1,080 80 80 Qatar 700 310 200 Egypt 450 10 10 Syria 200 20 20 Bahrain 60 0 10 Total OAPEC 23,990 4,980 5,780 Iran 6,700 1,990 1,040 Venezuela 2,600 400 320 Nigeria 2,300 240 280 Indonesia 1,800 110 120 Dubai 340 30 30 Gabon 250 20 20 Ecuador 225 35 35 Sharjah 50 30 30 Total OPEC 37,545 7,845 7,615 Estimated at maximum efficient rate (MER) of production. In some cases output can exceed the MER for short periods of time without damaging the fields. z Including about one-half of Neutral Zone capacity production. OAPEC members (excluding Bahrain, Egypt, and Syria), plus the other countries shown. Approved For Release 2001/04/11: CIA-R6P79B00457A001100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 A Note on Petroleum Reserves Any estimate of oil and natural gas reserves must be treated as rough approxima- tion. Few countries publish official reserve estimates, and there is no consistent rigorous definition of reserves. Moreover, the volume of oil and/or gas in place, even in a well-delineated field, can never be precisely accurate; estimates of commercially recoverable oil and natural gas are usually made not by reference to existing technology but by reference to the production system currently in use, and even this can provide only an approximation. Assessments of proved reserves therefore do not mean absolute world availability; they are only an indication of the quantity of oil that is technically and economically feasible to extract with current techniques at current prices. CIA's reserve figures are for proved and probable reserves and are based on the best available published information and on our own judgemental analysis in cases where we have unique information. CIA uses the restrictive definition of probable reserves (as differentiated from possible reserves), common in the industry. Our proved and probable figure does not differ greatly from the proved figure in many cases, such as Venezuela, Iran, and Libya. In these countries, extensive exploration has taken place and extent:ions of known fields are considered unlikely. In other cases-such as Saudi Arabia, Mexico, and the United Kingdom-differences between proved and proved and probable reserves are considerably larger. Area and Country Crude Oil Billion Barrels Natural Gas Trillion Cubic Feet Area and Country Crude Oil Billion Barrels Natural Gas Trillion Cubic Feet World 665 2,626 Africa 59 211 Free World 600 1,764 Libya 25 25 Western Hemisphere 96 426 Nigeria 19 46 United States 2 39 219 Algeria 7 127 Mexico 25 43 Egypt 4 3 Venezuela 14 43 Gabon 1 Negl. Canada 2 8 71 Angola-Cabinda 1 Negl. Ecuador 2 11 Tunisia 1 7 Argentina 2 11 Other 1 3 Brazil 1 7 Western Europe 31 177 Colombia 1 7 United Kingdom 20 46 Peru 2 7 Norway 8 25 Trinidad and Tobago 2 7 Netherlands Negl. 71 Eastern Hemisphere 504 1,338 Spain 1 Negl. Middle East 392 845 Other 2 35 Saudi Arabia 158 106 Asia-Pacific 22 105 Kuwait 71 35 Indonesia 14 21 Iran 3 60 600 Brunei 2 11 Iraq 36 35 Malaysia 2 14 United Arab Emirates 34 Australia 2 35 Neutral Zone 17 India 2 3 Qatar 7 Pakistan Negl. 21 Oman 6 Communist Countries 65 862 Syria 2 USSR 40 812 Other 1 China 20 25 Other 5 25 ' Equivalent to 470 billion barrels of oil. 2 Including Arctic gas deposits and natural gas liquids. ' Including recent discoveries. Approved For Release 2001/04/11: CIA-RbP79B00457A001100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Estimated Imports of Crude Oil and Refined Products 1976 West Belgium/ Other US ` Western Ger- Japan Canada Europe many France UK Italy Nether- lands Luxem- bourg Spain Western Europe Algeria 437 2 14 430 213 94 19 70 3 3 28 0 Bahrain 3 32 0 8 1 0 6 0 1 0 0 0 0 0 Egypt 17 1 2 34 1 13 8 0 11 1 1 87 264 Iraq 38 128 33 1,171 35 327 105 318 34 131 Kuwait 9 450 6 674 38 86 229 13 111 8 58 8 Libya 532 41 25 1,150 424 63 57 237 12 0 89 26 45 Qatar 69 6 0 293 24 58 94 22 50 0 0 7 Saudi Arabia 1,371 1,719 122 3,262 379 877 370 516 354 293 376 0 9 0 Syria 1 0 0 107 23 53 3 0 0 28 0 206 UAE 319 530 16 813 138 234 74 20 115 26 Total OAPEC 2,796 2,909 218 7,942 1,276 1,805 965 1,196 691 360 638 1,011 Ecuador 63 0 2 0 0 0 0 0 0 0 0 0 0 Gabon 46 0 12 65 11 29 1 0 3 0 21 3 Indonesia 573 613 0 6 3 0 0 0 0 0 0 Iran 548 974 162 2,341 383 291 399 290 327 73 179 399 46 Nigeria 1,124 17 36 699 181 155 76 16 195 30 0 Venezuela 985 6 302 226 38 36 41 26 11 3 23 48 5 7 Total OPEC 6,114 4,486 730 11,130 1,867 2,250 1,465 1,528 1,215 437 861 1, 0 Canada 599 0 0 0 0 0 0 0 0 0 0 0 0 Mexico 91 0 0 0 0 0 0 0 0 0 0 Other 470 716 24 2,362 a * 917 282 570 740 208 288 123 1,766 273 Total 7,295 5,235 756 13,641 2,809 2,598 2,052 2,268 1,435 754 984 2, Products traced to source of crude oil. 2 OAPEC members excluding Bahrain, Egypt, and Syria plus other countries shown. s Because of intra-European trade, components do not add to the totals shown. Other and unknown. 5 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Selected Developed Countries: Crude Oil Imports, by Source United States Algeria Egypt Iraq Kuwait Libya Qatar Saudi Arabia United Arab Emirates' Other2 Total OAPEC Ecuador Gabon Indonesia Iran Nigeria Venezuela Total OPEC Canada Mexico UK Norway Other Total Canada Algeria Egypt Iraq Kuwait Libya Qatar Saudi Arabia United Arab Emirates' Other 2 Total OAPEC Ecuador Gabon Indonesia Iran Nigeria Venezuela Total OPEC' Other Total Sep 1973 (P re- Crisis Level) 1974 1975 1976 1st Qtr Apr May 124 180 264 408 527 654 381 0 9 5 17 12 16 82 17 0 2 26 28 52 168 44 5 4 1 64 67 51 153 4 223 444 641 776 749 41 17 18 24 39 34 94 599 438 701 1,222 1,371 1,429 1,716 88 69 117 255 336 324 237 0 0 0 0 6 0 0 1,066 722 1,334 2,397 3,024 3,352 3,478 33 42 57 51 51 53 77 0 23 27 26 37 26 42 249 284 379 536 565 474 480 205 463 278 298 518 517 535 409 697 746 1,014 1,278 1,238 1,060 405 319 395 241 173 285 251 2,367 2,541 3,211 4,546 5,628 5,929 5,841 998 791 600 371 282 313 248 8 2 70 87 144 145 174 0 0 Negl. 13 86 35 50 0 1 12 35 54 0 59 98 133 207 218 308 347 367 3,471 3,477 4,105 5,287 6,520 6,785 6,821 Sep 1973 (Pre- Crisis Est 2d Level) 1974 1975 1976 Qtr Qtr Jul 0 12 Negl. 0 0 0 0 0 0 0 0 0 0 0 23 10 31 29 17 6 36 0 25 29 2 0 0 0 56 9 9 20 0 0 0 0 0 2 0 0 0 0 82 91 165 109 188 168 145 49 24 46 57 4 11 1 0 0 0 0 0 0 0 210 171 282 217 209 185 182 13 6 1 0 0 0 0 0 0 3 0 0 0 0 0 0 0 0 0 0 0 149 199 202 157 145 126 94 39 14 17 28 11 7 0 485 351 265 269 263 262 215 896 741 770 671 828 580 491 44 79 54 49 83 109 123 940 820 824 720 711 689 614 Sep May 1973 1977 3.6 5.6 0 1.2 0.5 2.5 1.3 0.7 4.4 11.0 1.2 1.4 17.3 25.2 2.5 3.5 0 0 30:7 51.0 0.9 1.1 0 0.6 7.2 7.0 5.9 7.8 11.8 15.5 11.7 3.7 68.2 85.6 28.8 3.6 0.2 2.6 0 0.7 0 0.9 2.8 5.4 100.0 100.0 Sep Jul 1973 1977 0 0 0 0 2.4 5.9 0 0 6.0 0 0 0 8.7 23.6 5.2 0.2 0 0 22.3 29.6 1.4 0 0 0 0 0 15.9 15.3 4.1 0 51.6 35.0 95.3 80.0 4.7 20.0 100.0 100.0 6 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Selected Developed Countries; Crude Oil Imports, by Source (Continued) Japan Algeria Egypt Iraq Kuwait Libya Qatar Saudi Arabia United Arab Emirates' OtherI Total OAPEC Ecuador Gabon Indonesia Iran Nigeria Venezuela Total OPEC 3 Other Total United Kingdom Abu Dhabi Algeria Egypt Iraq Kuwait Libya Qatar Saudi Arabia Other 3 Total OAPEC Dubai Ecuador Gabon Indonesia Iran Nigeria Sharjah Venezuela Total OPEC 3 Other Total Sep 1973 (P - re Crisis Level) 0 0 0 488 31 0 1,148 511 0 2,181 0 0 638 1,554 101 7 4,481 397 4,878 1974 5 2 40 479 70 6 1,304 533 0 2,439 0 0 671 1,222 87 9 4,428 370 4,798 1975 6 0 92 416 59 3 1,355 408 0 2,339 0 0 518 1,147 71 5 4,080 459 4,539 1976 0 Negl. 127 342 41 2 1,572 530 0 2,814 0 0 553 928 17 6 4,118 483 4,601 1st Qtr 0 0 162 350 11 28 1,846 586 0 2,983 0 0 669 957 0 7 4,616 568 5,184 2d Qtr 4 0 162 399 35 21 1,429 494 0 2,544 0 0 665 771 0 7 3,987 485 4,472 Jul 0 0 318 255 13 0 1,445 486 0 2,517 0 0 628 666 0 7 3,818 580 4,398 Aug 11 0 132 403 21 51 1,723 579 0 2,920 0 0 706 824 0 0 4,450 490 4,940 Sep 1973 (P - re Crisis Level) 1974 1975 1976 Qtr Qtr Jul Aug 28 86 47 29 35 44 45 41 46 10 29 18 14 8 12 12 0 5 16 3 0 11 37 0 67 64 52 105 114 110 50 80 293 343 218 229 181 217 183 147 98 175 53 45 20 50 62 32 73 96 77 94 78 24 34 20 530 712 444 370 405 457 361 275 0 0 16 3 0 0 0 0 1,135 1,491 952 896 847 921 784 807 48 26 30 45 36 36 14 74 0 0 0. 0 0 0 0 0 0 14 0 0 0 0 0 0 0 0 0 0 0 0 0 0 317 290 351 398 414 269 145 243 188 158 117 76 70 13 16 18 0 0 0 0 0 0 0 0 66 66 64 29 16 22 18 33 1,754 2,040 1,482 1,438 1,383 1,250 940 975 163 226 261 326 263 240 170 288 1,917 2,271 1,775 1,770 11,648 1,501 1,147 1,263 Sep Aug 1973 1977 0 0.2 0 0 0 2.7 10.0 8.2 0.6 0.4 0 1.0 23.5 34.9 10.5 11.7 0 0 44.7 59.1 0 0 0 0 13.1 14.3 31.9 16.7 2.1 0 0.1 0 91.9 90.1 8.1 9.9 100.0 100.0 1973 1977 1.5 3.2 2.4 1.0 0 0 3.5 6.3 15.3 11.6 5.1 2.5 3.8 1.6 27.6 21.8 0 0 59.2 48.1 2.5 5.9 0 0 0 0 0 0 16.5 19.2 9.8 1.4 0 0 3.4 2.6 91.5 77.2 8.5 22.8 100.0 100.0 7 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Selected Developed Countries: Crude Oil Imports, by Source (Continued) Sep 1973 (Pre- Crisis Level) 1974 1975 1976 Qtr Qtr Jul 1973 1977 West Germany Algeria 239 201 204 210 227 164 215 10.4 10.5 0 0 4 0 0 0 0 0 0 Egypt Iraq 43 73 28 35 31 21 0 1.9 0 Kuwait 102 82 54 25 24 16 0 4.4 0 Libya 418 320 296 421 470 354 408 18.2 20.0 Qatar 18 20 25 24 13 24 0 0.8 0 Saudi Arabia 710 514 371 378 376 404 545 30.9 26.7 United Arab Emirates' 162 169 158 125 155 156 140 7.1 6.9 Other 2 26 19 16 25 22 25 26 1.1 1.3 Total OAPEC 1,718 1,398 1,156 1,243 1,318 1,164 1,334 74.8 65.3 Ecuador 0 0 0 0 0 0 0 0 0 Gabon 32 19 21 11 10 0 1.4 0 Indonesia 0 0 0 4 25 8 1 0 Negl. Iran 248 265 281 380 338 319 288 10.8 14.1 Nigeria 168 241 202 181 162 177 227 7.3 11.1 Venezuela 42 38 43 28 16 18 31 1.8 1.5 Total OPEC' 2,182 1,942 1,686 1,822 1,844 1,671 1,855 95.0 90.8 UK 0 0 0 14 52 66 51 0 2.5 Norway Negl. a 12 23 38 12 27 0 1.3 Other 89 86 89 95 62 81 83 3.9 4.1 Total 2,297 2,050 1,807 1,979 2,018 1,855 2,042 100.0 100.0 Sep 1973 (Pre- Crisis Level) 1974 1975 1976 Qtr Qtr Jul Aug 1973 1977 France Abu Dhabi 249 268 210 202 186 214 158 147 9.0 6.2 4 5 Algeria 227 181 118 95 99 92 81 107 8.2 . 1 0 4 13 11 3 0 0 Negl. 0 Egypt Iraq 375 330 240 335 379 274 436 447 13.6 18.9 Kuwait 316 246 134 86 103 57 84 59 11.4 2.5 Libya 131 74 44 62 38 42 74 46 4.7 1.9 Qatar 69 70 47 58 84 35 59 60 2.5 2.5 Saudi Arabia 623 842 669 870 832 813 834 987 22.5 41.8 Other 2 12 10 41 60 49 60 60 18 0.4 0.8 Total OAPEC 2,003 2,021 1,507 1,781 1,781 1,595 1,786 1,871 72.5 79.3 Dubai 27 36 43 33 52 31 41 62 1.0 2.6 Ecuador 0 0 0 0 0 0 0 0 0 0 Gabon 33 43 27 29 53 44 42 36 1.2 1.5 Indonesia 0 0 0 0 0 0 0 0 0 0 Iran 216 174 266 294 336 197 102 85 7.8 3.6 Nigeria 253 208 175 150 127 160 168 150 9.2 6.4 Sharjah 0 0 0 0 0 0 0 0 0 0 Venezuela 36 28 15 t6 10 14 17 31 1.3 1.3 Total OPEC' 2,555 2,500 1,988 2,230 2,299 1,973 2,096 2,217 92.4 93.9 UK 0 0 0 7 0 28 37 31 0 1.3 Norway 0 2 18 46 0 22 17 14 0 0.6 Other 196 92 69 61 113 91 79 80 7.1 3.4 Total 2,7644 2,604 2,120 2,417 2,472 2,182 2,289 2,380 100.0 100.0 8 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Selected Developed Countries: Crude Oil Imports, by Source (Continued) 4th Qtr 1973 (Pre- Crisis 1st 2d Level) 1974 1975 1976 Qtr Qtr Italy Algeria 61 49 77 51 22 20 0 0 0 0 0 0 Egypt Iraq 383 269 374 312 331 327 212 130 82 47 167 114 Kuwait Libya 597 478 260 340 302 328 21 57 26 26 24 20 Qatar Saudi Arabia 692 824 527 545 605 694 United Arab Emirates 0 13 33 50 99 34 0 0 Other E 0 0 0 0 Total OAPEC 1,966 1,820 1,379 1,371 1,550 1,537 Ecuador 0 0 0 0 0 0 Gabon 3 10 6 1 10 0 Indonesia 0 0 0 0 0 0 Iran 277 301 258 292 250 296 Nigeria 9 63 7 7 10 18 Venezuela 18 13 20 16 12 34 273 2,207 1,670 1,687 1,832 1,885 , l OPEC' 2 a t T o 0 4th Qtr 2d Qtr 1973 1977 2.4 0.9 0 0 15.2 15.0 5.3 23.7 15.0 0.8 0.9 27.5 31.8 0 1.6 0 0 78.2 70.5 0 0.1 0 0 0 11.0 13.6 0.4 0.8 0.7 1.6 90.4 86.5 0 UK 0 0 0 13 4 0 0 0 0 0 0 0 0 Other' 241 190 271 371 348 295 9.6 13.5 T5Other' 2,514 2,397 1,941 2,071 2,184 2,180 100.0 100.0 Total o 'Including oil imports from Abu Dhabi and possibly from Dubai and Sharjah, which are not members of OAPEC. Including, when applicable, Bahrain and Syria. Consisting of OAPEC members (excluding Bahrain, Egypt, and Syria) plus the other countries shown. Estimated. Including data that cannot be distributed by area of origin. Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2dOlf6 ?v1l?1 21 DR79'BOO457AO0141M010001-0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Annua Dec Average United States' 1973 Crude imports P d 2,732 2,873 3,162 3,049 3,215 3,220 3,501 3,593 3,471 3 740 3 452 2 891 3 244 ro uct imports 3,079 3,501 3,413 2,551 2,603 2,659 2,671 2,913 2 903 , 2 785 , 3 412 , 3 055 , 3 012 Total imports 5,811 6,374 6,575 5,600 5,818 5,879 6,172 6,506 , 6 374 , 6 525 , 6 864 , 5 946 , 6 256 Exports 210 260 224 275 237 215 240 217 , 242 , 221 , 202 , 227 , 231 Net imports 1974 5,601 6,114 6,351 5,325 5,581 5,664 5,932 6,289 6,132 6,304 6,662 5,719 6,025 Crude imports 2,382 2,248 2,462 3,267 3,908 3,925 4,091 3,924 3 797 3 810 3 958 3 869 3 477 Product imports T 2,973 2,973 2,753 2,703 2,580 2,493 2,397 2,434 , 2 225 , 2 320 , 2 704 , 2 853 , 2 611 otal imports 5,355 5,221 5,215 5,970 6,488 6,418 6,488 6,358 , 6 022 , 6 130 , 6 662 , 6 722 , 6 088 Exports 207 203 196 243 247 238 253 247 , 171 , 221 , 186 , 231 , 220 Net imports 1975 5,148 5,018 5,019 5,727 6,241 6,180 6,235 6,111 5,851 5,909 6,476 6,491 5,868 Crude imports P d 4,029 3,828 3,656 3,378 3,486 3,905 4,192 4,581 4 689 4 389 4 623 4 476 4 105 ro uct imports T l 2,832 2,348 2,074 1,662 1,728 1,502 1,767 1,717 , 2 115 , 1 940 , 1 796 , 1 949 , 1 951 ota imports E 6,861 6,176 5,730 5,040 5,214 5,407 5,959 6,298 , 6,804 , 6 329 , 6 419 , 6 425 , 6 056 xports 228 248 213 190 202 224 186 203 205 , 187 , 166 , 262 , 209 Net imports 1976 6,633 5,928 5,517 4,850 5,012 5,183 5,773 6,095 6,599 6,142 6,253 6,163 5,847 Crude imports 4,594 4,208 4,738 4,790 4,669 5,621 5,792 5,556 5 875 5 699 5 955 5 925 5 287 Product imports T l 2,016 2,423 1,946 1,805 1,654 1,858 2,099 1,826 , 2,038 , 1 808 , 2 115 , 2 353 , 2 008 ota imports 6,610 6,631 6,684 6,595 6,323 7,479 7,891 7,382 7 913 , 7 507 , 8 070 , 8 278 , 7 295 Exports N 156 241 185 222 180 213 242 220 , 196 , 198 , 348 , 309 , 226 et imports 1977 6,454 6,390 6,499 6,373 6,143 7,266 7,649 7,162 7,717 7,309 7.720 7,969 7,069 Crude imports 6,288 6,652 6,633 6,785 6,821 6,947 6,656 572 6 6 580 Product imports 2,594 3,278 2,529 1,886 1,754 1,855 1 800 , 010 2 , 2 170 Total imports 8,882 9,930 9,162 8,671 8,575 , 8,802 8 456 , 8 582 , 8 750 Exports 192 234 207 223 288 , 256 212 , 228 , 214 Net imports Canada 8,690 9,696 8,955 8,448 8,287 8,546 8,244 8,354 8,536 1973 Crude imports P d 945 975 932 772 930 741 1,058 937 940 799 934 802 897 ro uct imports 163 93 55 37 119 121 122 153 105 132 140 149 130 Total imports 1,108 1,068 987 809 1,049 862 1,180 1,090 1 045 931 1 074 951 1 027 Exports 1,357 1,500 1,364 1,472 1,495 1,446 1,162 1,298 , 1 300 1 363 , 1 357 1 237 , 1 364 Net imports 1974 -249 -432 -377 -663 -446 -584 18 -208 , -255 , -432 , -283 , -322 , -337 Crude imports 822 988 717 718 971 763 816 817 672 787 '798 721 820 Product imports T l 96 44 142 33 114 125 89 104 58 75 87 74 83 ota imports 918 1,032 859 751 1,085 888 905 921 730 862 885 795 903 Exports 1,180 1,402 1,056 1,266 1,270 1,220 956 978 1,026 988 1 110 981 1 086 Net imports 1975 -262 -370 -197 -515 -185 -332 -51 - 57 -296 -126 , -225 -186 , -183 Crude imports P d 1,052 915 849 804 1,067 850 678 946 716 516 562 929 824 ro uct imports T l 48 68 27 46 56 56 48 50 40 57 26 27 41 ota imports E 1,100 983 876 850 1,123 906 726 996 756 573 588 956 865 xports N 1,122 1,068 834 815 745 702 893 903 936 921 1 017 848 899 et imports 1976 - 22 - 85 42 35 378 204 -167 93 -180 -348 , -429 108 -34 Crude imports d 738 783 870 802 793 832 825 728 409 565 690 596 720 Pro uct imports 21 26 30 16 45 45 43 54 23 60 50 20 36 Total imports E 759 809 900 818 838 877 868 782 432 625 740 616 756 xports N 1,029 669 569 636 650 676 815 571 603 605 625 612 646 et imports 1977 -270 140 331 182 188 201 53 211 -171 20 115 4 110 Crude imports 729 645 752 585 679 802 614 Product imports 28 25 27 19 49 60 37 Total imports 757 670 779 604 728 862 651 Exports 611 568 522 526 515 506 523 Net imports Japan 146 102 257 78 213 356 128 1973 Crude imports P d 4,662 4,775 4,830 4,864 4,918 5,043 4,697 5,550 4,878 5 483 5 029 5 139 4 992 ro uct imports T l 640 803 650 542 664 640 523 507 443 , , 592 533 , 486 , 584 ota imports 5,302 5,578 5,480 5,406 5,582 5,683 5,220 6,057 5 321 6 075 5 562 5 625 5 576 Exports N 11 33 23 28 19 13 39 31 , 21 , , 25 13 , 25 , 24 et imports 5,291 5,545 5,457 5 378 5 563 5 670 5 181 6 026 5 1974 , , , , , ,300 6,050 5,549 5,600 5,552 Crude imports P d 4,467 5,008 4,886 5,120 4,794 4,878 5,204 4,601 4 214 4 763 4 818 4 834 4 798 ro uct imports T l 648 671 684 625 858 823 755 624 , 531 , , 529 569 , 597 , 662 ota imports 5,115 5,679 5,570 5,745 5,652 5,701 5,959 5,225 4 745 5 292 5 387 5 431 5 460 Exports N 14 25 16 20 24 17 25 93 , 135 , , 46 79 , 179 , 56 et imports 5,101 5,654 5,554 5,725 5,628 5,684 5,934 5,132 4,610 5,246 5,308 5,252 5 404 Approved For Release 2001/04/11 : CIA-RDP79B00457AO01100010001-0 , 10 Selected Developed Countries: Trends in Oil Trade Approved For Release 2001/04/11: CI 4EIIP9BOO457AOO11OOO1OOO1-0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Annual Dec Average Japan (Continued) 1975 Crude imports Product imports Total imports Exports Net imports 1976 Crude imports Product imports Total imports Exports Net imports 1977 Crude imports Product imports Total imports Exports Net imports France 4,581 471 5,052 80 4,972 3,901 699 4,600 3 4,597 5,023 584 5,607 7 5,600 4,502 367 4,869 52 4,817 4,683 649 5,332 5 5,327 4,857 686 5,543 8 5,535 4,773 466 5,239 40 5,199 4,586 704 5,290 9 5,281 5,671 665 6,336 8 6,328 4,304 445 4,749 38 4,711 4,989 563 5,552 4 5,548 4,210 632 4,842 6 4,836 4,765 439 5,204 61 5,143 4,217 593 4,810 4 4,806 4,955 682 5,637 4 5,633 3,956 361 4,317 40 4,277 4,469 637 5,106 5 5,101 4,234 729 4,963 11 4,952 4,401 487 4,888 42 4,846 4,690 669 5,359 5 5,354 4,398 561 4,959 8 4,951 4,120 489 4,609 17 4,592 4,391 651 5,042 6 5,036 4,940 644 5,584 5 5,579 4,637 461 5,098 5 5,093 4,492 747 5,239 9 5,230 4,928 518 5,446 7 5,439 4,642 504 5,146 4 5,142 4,611 545 5,156 5 5,151 5,165 615 5,780 9 5,771 4,880 574 5,454 6 5,448 5,019 634 5,653 6 5,647 4,539 469 5,008 32 4,976 4,601 634 5,235 6 5,229 1973 7 053 3 549 2 728 2 Crude imports 2,897 2,699 2,955 2,728 2,540 2,676 2,288 2,791 2,764 2,79 171 , 126 , 117 , 147 Product imports 137 174 148 142 176 128 138 169 139 8 179 3 666 2 875 2 Total imports 3,034 2,873 3,103 2,870 2,716 2,804 2,426 2,960 2,903 2,96 , 253 , 279 , 269 Exports 255 260 232 226 317 290 246 307 307 261 707 2 926 2 387 2 606 2 Net imports 2,779 2,613 2,871 2,644 2,399 2,514 2,180 2,653 2,596 , , , , 1974 5 322 2 686 2 604 2 Crude imports 2,686 2,942 2,508 2,990 2,476 2,555 2,580 2,529 2,274 2,72 , 134 , 200 , 138 Product imports 80 121 80 121 144 98 180 152 188 157 456 2 886 2 742 2 Total imports 2,766 3,063 2,588 3,111 2,620 2,653 2,760 2,681 2,462 2,882 6 , 220 , 211 , 224 Exports 269 230 258 277 257 225 210 211 186 16 16 236 2 675 2 518 2 Net imports 2,497 2,833 2,330 2,834 2,363 2,428 2,550 2,470 2,276 2,7 , , , 1975 199 203 2 462 2 120 2 Crude imports 2,234 2,056 2,095 2,047 1,952 1,989 2,130 2,201 2,136 2, 113 , 131 , 131 , 158 Product imports 213 266 203 165 127 162 180 100 118 2 334 2 593 2 278 2 Total imports 2,447 2,322 2,298 2,212 2,079 2,151 2,310 2,301 2,254 2,31 4 , 267 , 259 , 227 Exports 209 221 175 217 190 230 182 302 264 21 098 2 067 2 334 2 051 2 Net imports 2,238 2,101 2,123 1,995 1,889 1,921 2,128 1,999 1,990 , , , , 1976 180 767 2 704 2 417 2 Crude imports 2,175 2,447 2,600 2,500 2,188 2,039 2,456 2,370 2,517 2, , 170 , 151 , 181 Product imports 134 143 158 158 128 233 266 218 199 223 3 937 2 855 2 598 2 Total imports 2,309 2,590 2,758 2,658 2,316 2,272 2,722 2,588 2,716 2,40 7 , 268 , 288 , 249 Exports 276 325 395 316 272 324 244 288 274 20 196 669 2 567 2 349 2 Net imports 2,033 2,265 2,363 2,342 2,044 1,948 2,478 2,300 2,442 2, , , , 1977 Crude imports 2,711 2,508 2,198 2,537 1,944 2,079 2,289 2,360 Product imports 123 117 169 166 145 183 171 216 Total imports 2,834 2,625 2,367 2,703 2,089 2,262 2,460 2,576 1 Exports 277 266 286 356 366 276 278 35 Net imports 2,557 2,359 2,081 2,347 1,723 1,986 2,182 2,225 Italy 1973 548 2 844 1 A N 567 2 Crude imports 2,308 2,448 2,600 2,598 2,498 2,996 2,779 2,784 2,606 , 29 , 65 . . N A , 102 Product imports 76 133 97 98 154 98 109 137 232 909 1 . . A N 669 2 Total imports 2,384 2,581 2,697 2,696 2,652 3,094 2,888 2,921 2,838 2,577 30 , 515 . . A N , 579 Exports 604 628 513 595 678 671 775 725 586 6 947 1 394 1 . . A N 090 2 Net imports 1,780 1,953 2,184 2,101 1,974 2,423 2,113 2,196 2,252 , , . . , 1974 270 2 285 2 237 2 397 2 Crude imports 1,576 2,850 2,270 2,527 2,961 2,435 2,575 2,800 2,254 , 225 , 378 , 283 , 119 Product imports 71 60 92 145 126 108 219 190 241 663 2 520 2 516 2 Total imports 1,647 2,910 2,362 2,672 3,087 2,543 2,794 2,990 2,495 2,495 3 , 375 , 363 , 423 Exports 198 645 413 583 444 397 546 433 407 29 202 2 288 2 157 2 093 2 Net imports 1,449 2,265 1,949 2,089 2,643 2,146 2,248 2,557 2,088 , , , , 1975 117 2 752 1 990 1 941 1 Crude imports 1,858 1,688 1,724 1,841 1,659 1,949 1,706 1,918 2,236 , 202 , 191 , 229 , 180 Product imports 172 229 246 246 319 181 219 142 138 19 943 1 219 2 121 2 Total imports 2,030 1,917 1,970 2,087 1,978 2,130 1,925 2,060 2,374 2,3 4 , 252 , 236 , 291 Exports 240 264 212 240 246 308 285 413 394 32 691 1 983 1 1,830 Net imports 1,790 1,653 1,758 1,847 1,732 1,822 1,640 1,647 1,980 1,995 , , Approved For Release 2001/04/11: CIA-RDR79BOO457AO01100010001-0 Approved For Release 2d6`476A/'f??IUFA- untine G 0d1 X3010001-0 Italy (Continued) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Annual Dec Average 1976 Crude imports P d 2,024 2,024 2,024 2,014 2,014 2,014 2,115 2,115 2,115 2 131 2 131 2 131 2 071 ro uct imports T l 160 160 160 216 216 216 219 219 219 , 194 , 194 , 194 , 197 ota imports E 2,184 2,184 2,184 2,230 2,230 2,230 2,334 2,334 2 334 2 325 2 325 2 325 2 xports N t i 271 271 271 337 337 337 322 322 , 322 , 289 , 289 , 289 ,268 305 e mports 19772 1,913 1,913 1,913 1,893 1,893 1,893 2,012 2,012 2,012 2,036 2,036 2,036 1,963 Crude imports 2,198 2,198 2,198 2,370 1,931 2,145 1 966 2 025 1 971 Product imports 232 232 232 198 141 196 , 145 , 134 , 161 Total imports 2,430 2,430 2,430 2,568 2,072 2,341 2 111 2 159 2 132 Exports 368 368 368 341 365 434 , 290 , 358 , 292 Net imports United Kingdom 2,062 2,062 2,062 2,227 1,707 1,907 1,821 1,801 1,840 1973 Crude imports Product imports 2,276 615 2,090 533 2,273 2,248 2,402 2,535 2,175 2,818 1,917 2,892 2,415 2,004 2 329 Total imports 2 891 2 623 457 2 730 359 488 439 323 417 361 416 326 208 , 409 Exports , 464 , 311 , 3 2,607 2,890 2,974 2,498 3,235 2,278 3,308 2,741 2,212 2 738 Net imports 2 427 2 312 23 2 40 329 332 257 430 555 496 464 488 293 , 396 1974 , , , 7 2,278 2,558 2,717 2,068 2,680 1,782 2,844 2,253 1,919 2,342 Crude imports P d 2,593 2,439 2,486 2,437 2,486 2,442 2,182 1,994 2 144 2 534 2 259 1 941 2 27 ro uct imports T t l i 440 372 353 306 364 291 326 252 , 246 , 324 , 372 , 385 , 1 314 o a mports E 3,033 2,811 2,839 2,743 2,850 2,733 2,508 2,246 2 390 2 858 2 631 2 326 2 xports N i 491 256 204 238 344 373 331 364 , 353 , 385 , 268 , 314 ,585 32 et mports 1975 2,542 2,555 2,635 2,505 2,506 2,360 2,177 1,882 2,037 2,473 2,363 2,012 1 2,264 Crude imports P d 2,216 2,030 1,491 1,849 1,802 1,926 1,748 1,776 1 687 2 032 1 429 1 599 1 775 ro uct imports T t l i 442 329 267 290 231 257 262 247 , 240 , 303 , 348 , 344 , 292 o a mports E 2,658 2,359 1,758 2,139 2,033 2,183 2,010 2,023 1 927 2 335 1 777 1 943 2 0 xports N i 310 343 224 226 262 303 317 308 , 357 , 423 , 299 , 261 , 67 300 et mports 1976 2,348 2,016 1,534 1,913 1,771 1,880 1,693 1,715 1,570 1,912 1,478 1,683 1,767 Crude imports P d 1,888 1,986 1,762 1,938 1,698 1,814 1,688 1,615 1,779 1 474 2 112 1 724 1 77 ro uct imports T t l i 302 314 421 301 318 267 297 220 221 , 200 , 251 , 283 , 0 282 o a mports E 2,190 2,300 2,183 2,239 2,016 2,081 1,985 835 1 2 000 1 674 2 363 2 007 2 0 xports N t i 333 264 384 332 349 328 407 , 399 , 488 , 464 , 522 , 447 , 52 392 e mports 1977 1,857 2,036 1,799 1,907 1,667 1,753 1,578 1,436 1,512 1,210 1,841 1,560 1,660 Crude imports 1,756 1,511 1 672 1 347 1 701 1 449 1 1 Product imports 253 238 , 261 , 272 , 312 , 286 , 47 261 1,263 313 Total imports 2,109 1,749 1,933 1,619 2,013 1 735 1 408 1 576 Exports 546 575 589 538 539 , 732 , 597 , 747 Net imports 1,563 1,174 1,344 1,081 1,474 1 003 811 829 West Germany , 1973 Crude imports P d 2,177 2,217 2,226 2,201 2,173 2,306 2,091 2,140 2 297 2 359 2 274 2 067 2 2 ro uct imports T l 776 788 690 831 870 748 789 710 , 828 , 904 , 859 , 709 , 10 836 ota imports E 2,953 3,005 2,916 3,032 3,043 3,054 2,889 2,850 3 125 3 263 3 133 2 776 3 0 xports N i 153 177 164 135 184 174 177 185 , 155 , 239 , 235 , 141 , 46 17 et mports 1974 2,800 2,828 2,752 2,897 2,859 2,880 2,712 2,665 2,970 3,024 2,898 2,635 7 2,869 Crude imports P d 2,050 1,891 1,973 1,962 1,990 2,245 2,080 2,147 2 055 2 048 2 244 1 918 2 05 ro uct imports T t l i 613 774 767 646 795 740 882 891 , 806 , 756 , 669 , 689 , 0 74 o a mports 2,663 2,665 2 649 2 608 2 785 2 985 2 962 6 Exports N t i 180 , 178 238 , , 147 236 , , 141 170 3,038 214 2,861 193 2,804 165 2,913 184 2,607 186 2,796 199 e mports 1975 2,483 2,487 2,411 2,461 2,549 2,844 2,792 2,824 2,668 2,639 2,729 2,421 2,597 Crude imports 1,684 1,614 1 453 1 798 1 754 1 911 1 67 Product imports T t l i 583 , 766 606 , , 824 575 , , 6 920 794 1,839 767 1,810 873 2,051 789 2,075 667 1,935 718 1,807 709 o a mports E 2,267 2,380 2,059 2,622 2,329 2,831 2,470 2 606 2 683 2 840 2 742 2 653 xports N t i 158 120 113 132 100 121 137 , 120 , 133 , 125 , 161 , 126 2,509 12 e mports 1976 2,109 2,260 1,946 2,490 2,229 2,710 2,333 2,486 2,550 2,715 2,581 2,527 9 2,380 Crude imports 1,669 1,836 1 717 1 823 1 830 1 847 2 050 Product imports T t l 761 , 978 792 , , 808 833 , , 871 850 2,168 991 2,220 811 2,068 645 2,233 690 2,273 899 1,979 8 o a imports E 2,430 2,814 2,509 2,631 2,663 2,718 2,900 3,159 -3 031 2 713 2 923 3 172 30 2 8 xports N i 113 115 148 115 131 101 176 128 , 168 , 116 , 132 , 160 , 09 et mports 1977 2,317 2,699 2,361 2,516 2,532 2,617 2,724 3,031 2,863 2,597 2,791 3,012 134 2,675 Crude imports 2,140 2,020 1,894 1,774 1,871 1 920 2 042 Product imports 705 615 680 813 751 , , 921 969 Total imports 2,845 2,635 2 574 2 587 2 622 2 841 3 0 Exports 78 , 155 128 , , 113 152 , , 11 147 117 Net imports 2,767 2,480 2,446 2,474 2,470 2,694 2,894 Bureau of the Mines data through Apr 1977. Estimated. Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 Approved For Release 2001/04/11: CIA-RDP79BOO457AO01100010001-0 Developed Countries: Exports to OPEC' ~~?+w? ? .-Av. United St t Algeria dor Gabon nesia Iran Iraq Kuwait Libya Nigeria Qatar Arabia UAE zuela Total a es 1974 315.1 325.8 32.5 530.5 1,733.6 284.7 208.5 139.4 286.4 33.6 835.1 229.7 1 767 7 6 722 6 1975 631.8 409.8 58.7 810.1 3,243.7 309.7 386.1 231.5 536.3 50.3 1,501.8 372.2 , . 2 243 3 , . 10 765 3 1976 487.0 415.8 45.9 1,038.0 2,778.0 381.8 471.5 276.6 769.9 78.7 2,774.1 424.8 , . 2 827.8 , . 12 565 9 1st Qtr 75.7 91.3 9.1 271.1 748.3 78.6 111.9 33.1 127.4 16.5 484.9 111.2 , 591 7 , . 2 750 8 2d Qtr 165.5 99.8 9.0 286.7 617.1 95.4 110.3 52.5 161.6 19.6 743.3 112.0 . 640 1 , . 3 112 9 3d Qtr 113.0 105.1 8.0 244.5 624.5 159.0 114.6 118.1 197.8 8.5 714.2 81.0 . 617 4 , . 3 105 7 4th Qtr 1977 132.8 119.6 19.8 233.7 786.1 48.8 134.7 72.9 283.1 34.1 831.7 120.6 . 778.6 , . 3,596.5 1st Qtr 116.0 98.0 9.3 187.8 592.7 53.7 152.3 68.5 203.6 24.6 739.5 147.0 669.2 3 062 2 2d Qtr Japan 145.7 133.4 9.5 197.1 609.8 49.5 157.1 89.0 239.6 19.0 838.1 134.3 766.8 , . 3,388.9 1974 154.5 113.8 7.4 1,453.3 1,014.9 474.4 279.5 234.4 285.1 46.7 677.5 309.2 399 0 5 449 7 1975 260.9 177.8 14.2 1,849.9 1,855.3 818.8 367.1 240.2 586.0 122.3 1,350.4 420.2 . 360 2 , . 8 423 3 1976 204.4 133.8 16.7 1,842.4 1,709.4 626.2 720.4 327.2 575.0 229.0 1,892.7 638.8 . 563 6 , . 277 9 4 1st Qtr 44.3 21.6 1.8 361.6 400.0 128.0 126.2 68.1 112.6 56.5 330.8 130.8 . 89 4 , . 1 871 7 2d Qtr 56.6 32.8 2.7 381.1 400.0 191.4 172.9 75.0 124.8 42.2 529.6 143.4 . 118 6 , . 2 271 1 3d Qtr 33.5 34.8 7.3 435.8 437.4 156.4 199.1 93.7 133.2 60.6 569.8 165.1 . 149 1 , . 2 475 8 4th Qtr 1977 70.0 44.4 4.9 463.9 472.0 150.4 222.2 90.4 204.4 69.7 462.5 197.5 . 206.5 , . 2,658.8 1st Qtr 52.0 38.2 5.9 390.6 427.2 131.3 237.5 67.9 211.1 73.2 425.8 224.5 173 8 2 459 0 Apr West Germany 48.4 20.8 1.3 124.4 141.8 92.9 84.6 16.6 69.1 34.8 174.1 77.8 . 79.9 , . 966.5 1974 482.9 82.3 28.3 324.3 1,139.1 373.4 159.9 402.4 346.0 20.9 286.0 90.2 330.6 4 068 3 1975 610.1 76.5 23.9 392.7 2,105.1 1,047.7 203.2 535.9 653.4 47.0 564.8 145.1 371 2 , . 6 776 4 1976 740.2 93.2 27.1 478.4 2,294.3 884.4 304.8 523.3 867.2 87.7 1,191.1 233.3 . 540.5 , . 8 245 5 1st Qtr 178.1 17.5 5.2 97.6 484.5 216.6 56.0 121.4 185.5 15.0 182.8 45.9 104 2 , . 1 710 3 2d Qtr 152.5 17.9 6.8 104.2 539.7 182.9 63.7 102.0 176.6 22.3 302.3 50.0 . 117 3 , . 1 838 2 3d Qtr 198.0 34.1 7.5 123.7 590.1 269.2 83.0 153.6 214.2 11.3 324.1 58.3 . 167 7 , . 2 234 8 4th Qtr 1977 211.6 23.7 7.6 152.9 680.0 215.7 102.1 146.3 290.9 19.1 381.9 79.1 . 151.3 , . 2,462.2 1st Qtr 312.8 35.2 8.4 98.4 608.4 205.1 79.6 136.6 260.4 24.5 298.1 81.3 158 4 2 307 2 Apr France 69.8 7.4 2.7 28.9 221.1 81.7 28.2 49.0 104.6 6.0 107.4 34.9 . 57.6 , . 799.3 1974 1,297.5 18.4 185.0 103.9 257.5 214.4 63.9 362.7 175.0 9.4 120.0 68.6 140.9 3 017 2 1975 1,904.2 18.2 335.8 120.6 631.6 409.0 97.5 405.5 482.9 15.0 198.6 134.1 175.8 , . 4 908 8 1976 1,475.2 17.7 389.8 219.3 652.7 473.5 225.9 348.7 531.8 31.7 339.3 190.8 170 4 , . 5 068 8 1st Qtr 392.7 4.3 84.4 63.2 176.3 134.8 34.7 94.2 102.7 7.3 65.3 44.1 . 36.3 , . 1 240 3 2d Qtr 330.2 4.8 90.6 56.3 162.8 110.4 53.8 99.2 133.7 7.2 92.0 41.1 39 0 , . 1 221 1 3d Qtr 383.1 5.2 114.2 49.5 173.8 111.3 48.1 73.0 136.6 6.6 78.7 50.2 . 49.4 , . 1 279 7 4th Qtr 369.2 3.4 100.6 50.3 139.8 117.0 89 3 82 3 158 8 10 6 103 3 , . 1977 . . . . . 55.4 45.7 1,325.7 1st Qtr 363.7 5.5 121.0 56.2 154.3 127.7 36.4 98.6 184.8 20.7 114.3 52.2 56 2 1 391 6 Apr United Kingdom 104.3 1.5 45.6 19.7 57.0 32.2 18.0 33.3 55.0 4.1 59.4 13.6 . 16.0 , . 459.7 1974 128.1 31.8 8.4 109.2 653.2 139.9 139.9 148.5 520.3 51.8 280.4 227.0 117 8 2 554 1 1975 173.7 38.4 6.3 133.4 1,097.7 302.2 217.5 236.8 1,125.9 121.6 440.0 440.8 . 200.3 , . 4 534 6 1976 183.7 41.2 7.3 144.4 921.1 273.5 257.1 241.8 1,389.0 155.9 710.6 579.0 229.9 , . 5 134 5 1st Qtr 50.0 7.0 2.1 33.4 235.3 95.5 52.0 57.1 339.8 38.3 131.7 141.1 55.1 , . 1 238 4 2d Qtr 47.0 9.1 1.9 38.7 250.9 60.8 59.8 61.0 338.4 44.3 161.0 137.4 48 9 , . 1 259 2 3d Qtr 43.9 11.4 1.5 32.2 226.2 63.4 69.8 64.7 340.5 34.0 193.8 130.3 . 50 8 , . 1 262 5 4th Qtr 42.8 13.7 1.8 40.1 208.7 53.8 75.5 59.0 370.3 39.3 224.1 170.2 . 75 1 , . 1 374 4 1977 . , . 1st Qtr 43.8 22.3 2.0 42.7 274.3 66.4 79.1 61.9 407.2 42.6 209.7 209.1 59.8 1 520 9 2d Qtr 34.3 26.1 3.4 30.2 282.6 70.0 113.6 77.5 482.9 57.0 250.9 194.7 64.2 , . 1,687.4 13 Approved For Release 2001/04/11: CIA-RDP79BOO457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79BOO457AO01100010001-0 Developed Countries: Exports to OPEC' (Continued) Algeria dor Gabon nesia Iran Iraq Kuwait Libya Nigeria Qatar Arabia UAE zuela Total Italy 1974 325.7 25.5 6.6 58.0 282.4 96.0 65.7 853.8 131.0 11.0 133.2 37.3 211.8 2,237.8 7 717 1975 559.7 30.2 13.9 85.5 566.3 259.5 116.5 1,032.2 298.5 22.6 323.3 87.6 321.9 . 3, 4 4 026 1976 408.5 22.6 14.9 53.1 730.6 203.2 175.2 955.5 317.4 25.7 636.1 :133.2 350.4 , . 8 755 1s t Qtr 104.5 4.3 2.4 12.3 140.4 42.7 26.3 186.0 46.2 6.7 96.3 23.8 63.9 . 7 950 2 d Qtr 77.9 4.8 3.2 18.4 193.5 67.6 39.1 232.8 74.2 5.2 127.5 28.8 77.7 1 . 056 6 1 3 d Qtr 97.1 6.2 4.0 11.8 198.6 48.4 46.9 265.6 92.4 7.5 155.0 31.0 92. 7 . , 263 3 1 4t h Qtr 129.0 7.3 5.3 10.6 198.1 44.5 62.9 271.1 104.6 6.3 257.3 49.6 116. . , 1977 126 8 9 5 3 7 5 11 193.6 53.6 53.9 269.7 122.4 9.0 211.4 45.6 124.8 1,235.5 1st Qtr . . . . 4 3 102 7 5 9 160 5 33 97.1 980.9 Apr & May 99.4 6.9 6.7 6.8 153.6 33.0 43.8 229. . . . . Canada 25 8 3 6 18 0 9 3 253 3 625.6 1974 161.2 13.4 0 54.9 61.1 19.6 4.9 5.9 . . . . . 26 6 1975 99.3 21.4 0.5 83.7 144.7 66.5 15:7 22.4 37.6 1.5 34.3 4.5 314.5 . 8 5 2 1976 94.6 24.5 2.5 77.1 145.9 36.2 22.6 9.6 32.6 4.3 107.8 11.4 360.4 9 9. 167 2 1st Qtr 7.1 1.9 0.1 7.9 32.4 21.7 3.9 3.3 9.0 1.2 30.6 2.5 45.6 . 8 183 2d Qtr 20.6 13.5 1.3 15.4 35.2 8.2 2.6 3.7 6.6 0.2 12.8 3.1 60.6 . 270 0 3d Qtr 32.4 4.5 0.4 20.9 42.7 5.1 4.7 1.4 6.8 1.4 13.7 2.5 133.5 7 . 5 308 4th Qtr 34.5 4.6 0.7 32.9 35.6 1.2 11.4 1.2 10.2 1.5 50.7 3.3 120. . 1977 1 247 1st Qtr 29.6 3.3 0.6 24.7 35.1 22.1 1:3.2 2.0 9.8 1.1 28.6 3.4 73.6 . 278 1 2d Qtr 31.0 5.3 0.3 10.4 31.2 11.8 8.3 5.5 6.5 0.6 22.7 5.1 139.4 . Developed Countries: Imports From OPEC' Ecua- Algeria dor Gabon Indo- nesia Iran Iraq Kuwait Libya Nigeria Saudi Qatar Arabia UAE Vene- zuela Total United States 6 79 2 671 1 3 368 871 1 4 636.2 15 1974 1,090.5 473.0 162.3 1,688.1 2,132.2 0.9 13.4 1.4 3,286.2 . . , . . , , 2 1975 1,358.8 460.8 196.9 2,220.6 1,399.8 19.1 111.4 1,045.7 3,281.5 56.5 2,624.6 683.8 3,823.9 17,083. 6 9 1976 2,209.4 539.0 189.8 3,004.3 1,480.1 110.0 37.6 2,243.4 4,937.6 119.0 5,212.9 1,359.2 3,574.8 . 25,01 70 4 1st Qtr 447.5 109.4 51.3 714.4 378.0 1.2 25.7 485.0 1,016.8 22.2 1,152.9 272.7 893.3 . 5,5 2d Qtr 529.9 123.5 65.0 692.5 345.3 0.3 4.3 478.7 1,141.5 8.2 1,166.2 288.2 738.1 5,581.7 3d Qtr 674.8 136.2 20.3 851.1 397.1 35.1 4.9 603.9 1,365.3 57.4 1,506.3 363.9 935.5 6,951.8 13 0 4th Qtr 557.2 169.9 53.2 746.3 359.7 73.4 2.7 675.8 1,414.0 31.2 1,387.5 434.4 1,007.7 . 6,9 1977 324 0 8 1st Qtr 695.7 155.4 58.2 914.0 657.5 45.1 66.2 820.5 1,646.7 41.1 1,603.2 405.8 1,214.6 . , 72 6 2d Japan Qtr 743.2 171.1 62.3 926.7 699.3 126.3 72.5 1,080.5 2 64 1,598.1 448 9 74.3 1 22 1,720.8 2 238 5 439.0 2 116 6 958.5 46.4 . 8,6 19,969.6 1974 34.3 22.3 6.8 4,569.3 4,767.0 201.6 2,131.9 . 3 . . . , , . 1975 38.4 13.5 12.8 3,431.2 4,978.3 395.8 2,009.7 280.1 278.6 27.8 6,132.9 1,773.4 33.9 19,404.0 7 1976 10.3 22.0 17.9 4,093.3 4,453.8 579.1 2,015.9 206.7 108.7 30.4 7,834.0 2,471.6 33.6 21,87 .3 212 8 1st Qtr 8.7 6.0 5.9 962.5 974.2 119.3 535.1 16.0 73.7 9.4 1,856.7 635.5 9.8 . 5, 399 8 2d Qtr 0.1 6.6 4.3 1,002.0 1,179.1 136.2 466.4 62.3 11.5 4.8 1,954.7 564.2 7.6 . 5, 4 3d Qtr 0.7 4.1 4.8 1,021.7 952.6 119.1 505.1 69.0 18.2 11.3 2,064.4 629.5 5.9 5,406. 58 3 4th Qtr 0.8 5.3 2.9 1,107.1 1,347.9 204.5 509.3 59.4 5.3 4.9 1,958.2 642.4 10.3 . 5,8 1977 45 8 1st Qtr 1.7 5.0 2.5 1,252.5 1,181.0 187.4 514.8 14.3 3.8 45.1 2,328.1 699.0 10.6 . 6,2 6 5 Apr West Germany 0 1.6 0.4 390.9 249.6 62.4 181.1 2.7 4.2 101 4 1 23.5 92 9 678.9 1 044 2 177.4 1 752 3.8 243 9 . 1,77 211.4 9 1974 1,090.8 66.1 97.7 188.7 1,240.3 305.3 355.0 1,633.1 . , . . , . . , 1 239 1975 1,025.4 82.0 107.4 153.4 1,467.4 127.9 226.9 1,391.1 962.4 124.0 1,823.1 738.0 232.1 . 8, 14 Approved For Release 2001/04/11: CIA-RDP79BOO457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Developed Countries: Imports From OPEC' (Continued) Ecua- Indo- Saudi Vene- Algeria dor Gabon nesia Iran Iraq Kuwait Libya Nigeria Qatar Arabia UAE zuela Total West German y (Continued) 1976 1,145.7 67.3 69.3 213.6 1,987.5 154.7 182.1 2,103.3 975.1 124.6 1,798.1 691.1 207.9 9,720.3 1st Qtr 264.0 13.4 21.2 48.2 426.0 27.3 51.3 473.6 251.6 26.3 388.7 153.6 44.3 2,189.5 2d Qtr 292.8 14.4 21.2 35.4 410.3 33.2 55.3 474.9 232.8 41.3 367.3 167.4 76.7 2,223.0 3d Qtr 305.7 12.1 13.0 62.1 526.8 57.0 38.1 544.0 238.7 0.1 554.8 177.9 45.1 2,575.4 4th Qtr 283.2 27.4 13.9 67.9 624.4 37.2 37.4 610.8 252.0 56.9 487.3 192.2 41.8 2,732.4 1977 1st Qtr 328.6 20.8 16.0 96.8 496.1 38.8 44.6 623.8 232.3 16.6 436.7 197.0 30.0 2,578.1 Apr 66.0 7.3 4.0 24.0 160.2 0.5 20.0 152.5 84.2 22.3 131.7 72.4 10.5 755.6 France 1974 957.7 9.7 320.8 61.5 716.3 1,242.3 938.5 388.8 872.8 264.0 3,028.3 1,184.6 133.5 10,116.8 1975 747.2 15.7 246.8 55.2 1,286.1 1,128.5 652.0 200.6 859.4 211.9 3,041.6 1,134.4 86.1 9,665.5 1976 691.4 13.2 293.8 97.2 1,436.1 1,590.6 409.1 320.3 749.4 326.1 4,079.1 1,235.3 94.0 11,335.8 1st Qtr 179.8 3.7 64.2 14.4 358.9 281.5 63.1 78.7 207.3 98.4 982.4 452.7 32.6 2,817.7 2d Qtr 170.7 2.8 74.1 21.5 315.8 331.6 120.4 89.4 173.0 74.2 977.1 238.5 20.7 2,609.8 3d Qtr 155.3 1.9 79.1 27.1 331.4 400.0 111.7 65.4 152.6 80.0 1,033.5 264.4 20.3 2,722.7 4th Qtr 185.6 4.8 76.4 34.2 430.0 577.5 113.9 86.8 216.5 73.5 1,086.1 279.7 20.4 3,185.4 1977 1st Qtr 196.5 5.5 88.1 30.7 448.6 470.7 125.5 65.4 209.4 99.5 1,033.5 263.5 19.5 3,056.4 Apr 54.5 3.5 32.8 13.6 134.1 135.4 23.8 16.3 84.9 16.4 304.5 53.3 6.0 879.1 United Kingdom 1974 83.8 5.1 66.1 33.8 1,202.9 248.6 1,334.0 913.8 860.8 388.5 2,757.8 483.9 315.9 8,694.8 1975 189.8 4.8 8.1 33.2 1,554.3 226.1 935.5 288.5 685.0 348.5 1,915.3 356.6 366.8 6,912.3 1976 147.3 4.8 16.3 39.9 1,879.0 492.6 1,042.7 297.4 574.9 456.1 1,783.9 362.6 215.4 7,292.7 1st Qtr 54.6 0.9 1.2 7.8 425.9 70.1 223.3 70.1 160.9 149.0 492.1 98.2 70.1 1,824.2 2d Qtr 30.2 1.2 9.6 8.9 478.6 69.5 230.0 42.0 167.9 145.3 386.5 103.0 64.9 1,737.6 3d Qtr 41.4 1.3 3.0 13.4 473.3 196.7 225.7 98.2 138.4 103.3 444.9 103.2 50.8 1,893.6 4th Qtr 21.1 1.2 2.5 9.8 501.2 156.3 363.7 87.1 107.7 58.5 440.4 58.2 29.6 1,837.3 1977 1st Qtr 26.8 0.9 2.3 9.2 482.0 138.5 224.3 29.8 159.3 99.4 498.6 92.0 19.9 1,783.0 2d Qtr 20.7 2.2 1.1 11.0 359.3 146.0 282.7 81.0 68.9 32.7 558.7 102.1 35.3 1,701.7 Italy 1974 268.2 25.1 56.0 72.4 1,123.3 1,186.4 478.6 2,364.8 360.6 208.1 3,047.0 108.3 105.3 9,384.1 1975 405.3 34.0 41.7 53.4 1,134.5 1,672.3 357.9 1,248.4 67.6 127.1 2,351.2 201.1 159.7 7,854.2 1976 296.8 25.4 16.4 114.7 1,218.9 1,304.2 203.2 1,587.0 55.8 140.1 2,423.8 236.8 208.1 7,831.2 1st Qtr 81.3 4.8 1.9 21.4 290.5 313.3 17.9 351.8 10.7 33.5 471.3 62.9 27.8 1,689.1 2d Qtr 73.1 6.1 5.0 24.9 309.1 284.5 26.5 481.4 12.7 39.9 729.8 49.6 49.1 2,091.7 3d Qtr 76.5 7.8 5.5 30.1 303.4 356.9 71.9 403.1 17.8 18.9 632.6 41.5 68.9 2,034.9 4th Qtr 65.9 6.7 4.0 38.3 315.9 349.5 86.9 350.7 14.6 47.8 590.1 82.8 62.3 2,015.5 1977 1st Qtr 40.5 7.7 13.2 33.3 340.9 370.9 168.2 355.1 30.5 26.5 644.8 96.5 37.5 2,165.6 Apr & Ma 32.7 7.9 5.3 26.7 249.6 297.0 96.2 273.8 17.3 20.0 517.7 41.0 20.2 1,605.4 Canada 1974 6.9 40.0 4.9 4.7 833.6 37.2 68.0 31.3 55.1 0 325.4 88.0 1,320.0 2,613.1 1975 1.7 20.8 25.4 14.0 745.3 131.7 108.7 35.5 77.0 6.3 733.3 138.2 1,088.0 3,125.9 1976 66.1 30.6 82.4 18.4 704.9 135.5 22.7 108.1 157.8 0 488.8 62.8 1,314.8 3,170.7 1st Qtr 19.1 3.8 11.2 2.2 211.0 30.6 6.4 51.1 85.1 0 118.3 36.0 268.2 843.0 2d Qtr 19.5 7.2 8.1 4.2 211.5 28.4 6.5 35.0 48.8 0 126.6 19.7 439.3 954.8 3d Qtr 4.4 5.0 22.8 6.0 132.5 47.9 9.8 20.0 15.9 0 141.4 7.1 302.4 715.2 4th Qtr 23.1 14.6 20.3 6.0 149.9 28.6 0 0 7.8 0 102.5 0 304.9 657.7 1977 1st Qtr 9.2 22.1 13.8 3.9 125.7 23.0 0 0 13.3 0 191.9 0 338.8 741.7 2d Qtr 11.0 15.9 0 6.4 136.5 0.1 0 0 0.1 0 167.3 0 339.5 676.8 I Data are unadjusted. 2 Data are f.a.s. S Data are f.o.b. 15 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79BOO457AO01100010001-0 Selected OECD Countries: Trends in Inland Oil Consumption Thousand b/d United States' Annual Average 16,367 17,308 16,653 16,322 17,444 Jan 16,735 18,713 17,286 18,004 18,598 20,481 Feb 17,861 19,094 17,366 17,084 17,429 20,427 Mar 16,870 17,216 16,104 16,315 17,299 18,056 Apr 15,529 15,921 15,929 16,048 16,671 17,570 May 14,801 16,626 15,726 15,155 15,977 (est.) 17,252 Jun 15,615 16,481 16,117 15,610 16,836 (est.) 17,600 Jul 14,821 16,372 16,349 15,740 16,613 (est.) 17,697 Aug 15,936 17,499 16,550 15,806 16,642 (est.) 18,533 Sep 15,489 16,656 16,024 15,768 16,825 (est.) 17,885 Oct 16,455 17,202 17,050 16,377 17,052 Nov 17,610 18,492 17,351 15,777 18,847 Dec 18,738 17,538 18,013 18,185 20,506 Canada Annual Average 1,511 1,597 1,630 1,595 1,658 Jan 1,536 1,667 1,823 1,691 1,785 1,797 Feb 1,793 1,747 1,863 1,872 1,754 1,919 Mar 1,612 1,584 1,659 1,558 1,747 1,664 Apr 1,367 1,431 1,560 1,592 1,518 1,526 May 1,374 1,486 1,577 1,471 1,509 1,523 Jun 1,334 1,474 1,455 1,550 1,560 1,633 Jul 1,294 1,490 1,534 1,493 1,531 1,530 Aug 1,394 1,557 1,463 1,449 1,585 Sep 1,402 1,427 1,415 1,469 1,514 Oct 1,577 1,680 1,680 1,555 1,560 Nov 1,685 1,801 1,714 1,577 1,822 Dec 1,782 1,828 1,831 1,880 2,008 Japan Annual Average N.A. 5,000 4,872 4,568 4,786 Jan N.A. 5,036 5,103 4,729 4,941 5,428 Feb N.A. 5,352 5,664 5,191 5,246 6,019 Mar N.A. 5,306 5,407 4,918 5,165 5540 Apr N.A. 4,737 4,706 4,202 4,526 4,713 May N.A. 4,597 4,568 4,041 4,218 4,313 Jun N.A. 4,776 4,520 4,135 4,429 4,480 Jul N.A. 4,586 4,385 4,265 4,416 4,700 Aug N.A. 4,684 4,576 4,234 4,461 Sep N.A. 4,778 4,720 4,543 4,517 Oct N.A. 5,093 4,614 4,409 4,523 Nov N.A. 5,559 4,925 4,747 5,160 Dec N.A. 5,526 5,330 5,447 5,846 Austria Annual Average 203 227 203 199 215 Jan 189 220 236 183 207 200 Feb 221 225 220 190 208 208 Mar 212 224 160 172 209 182 Apr 183 204 169 184 156 197 May 174 210 172 156 169 166 Jun 181 200 169 186 189 208 Jul 179 221 214 210 219 192 Aug 187 222 218 223 229 213 Sep 213 227 222 232 246 Oct 227 253 243 226 233 Nov 246 276 215 201 252 Dec 230 234 203 229 261 Belgium /Luxembourg Annual Average 485 505 440 416 449 Jan 535 543 512 550 498 552 Feb 591 589 528 558 547 507 Mar 546 570 392 410 469 517 Apr 470 565 383 465 460 Approved For Release 2001/04/11: CIA-FlOP79BOO457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79BOO457AO01100010001-0 Selected OECD Countries: Trends in Inland Oil Consumption (Continued) Belgium/Luxembourg (Continued) May 454 483 419 363 357 Jun 464 463 376 366 383 Jul 346 359 339 288 308 Aug 367 389 352 331 361 Sep 479 465 478 372 425 Oct 484 556 534 442 424 Nov 563 558 427 439 532 Dec 530 503 542 508 628 Denmark Annual Average 301 307 Jan N.A. N.A. N.A. 332 358 370 Feb N.A. N.A. N.A. 380 398 405 Mar N.A. N.A. N.A. 317 367 362 Apr N.A. N.A. N.A. 354 307 340 May N.A. N.A. N.A. 258 242 241 Jun N.A. N.A. N.A. 257 250 236 Jul N.A. N.A. N.A. 218 184 192 Aug N.A. N.A. N.A. 264 261 293 Sep N.A. N.A. N.A. 262 274 Oct N.A. N.A. N.A. 302 280 Nov N.A. N.A. N.A. 324 356 Dec N.A. N.A. N.A. 353 414 France Annual Average 1,985 2,219 2,094 1,925 2,071 Jan 2,276 2,743 2,523 2,190 2,432 2,518 Feb 2,450 2,687 2,389 2,243 2,492 2,386 Mar 2,100 2,528 2,249 1,952 2,372 2,109 Apr 1,848 2,296 1,970 2,202 2,116 2,044 May 1,743 1,890 1,915 1,640 1,795 1,846 Jun 1,597 1,685 2,103 1,642 1,603 1,717 Jul 1,444 1,566 1,703 1,491 1,624 1,349 Aug 1,441 1,495 1,506 1,300 1,668 1,390 Sep 1,950 1,932 1,996 1,785 1,966 1,789 Oct 2,106 2,482 2,045 1,917 1,908 Nov 2,332 2,593 2,260 2,077 2,204 Dec 2,574 2,768 2,492 2,658 2,687 Italy Annual Average 1,435 1,525 1,521 1,468 1,502 Jan 1,720 1,781 1,755 1,792 1,775 1,683 Feb 1,756 1,866 1,760 1,767 1,743 1,809 Mar 1,450 1,710 1,579 1,558 1,641 1,548 Apr 1,169 1,420 1,421 1,530 1,423 1,363 May 1,138 1,285 1,349 1,174 1,253 1,252 Jun 1,101 1,255 1,314 1,289 1,236 1,324 Jul 1,175 1,303 1,368 1,234 1,355 1,233 Aug 1,129 1,255 1,287 1,105 1,372 1,135 Sep 1,450 1,462 1,527 1,465 1,592 1,682 Oct 1,650 1,610 1,569 1,679 1,464 Nov 1,702 1,551 1,580 1,448 1,393 Dec 1,899 1,698 1,753 1,600 1,779 Netherlands Annual Average 496 507 444 412 487 Jan 509 584 468 399 480 521 Feb 591 586 522 430 542 524 Mar 557 542 438 379 543 518 Apr 512 541 530 474 443 424 May 453 475 432 390 453 393 Jun 430 436 427 403 462 456 Jul 374 408 415 354 426 388 Aug 435 437 414 364 446 Sep 440 485 440 412 493 Approved For Release 2001/04/11: CIA-RD1779BOO457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Selected OECD Countries: Trends in Inland Oil Consumption (Continued) Netherlands (Continued) Oct 515 594 472 440 469 Nov 581 503 440 419 517 Dec Annual 567 505 433 484 576 Norway Average N.A. N.A. 143 150 163 Jan N.A. N.A. 155 142 161 177 Feb N.A. N.A. 154 171 180 202 Mar N.A. N.A. 124 137 181 189 Apr N.A. N. A. 126 149 145 162 May N.A. N.A. 118 145 147 150 Jun N.A. N.A. 141 130 153 159 Jul N.A. N.A. 113 120 130 131 Aug N.A. N.A. 125 140 146 156 Sep N.A. N.A. 151 161 168 Oct N.A. N.A. 161 162 167 Nov N:A. N.A. 174 181 175 Dec Annual N.A. N.A. 180 162 197 Spain Average 471 581 626 667 744 Jan 483 539 610 720 758 740 Feb 508 568 639 682 785 727 Mar 461 564 571 625 769 660 Apr 447 537 595 688 742 634 May 444 523 620 622 685 669 Jun 472 530 608 610 714 672 Jul 457 466 630 624 755 677 Aug 462 667 617 584 685 615 Sep 477 576 636 667 734 Oct 459 669 677 713 742 Nov 500 646 653 706 780 Dec Annual 515 681 650 735 782 Sweden Average N.A. 533 490 478 529 Jan N.A. 603 521 511 565 606 Feb N.A. 555 415 547 530 600 Mar N.A. 540 427 479 539 545 Apr N.A. 506 441 532 450 499 May N.A. 524 495 392 395 466 Jun N.A. 420 464 511 410 409 Jul N.A. 387 423 362 382 377 Aug N.A. 455 463 459 483 Sep N.A. 492 516 503 571 Oct N.A. 656 553 462 585 Nov N.A. 645 568 446 697 Dec Annual N.A. 618 581 538 740 United Kingdom Average 1,954 1,974 1,857 1,633 1,603 Jan 2,121 2,315 2,045 1,981 1,679 1,830 Feb 2,401 2,313 2,127 1,907 1,865 1,844 Mar 2,249 2,271 2,133 1,731 1,879 1,818 Apr 2,027 2,038 1,899 1,826 1,716 1,670 May 1,851 1,939 1,704 1,482 1,417 1,546 Jun 1,745 1,697 1,545 1,416 1,416 1,454 Jul 1,519 1,637 1,531 1,322 1,346 1,302 Aug 1,527 1,615 1,513 1,208 1,276 Sep 1,703 1,727 1,663 1,501 1,477 Oct 1,959 2,150 2,049 1,707 1,544 Nov 2,194 2,258 2,108 1,723 1,750 Dec 2,132 1,906 1,983 1,821 1,869 18 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Selected OECD Countries: Trends in Inland Oil Consumption (Continued) West Germany Annual Average 2,521 2,693 2,408 2,319 2,507 Jan 2,545 2,868 2,556 2,183 2,464 2,389 Feb 2,803 2,850 1,969 2,455 2,497 2,441 Mar 2,525 2,707 2,173 2,234 2,747 2,519 Apr 2,347 2,809 2,539 2,431 2,339 2,425 May 2,335 2,546 2,403 2,253 2,320 2,359 Jun 2,632 2,674 2,414 2,106 2,393 2,495 Jul 2,188 2,196 2,548 2,319 2,624 2,381 Aug 2,444 2,738 2,476 2,360 2,515 2,468 Sep 2,487 2,618 2,473 2,309 2,521 Oct 2,522 2,969 2,613 2,328 2,391 Nov 2,667 2,883 2,432 2,361 2,700 Dec 2,783 2,481 2,261 2,502 2,571 ' Including bunkers, refinery fuel, and losses. 'Principal products only. 19 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 United States Japan Canada Austria Belgium Denmark France Ireland Italy 1.973 Sep 1,057,911 300,000 113,193 N.A. N.A. 30,996 194,122 5,555 N.A. 1974 Jan 1,017,333 275,000 125,289 7,650 35,018 25,017 174,594 5,490 N.A. Mar 995,365 257,000 116,060 8,358 25,404 25,849 171,229 6,037 143,876 Jun 1,102,467 325,000 N. A. 10,454 31,375 28,025 196,406 6,190 163,922 Sep 1,156,105' 359,000 148,305 9,278 37,011 34,507 238,630 6,504 177,310 Dec 1,115,916' 334,000 142,233 9,402 40,274 37,223 235,848 7,424 173,609 1975 Jan 1,099,144 330,000 136,590 9,826 40,406 33,609 230,271 7,687 147,431 Mar 1,076,360 296,000 133,805 9,220 38,902 34,595 215,365 7,439 150,124 Jun 1,071,150 314,000 140,617 10,257 36,704 34,566 203,831 7,665 169,776 Sep 1,147,338 330,000 147,939 8,913 41,420 44,238 223,942 7,599 174,010 Dec 1,132,955 325,000 138,462 7,329 40,194 40,325 195,998 7,081 N.A. 1976 Jan 1,102,282 308,000 128,356 6,877 38,508 39,223 182,887 6,825 N.A. Mar 1,060,489 290,000 121,490 N.A. N. A. N. A. N.A. N.A. N.A. Jun 1,108,703 325,000 132,174 6,855 41,676 31,193 167,017 7,315 N.A. Sep 1,206,690 365,000 138,211 8,110 41,537 40,661 209,692 7,877 N.A. Dec 1,129,445 359,000 125,934 7,680 43,092 37,478 203,407 7,628 157,687 1977 Jan 1,064,915 364,000 126,025 7,059 43,683 36,383 192,676 7,242 155,811 Feb 1,050,507 315,000 120,857 8,358 42,880 33,544 188,347 7,271 154,322 Mar 1,086,822 327,000 125,757 9,074 42,880 33,361 183,303 7,110 151,110 Apr 1,121,008 332,000 122,770 9,454 43,187 32,551 187,048 7,154 166,973 May 1,171,222 358,000 129,467 9,373 44,085 34,128 166,710 8,497 170,983 Jun 1,209,500 362,000 138,808 8,541 43,618 36,215 N.A. 9,388 N.A. Jul 1,239,100 356,000 139,053 N.A. N.A. N A. N.A. N.A. N.A. Aug 1,251,800 361,000 N.A. N.A. N.A. N A. N.A. N.A. N.A. Sep 1,284,900 N.A. N.A. N.A. N.A. N.A. N.A. N.A. N.A. W Luxem- Nether- Switzer- United est bourg lands Norway Portugal Spain Sweden land Turkey Kingdom Germany 1973 Sep N.A. N.A. 8,045 7,125 N.A . 43,398 26,514 N.A. 152,261 172,010 1974 Jan N.A. N.A. 8,446 5,745 40,449 37,668 25,995 N.A. 131,239 149,190 Mar N.A. N.A. 9,176 7,840 47,414 39,128 26,382 9,979 134,816 165,549 Jun N.A.. N.A. 10,476 7,307 50,217 43,034 26,966. 9,446 167,637 170,827 Sep N.A.. N.A. 10,541 7,264 53,538 47,815 28,309 12,527 175,236 187,968 Dec N.A. 66,452 7,037 7,037 53,261 44,749 29.638 9345 160,593 187,938 1975 Jan 1,708 65,269 8,650 6,344 40,449 43,727 29,025 8,234 169,623 171,192 Mar 1,745 61,430 9,672 6,110 50,611 39,785 26,928 8,088 145,248 158,169 Jun 2,102 62,941 9,789 5,928 48,633 34,675 27,652 10,220 147,949 161,520 Sep 2,139 63,758 10,986 6,446 51,677 40,114 29,623 11,213 154,921 184,267 Dec 2,044 60,086 11,614 8,541 50,201 43,180 29,762 N.A. 138,941 186,668 1976 Jan 2,015 53,195 12,410 5,533 48,728 42,742 29,200 N.A. N.A. 184,829 Mar 1,832 52,932 9,570 7,234 N.A. 37,668 27,528 N.A. N.A. 175,483 Jun 1,971 54,560 11,154 6,658 N.A. 37,194 28,587 N.A. 135,291 189,092 Sep 1,986 61,656 12,038 6,066 50,582 37,194 29,799 N.A. 140,686 201,845 Dec 2,008 56,568 12,468 8,176 N.A. 48,326 31,178 9,541 136,065 218,540 1977 Jan 2,008 53,618 12,673 9,855 61,320 45,954 32,047 8,636 133,320 217,474 Feb 1,964 52,772 9,526 9,162 60,240 42,012 31,383 7,884 130,378 217,620 Mar 1,978 53,078 9,833 7,205 66,576 40,478 31,032 7,169 124,217 211,423 Apr 2,015 54,013 11,198 7,650 75,154 40,260 31,463 9,716 121,976 215,394 May 1,993 59,546 11,665 7942 64,860 46,362 31,901 11,972 125,531 214,562 Jun 2,022 58,765 12,695 7,753 67,240 46,070 33,514 10,731 129,020 219,781 ' Estimated. 2 As of January 1977, US Bureau of Mines changed the reporting of crude oil stocks to include foreign crude oil not yet received at refineries. Figures for 1976 and 1977 have been computed on the new basis. 20 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Estimated OECD Oil Consumption' Million b/d 1st Qtr 2d Qtr 3d Qtr 4th Qtr 1973 43.2 37.6 36.8 42.4 1974 39.6 35.9 36.3 39.0 1975 37.9 34.2 34.2 37.6 1976 39.9 35.7 36.2 41.1 1977 42.5 37.1 ' Excluding Australia and New Zealand, and including US refinery gain. F.O.B. Rotterdam' F.O.B. Italy' Heavy Fuel Oil Heavy Fuel Oil 1% Sulfur 3.5% Sulfur Gas Oil Gasoline (Premium) 1% Sulfur 3.5% Sulfur Gas Oil Gasoline (Premium) 1974 1st Qtr 14.02 12.77 15.13 19.76 13.87 12.88 13.95 19.26 2d Qtr 10.15 9.70 11.77 19.61 9.90 9.35 10.93 18.77 3d Qtr 9.87 9.24 12.34 13.92 9.61 9.23 11.96 13.15 4th Qtr 11.09 10.11 12.33 13.26 10.29 9.96 11.68 12.08 1975 1st Qtr 11.97 10.49 11.18 14.20 10.57 10.24 11.10 13.23 2d Qtr 10.61 9.68 12.90 15.95 10.40 10.16 12.24 15.28 3d Qtr 9.33 8.62 14.40 15.02 8.81 8.30 13.87 14.64 4th Qtr 9.53 8.33 14.84 15.85 8.99 8.38 14.56 15.24 1976 1st Qtr 10.39 9.84 13.79 17.10 9.95 9.65 13.59 16.48 2d Qtr 10.40 9.56 14.08 19.24 10.18 9.73 13.90 18.30 3d Qtr 11.06 9.99 14.40 18.02 10.34 10.06 14.19 17.37 4th Qtr 12.07 10.76 14.57 17.44 11.64 10.85 14.48 16.83 1977 Jan 13.51 12.21 16.03 16.94 13.75 12.30 15.70 16.51 Feb 13.52 11.88 15.83 16.80 13.99 12.30 16.39 16.65 Mar 12.71 11.04 15.54 16.71 12.85 11.59 15.57 16.51 Apr 12.49 10.81 15.64 17.57 12.10 10.87 15.62 16.82 May 12.62 10.70 15.81 17.46 12.22 10.75 15.74 16.48 Jun 12.41 10.80 15.78 16.74 12.42 11.03 15.76 16.14 Jul 12.50 11.26 15.94 16.69 12.30 11.18 15.76 15.94 Aug 12.47 11.36 15.61 16.63 12.43 11.34 15.73 15.95 Sep 12.44 11.38 15.45 16.48 12.54 11.35 15.60 15.72 Oct 12.57 11.58 15.60 16.51 12.54 11.64 15.62 15.58 ' Barge lot-minimum 3,500 barrels. 2 Cargo lot-minimum 130,000 barrels. 21 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Releaselg1?6I9efd~0001~OIlon Regular Gasoline Premium Gasoline Diesel Fuel Price' Tax Price' Tax Price' Tax United States 1973 Oct 40 12 44 12 23 12 1974 Jan 46 12 50 12 32 12 Jun 55 12 59 12 36 12 1975 Jan 53 12 57 12 50 12 Jun 57 12 61 12 51 12 1976 Jan 58 12 63 12 52 12 Jun 59 12 64 12 52 12 1977 Jan 60 12 65 12 54 12 Jun 63 12 69 12 57 12 Jul 63 12 69 12 57 12 Japan 1973 Oct 88 39 105 39 48 21 1974 Jan 115 39 133 39 54 21 Jun 137 47 155 47 71 21 1975 Jan 152 47 170 47 78 21 Jul] 155 47 172 47 82 21 1976 Jan 156 47 174 47 86 21 Jul) 157 47 175 47 93 27 1977 Jan 167 59 185 59 93 27 Jun 167 59 185 59 88 25 West Germany 1973 Oct 112 81 124 82 112 76 1974 Jan 137 83 149 84 139 79 Jun 137 83 149 84 139 79 1975 Jan 129 84 140 84 137 76 Jun 129 84 143 84 137 76 1976 Jan 141 84 151 85 141 79 Jun 144 84 154 85 141 79 1977 Jan 144 84 154 84 141 79 Jun 141 84 150 86 140 79 Sep 140 84 149 86 140 79 France z 1973 Oct 95 65 103 69 66 39 1974 Jan 123 69 133 73 79 41 Jun 123 69 133 73 79 41 1975 Jan 129 73 139 77 88 38 Jun 129 73 139 77 85 46 1976 Jan 134 75 145 80 95 47 Jun 134 76 149 80 95 48 1977 Jan 159 97 171 103 99 48 Jun 167 101 180 108 109 54 Sep 167 101 180 108 109 54 United Kingdom 1973 Oct 51 32 53 32 51 32 1974 Jan 55 32 57 32 55 32 Jun 76 39 79 39 78 39 1975 Jan 100 39 104 39 79 39 Jun 100 39 104 39 78 39 1976 Jan 107 54 109 53 88 39 Jun 107 54 109 54 88 39 1977 Jan 112 55 115 56 111 52 Jun 119 64 122 64 120 59 Italy Sep 1.09 55 112 55 120 59 1973 Oct 75 56 79 58 41 26 1974 Jan 81 57 85 59 48 27 Jun 105 69 111 70 58 27 1975 Jan 122 69 128 87 58 27 Jun 122 83 128 87 60 28 1976 Jan 128 84 134 87 62 27 Jun 164 107 171 110 70 29 1977 Jan 205 147 213 153 72 29 Jun 205 148 213 153 66 19 Sep 205 148 213 153 66 19 Canada 9 1973 Oct 44 17 48 17 48 23 1974 Jan 44 17 48 17 48 23 Jun 51 17 55 17 55 23 1975 Jan 52 17 56 17 56 23 Jun 54 17 58 17 56 23 1976 Jan 66 25 70 25 61 31 Jun 66 25 70 25 62 31 1977 Jan 70 25 74 25 65 31 Mar 72 25 76 25 68 31 ' Including tax. 'Government price ceilings in effect. ' Toronto prices. Approved For ReleaserhOt1T ` :'2 X0fYPl'9tf00457A001100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 US $ per Barrel 4th Qtr 1975 1978 1st Qtr 1977 2d Qtr 1977 July 1977 Operating Company Cost Direct Sales Price Operating Company Cost Direct Sales Price Operating Company Cost Direct Sales Price Operating Company Cost Direct Sales Price Operating Company Cost Direct Sales Price OPEC averages 11.41 11.75 11.48 11.77 12.45 12.74 12.46 12.76 12.70 13.02 Saudi Arabia Light 34? API 1.70% sulfur 11.27 11.51 11.27 11.51 11.84 12.09 11.84 12.09 12.45 12.70 Berri 39? API 1.16% sulfur 11.62 11.87 11.62 11.87 12.22 12.48 12.22 12.48 12.95 13.22 Heavy 27? API 2.85% sulfur 10.90 11.14 10.85 11.08 11.13 11.37 11.13 11.37 11.77 12.02 Medium 31? API 2.40% sulfur 11.09 11.33 11.07 11.30 11.44 11.69 11.44 11.69 12.07 12.32 Iran Light 34? API 1.35% sulfur 11.40 11.62 11.40 11.62 12.59 12.81 12.59 12.81 12.59 12.81 Heavy 31? API 1.60% sulfur 11.28 11.50 11.15 11.37 12.27 12.49 12.27 12.49 12.27 12.49 Iraq 35? API 1.95% sulfur 11.21 11.43 11.46 11.46 12.62 12.62 12.60 12.60 12.60 12.60 Nigeria 34? API 0.16% sulfur 12.11 12.51 12.64 12.93 13.91 14.22 14.17 14.52 14.17 14.52 UAE 391 API 0.75% sulfur 11.62 11.92 11.62 11.92 12.08 12.50 12.08 12.50 12.73 13.26 Kuwait 31? API 2.50% sulfur * 11.15 11.30 11.11 11.26 12.22 12.37 12.22 12.37 12.22 12.37 Libya 40? API 0.22% sulfur 12.08 12.32 12.21 12.47 13.68 13.92 13.68 13.92 13.92 14.20 Venezuela 26? API 1.52% sulfur 11.19 N.A. 11.13 11.33 12.52 12.72 12.52 12.72 12.52 12.72 Indonesia 351 API 0.09% sulfur 10.65 12.80 11.10 12.80 12.15 13.55 12.15 13.55 12.15 13.55 Algeria 42? API 0.10% sulfur 12.62 12.75 13.01 13.01 14.29 14.29 14.29 14.29 14.45 14.45 Qatar 40? API 1.17% sulfur 11.54 11.85 11.54 11.85 12.88 13.19 12.88 13.19 12.88 13.19 Gabon 29? API 1.26% sulfur 9.23 10.50 10.29 11.55 10.45 11.55 11.23 12.60 11.23 12.60 Ecuador 28? API 0.93% sulfur 10.41 11.70 10.81 11.46 10.81 11.46 N.A. 13.00 N.A. 13.00 'Total average f.o.b. costs paid by present or former concessionaires. F.o.b. prices set by the government for direct sales and, in most cases, for the producing company buy-back oil. 'Weighted by the volume of production. * A 10-cent-per-barrel discount will be offered to buyers provided they meet their minimum contractual lifting volumes for second half 1977. The discount will be credited to the lifting companies' accounts beginning in first quarter 1978. 23 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 1970 1971 1972 1973 1974 1975 1976 1977 Jan Feb Mar Apr May Jun Jul Aug 7.06 7.54 8.01 8.58 9.18 9.82 10.37 10.64 10.69 10.83 10.85 10.86 10.93 10.95 10.97 Total 7.06 7.54 8.01 8.58 9.18 9.82 10.4 Urals-Volga 4.17 4.23 4.31 4.40 4.44 4.50 4.5 West Siberia 0.63 0.90 1.25 1.75 2.33 2.96 3.6 Central Asia 0.58 0.66 0.71 0.76 0.79 0.81 0.8 Azerbaydzhan SSR 0.40 0.38 0.37 0.36 0.36 0.34 0.3 North Caucasus 0.68 0.72 0.69 0.59 0.53 0.47 0.4 Ukrainian SSR 0.27 0.28 0.28 0.27 0.25 0.23 0.2 Komi ASSR 0.11 0.12 0.13 0.13 0.14 0.14 0.2 Belorussia SSR 0.08 0.11 0.12 0.14 0.16 0.16 0.2 Far East 0.05 0.05 0.05 0.05 0.05 0.04 Negl. Other 0.09 0.09 0.10 0.13 0.13 0.17 0.1 Including natural gas liquids. 2 Preliminary. Total Middle East Egypt 40 40 20 4 3 5 3 Iraq 0 0 80 220 78 108 116 Other 50 90 80 66 29 37 9 24 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Total 1,920 2,110 2,140 2,380 2,340 2,600 2,970 Other Communist countries 1,010 1,110 1,200 1,350 1,440 1,550 1,680 Eastern Europe 805 895 975 1,100 1,180 1,260 1,370 Asia 30 25 20 20 30 40 40 Cuba 120 130 140 150 155 160 175 Yugoslavia 55 60 65 80 75 90 95 Free World countries 910 1,000 940 1,030 900 1,050 1,290 North America 5 0 10 30 20 15 23 Canada 0 0 0 0 3 5 2 United States 5 0 10 30 17 10 21 Western Europe 760 830 815 880 750 880 1,102 Finland 155 170 170 200 180 175 190 France 50 90 60 105 30 70 117 Italy 205 180 170 175 135 135 240 Netherlands 30 35 50 65 60 60 53 Sweden 95 90 90 65 60 70 55 West Germany 125 120 125 115 125 150 145 Other 100 145 150 155 160 220 302 Near and Middle East 60 60 50 30 30 45 56 Egypt 30 32 30 7 4 5 5 Greece 20 20 18 16 20 38 40 Other 10 8 2 7 6 2 11 Africa 25 30 35 35 23 20 23 Ghana 10 12 13 12 6 3 5 Morrocco 14 17 19 19 13 13 13 Other 1 1 3 4 4 4 5 Asia 60 80 30 55 52 60 65 India 5 10 8 10 20 25 22 Japan 54 66 20 41 25 26 35 Other 1 4 2 4 7 9 8 Latin America 0 0 0 0 25 30 21 Brazil 0 0 0 0 25 30 21 1970 5.15 1971 5.46 1972 5.92 1973 6.33 1974 6.79 1975 7.20 1976 7.55 25 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 USSR: Natural Gas Production Million cm/d 1970 542.3 1971 581.9 1972 604.9 1.973 647.5 1974 713:8 1975 792.6 1976 876.0 1977 Jan 958.1 Feb 971.4 Mar 958.1 Apr 933.3 May 912.9 Jun 903.3 Jul 900.0 Aug 909.7 Total 542.3 581.9 604.9 647.5 713.8 792.6 876.0 Central Asia 131.7 148.1 162.8 196.0 226.0 260.0' 285.6 Ukrainian SSR 166.8 177.0 184.1 186.6 187.2 188.2 187.7 North Caucasus 104.8 99.1 82.1 70.8 68.0 65.1 60.03 West Siberia 26.5 26.5 31.1 45.0 67.7 103.0 131.1 Komi ASSR 17.0 27.5 36.4 38.2 46.7 50.71 53.6 Azerbaydzhan SSR 15.0 15.9 18.7 22.9 24.9 27.1 30.1 Urals-Voga and other produc- ing regions in the RSFSR 80.5 87.8 89.7 88.0 93.3 98.5' 127.9 Revised. 2 Preliminary. Estimate based on average rate of decline during 1970-75. Exports 9.0 12.5 13.9 18.7 38.5 53.0 70.4 Eastern Europe 6.4 8.6 9.4 13.3 23.4 31.0 36.7 Bulgaria 0 0 0 0 0.3 3.2 6.1 Czechoslovakia 3.7 4.5 5.3 6.5 8.9 10.1 11.7 East Germany 0 0 0 2.1 7.9 9.1 9.2 Hungary 0 0 0 0 0 1.7 2.7 Poland 2.7 4.1 4.1 4.7 5.9 6.9 7.0 Western Europe 2.6 3.9 4.5 5.4 15.1 22.0 33.7 Austria 2.6 3.9 4.5 4.4 5.8 5.1 7.6 Finland 0 0 0 0 1.2 2.0 2.4 France 0 0 0 0 0 0 2.7 Italy 0 0 0 0 2.2 6.4 10.1 West Germay 0 0 0 1.0 5.9 8.5 110.9 Imports 9.7 22.3 30.2 31.3 32.7 34.0 3:2.2 Afghanistan 7.1 6.9 7.8 7.5 7.8 7.8 6.8 Iran 2.6 15.4 22.4 23.8 24.9 26.2 25.4 26 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 1970 1971 1972 1973 1974 1975 1976 543.0 591.7 621.2 660.1 708.0 773.6 837.8 Production Bulgaria Czechoslovakia East Germany Hungary Poland Romania Yugoslavia Consumption Bulgaria Czechoslovakia East Germany Hungary Poland Romania Yugoslavia 384 393 404 410 417 423 429 7 6 5 4 3 2 2 4 4 4 3 3 3 2 1 1 1 1 1 1 1 39 39 40 40 40 40 43 8 8 7 8 11 11 9 268 276 283 286 290 292 294 57 59 64 68 69 74 78 1,236 1,385 1,525 1,797 1,822 1,977 N.A. 179 208 218 244 262 284' N.A. 207 236 256 294 308 330' N.A. 191 209 272 293 297 3321 N.A. 128 145 163 179 186 204 N.A. 170 192 214 266 259 280 N.A. 207 227 239 270 276 310' N.A. 154 168 163 251 234 237 N.A. 27 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79BOO457AO01100010001-0 Eastern Europe: Oil Trade Crude Oil 1970 1971 1972 1973 1974 1975 (Est.) Imports 879 1,013 1,171 1,401 1,445 1,550 USSR 679 800 921. 1,044 1,118 1,214 OPEC 102 117 107 233 270 287 Iraq 40 53 28 53 86 146 Iran 62 64 71 94 63 14 Algeria 0 0 6 0 5 14 Libya 0 Negl. 2 0 4 9 Kuwait 0 0 0 4 0 0 Other OPEC 0 0 0 82 z 1121 104 ' Other Non-OPEC 98 96 143 124 57 49 Belgium 0 0 0 0 6 4 West Germany 0 0 0 6 4 0 Netherlands 0 0 0 0 2 11 Syria Negl. 0 7 3 Negl. 5 France 0 7 1 0 0 0 Other Petroleum products 98 89 135 115 45 29 Imports 166 152 158 175 176 138 Bulgaria 58 51 47 47 48 22 Czechoslovakia 22 20 21 25 27 20 East Germany - 2 4 11 2 2 2 Hungary 19 15 13 18 17 13 Poland 48 45 47 61 60 63 Yugoslavia 17 17 19 22 22 18 Exports 200 179 218 201 233 225 Czechoslovakia 15 18 20 13 10 13 East Germany 26 20 47 48 58 48 Hungary 17 7 11 10 7 4 Poland 26 21 34 27 24 32 Romania 107 107 102 99 129 124 Yugoslavia 9 6 4 4 5 4 Crude oil exports are negligible. 2 Including data that cannot be distributed by country of origin. 1970 1971 1972 1973 1974 1975 Production 101.86 111.93 122.65 134.98 140.20 144.22 Bulgaria 1.30 0.90 0.60 0.61 0.49 0.40' Czechoslovakia 2.22 2.11 1.81 1.73 1.64 1.64 East Germany 3.38 7.67 13.70 19.18 21.92 21.92' Hungary 9.50 10.15 11.26 13.21 13.96 14.24 Poland 14.20 14.75 15.95 16.51 15.72 16.28 Romania 68.58 73.20 75.93 80.10 82.51 85.491 Yugoslavia 2.68 3.15 3.40 3.64 3.96 4.25 Consumption 108.48 120.46 131.74 148.10 181.98 169.13 Bulgaria 1.30 0.90 0.60 0.61 1.33 1.76' Czechoslovakia 5.70 6.32 6.85 7.99 9.01 9.85 East Germany 3.82 7.97 13.70 21.34 29.70 30.95 ' Hungary 10.05 10.72 11.81 13.76 14.51 14.79 Poland 16.95 18.83 20.06 21.19 21.52 22.37 Romania 68.03 72.65 75.38 79.57 81.95 84.96' Yugoslavia 2.63 3.07 3.34 3.64 3.96 4.25 Approved For Release 2001/04/11: CIA2kDP79BOO457AOO11OOO1OOO1-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Imports 7.46 9.50 10.02 13.92 22.34 25.44 Bulgaria 0 0 0 0 0.84 1.36 Czechoslovakia 3.72 4.55 5.36 6.53 7.37 8.21 East Germany 0.44 0.30 Negl. 2.16 7.78 9.03 Hungary 0.55 0.57 0.55 0.55 0.55 0.55 Poland 2.75 4.08 4.11 4.68 5.80 6.29 Exports 0.84 0.97 0.93 0.80 0.56 0.53 Czechoslovakia 0.24 0.34 0.32 0.27 Negl. 0 Romania 0.55 0.55 0.55 0.53 0.56 0.53' Yugoslavia 0.05 0.08 0.06 Negl. 0 0 0.84 0.97 0.93 0.80 0.56 0.53 Crude Oil Production 570 730 860 1,090 1,310 1,490 1,670 Crude Oil Consumption 500 630 740 920 1,030 1,300 1,500 Oil Trade Crude Exports Japan' 0 0 0 20 80 164 136 Philippines' 0 0 0 0 2.8 10.0 10.0 Thailand ' 0 0 0 0 0 5.0 0 Product Exports North Korea 10 10 10 5 5 5 5 Thailand ' 0 0 0 0 0 0 6.2 Vietnam 20 20 20 8 9 11 11 ' Data represent contracts, not all of which were delivered. 29 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 ER IOD q,g- ER IOD 650 cys RECIPIENT f C S/NOFORN 1 Mr. Zbigniew Brzezinski, Ass't to President 2 Mr. A. Denis Clift, Ass't to Vice President 3 Col. William Odom, c/o White House Sit. Room 4 DCI 5 DDCI 6,7,T1-27 NFAC Registry C~57--'eOlc I- '1/ V',l `" 8;9, (1OJ--T Reserve D/OER DD/OER EXO/ER & SA/ER SA/ER- for review Ethel, 0/SA/ER D/SA/ER Ch/D/I Ch/D/D 36 Ch/D/C 37 Ch/D/S 8 Ch/D/U; D/Ch/D/U, 25X1A 39,40 Filed PPG/R&D 41- J ') ) Ga 0L7 External Internal Dissem via P&PD P&PD Dissem to return extra copies /w J, Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79Bp90457A001100010001-0 ,ER IOD (4 cys) ( 3cys) (12 cys) (3 cys) (2 cys) COPY NO RECIPIENT 383 3 7-5 "9 3~v 3~1 yty_L) 1107, c/o' q09 y1o (2 cys) Appro L) a ed Fpr R,e.lease 20 St/P PPG/TPB ST/P/A D/ORPA 7G-15 DD/ORPA 7G-15 CIA Operations Center 7F-33 OJC/CRG 7G-15 DAC I/IE (Branch to pick up) I/WE I/JP S/TM I/PM D/ED D/LA D/NE D/SA S/TA S/IT C/CH C/IN C/RE U/EE U/IR 1 /04/10/SFIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11 : CIA-RDP79B00457AO01100010001-0 -3- COPY NO RECIPIENT STATINTL ( 3 cys) (2 cys) (2 cys) STATINTL (2 cys) (2cys) (3 cys) STATINTL (2cys) (2 cys) *via PPG/Reg * q 7- yak *~ 430 q~ * y3~~~y * cf35 * y36) g39 * q3'1 y3g * Lj i-f q.3 ** U/TD U/SR ** via GA-58 STATINTL 1- James Ammerman, Treasury Rep The Honorable Thomas 0. Enders, Amb. Canada Amb. Vanden Heuvel(put prioritysticker on publication) r* L'3 Appro\ed For Release 2001/04/11 : CIA-RDP79B00457AO01100010001-0 STATINTL ( 2 cys) (2 cys) -4- Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 COPY NO RECIPIENT SA/Technology/D/U 4FS4 TINTL Annotate copy X 44 4 I& UST -9 Agency Archives STATINTL 6C-43 STATINTL OSI/NED Rm 5G-48 1 cy Survey Lawrence Livermore 'WLab STAT~NTL Lawrence, a OSI/NED/Nuclear Programs Branch 5G-48 Rm. 4B4404 STATINTL Approved Fort Release 2001/04/11 1 CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/1-15:-CIA-RDP79B00457A001100010001-0 (31 cys Survey) 81415 Hqs. STATINTL IC Staff, BW-09 Communit H s O/C/CRG 0/C/PPG CRG/Editorial Group CRG/President's Daily Brief, Rm 7G15 CRG/Western Europe Group 7G-15 CRG/USSR/EE Group 7G-15 CRG/Middle East/Africa Group 7G-15 CRG/Western Hemispher Group 7G-15 STATINTL DCD Message Center, Room 811 Key Bldg. P&PD/DISSEM Sends DCD the IOD) (2 cys) 360 Approvedl For Release 2001/04/11 STATINTL IC Staff, 416 Ames B1dcTATINTL 7B -35 STATINTL CIA/REP SAC, Offutt AFB,Omaha, PPG/PDB 7G?-30 (pick up) 5C-45 CRG/OER Group 7G-15 NFAC/CL Room 2E-49 bf/PP6 j3 7AO01100010001-0 NebraSATINTL STATINTL STATINTL T Approv jFpf Release 2 co- -f STATINTL STAN NTL UE~ ~? X71 ~L~ct PIOC 77 D 1~1 )46; STATINTL D~~o/ass2- J~~?) D IE14 - oc- C f~)5- o~llr b~4 VEQ I1 3? o C-12 /I // r (q I I. uo 14 Approv Mr Release 2001/0 STATI NTL ~gfl~7) t 7~ STTATIINTLC q D/NFR G Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 EXTERNAL DISTRIBUTION OF THE INTERNATIONAL BIWEEKLY REVIEW ( ER IOD) '2- o a ~ ~-0.3 , /6 7Ia-r, /9 `1) 411 The Honorable James R. Schlesinger Secretary Department of Energy c/o White House Situation Room Mr. Frank Pagnotta Assistant to the President for Energy Matters c/o White House Situation Room Mr. David Freeman Office of the SA for Energy Matters c/o White House Situation Room Mr. Harry E. Bergold, Jr. Assistant Secretary International Affairs, Department of Energy c/o White House Situation Room Mr. Alvin L. Alm Assistant Secretary Policy & Evaluation Department of Energy via NSC Mr. Timothy Deal Staff Member National Security Council Mr. Malcolm Butler Staff Member National Security Council Dr. Jessica Tuchman Director Office of Global Issues National Security Council Mr. Robert Molander Staff Member National Security Council Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For R OMr. William Quandt Senior Staff Member National Security Council . // Mr. Samuel M. Hoskinson Senior Staff Member National Security Council Ambassador Henry Owen Special Projects National Security Council Mr. Roger Hansen Staff Member National Security Council (9 cys) Mr. Marshall Westover International Affairs Department of Energy Suite 5221, 20 Mass Ave.,N.W. 1- Mr. Clement Malin & Mr. Cecil Thompson 1- Mr. Wynn James 1- Mr. John Wilhelm 1- Mr. James Morris 1- Mr. Peter C. Borre 1- Mr. Kenneth Workman 1- Mr. R. Dennis Bevins 1- Mr. Walter J. McDonald 1- Mr. Charles V. Boykin Mr. Paul J. McGuire Department of Energy 1 Dr. Earl Stanley Paul, Jr. 1- Dr. John D. Christie, Ass't Administrator 1- Mr. Eugene Peer, Office of Oil & Gas 1- Mr. Charles B. Curtis 1- Mr. Douglas G. Robinson 1- Mr. Glenn Caplon Approved For Release 2001/04/11: CIA-RDP'9B00457AO01100010001-0 COUNCIL OF ECONOMIC ADVISERS Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 I&I The Honorable Charles L. Schultze Chairman Council of Economic Advisers Mr. Peter G. Gould Assistant to the Chairman Council of Economic Advisers Mr. Jeffrey Shafer Senior Staff Economist (International) Council of Economic Advisers Mr. Robert Litan Senior Staff Economist Council of Economic Advisers The Honorable William Nordhaus Member Council of Economic Advisers '7Y The Honorable Lyle E. Graznley Member Council of Economic Advisers OFFICE OF SCIENCE AND TECHNOLOGY POLICY 7-r office of Science & Technology Policy Ms. Betty Lewis Roan 3019 NEOB for: Mrs. Anne Keatley Office of the Director Science & Technology Policy COUNCIL ON ENVIRONMENTAL QUALITY Dr. Lee Talbot Council on Environmental Quality 722 Jackson Place, N.W. NEOB Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 OFFICE OF THE SPECIAL REPRESENTATIVE FOR TRADE NEGOTIATIONS 1900 G STREET, N.W. 79 Ambassador Robert S. Strauss Special Representative Trade Negotiations The Honorable Alan W. Wolff Deputy Special Representative Trade Negotiations The . Honorable. James McIntyre Acting Director Office of Management & Budget c/o White House Situation Room (8 cys) Mrs. Nanette Blandin-----for distribution within OMB Office of Management & Budget Room 8215 NEOB General Services Administration Federal Preparedness Agency Mr. John Lavery Security Officer Room 4230 18th & F Street, N W. for: Helen Ramey, EGC Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 DEPARTMENT OF STATE fV The Honorable Warren Christopher Deputy Secretary of State 9,11 Mr. Matthew Nimetz Counselor of the`Department The Honorable Richard Cooper Under Secretary for Economic Affairs via Robert J. Morris Special Assistant 494 Mr. Charles R. Frank, Jr. Deputy Assistant Secretary for Economic and Social Affairs Bureau of International Organization Affairs Department of State Mr. Leonard Ross Special Assistant to Under Secretary of State (3 cys) 7T7--TThe Honorable Anthony Lake Pi rector Policy Planning Staff 1" Miss Jeonne Walker Member c~ Policy Planning Staff A Mr. Jerome Kahan Member Policy Planning Staff The Honorable Lucy Benson 10 Under Secretary for Security Assistance 9 Mr. Gerald A. Rosen Office of Legal Adviser Room 6420 Ad Mr. Harold H. Saunders Director Bureau of Intelligence and Research Mr. Michael E. Ely Director Office of Economic Research and Analysis Bureau of Intelligence and Research Energy Officer INR/REC Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release (2 1(k4Mff CAS-F T7F9~ ~ b~~ 100010001-0 /b cMr. Phillip H. Stoddard Director Office of Economic Research & Analysis Near East & South Asia Bureau of Intelligence-and Research Department of State td( Senior Politico/Econ Officer INR/RAA Department of State 10 Mr. George Harris Director Office of Research & Analysis Western Europe Bureau of Intelligence & Research Department of State The Honorable Terence Todman Assistant Secretary & U.S. Aoordinator Alliance for Progress Bureau of Inter-American Affairs Department of State Ms. Diane Edminister Office of Regional Economic Policy Bureau of Inter-American Affairs Department of State Mr. Thomas W. Sonandres Director North Coast Bureau of Inter-American Affairs Department of State Mrs. Evelyn Colbert Special Assistant to Assistant Secretary Bureau of East Asian & Pacific Affairs Department of State Room 6205 The Honorable Arthur A. Hartman Assistant Secretary Bureau of European Affairs / Department of State Mr. Richard D. Vine Deputy Assistant Secretary Bureau of European Affairs Department of State Mr. William H. Luers Deputy Assistant Secretary Bureau of European Affairs Department of State Approved For Release 2001/04/11 : CIA-RDP79B00457A001100010001-0 -6- Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 j//cMr. Robert Barbour Assistant Secretary Office of Western European Affairs Bureau of European Affairs Department of State Mr. Nicholas G. Andrews Director Office of Eastern European Affairs Bureau of European Affairs Department of State ~1 ? Mr. Anthony C. Albrect Director Office of OECD, European Community & Atlantic Political-Economic Affairs Bureau of European Affairs Department of State r IF Mr. Mark Garrison Director Office of Soviet Union Affairs Bureau of European Affairs Department of State Mr. Robert L. Funseth Director Office of Northern European Affairs Bureau of European Affairs Department of State Mr. Richard D. 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ARMS CONTROL AND DISARMAMENT AGENCY Chief, Intelligence Staff Plans, and Analysis Bureau U.S. Arms Control & Disarmament Agency Room 6510A Department of State t~J 8 Mr. Byron Doenges Senior Economic Adviser ADCA Room 804 State Annex 6 Department of State Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 -9- Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 (5 cys) The Honorable Charles W. Duncan, Jr. ,U4y_, i Deputy Secretary of Defense c, 3' ' Mr. Andrew Marshall Director, Net Assessment OSD Room 3A930, Pentagon The Honorable David E. McGiffert Asst. Secretary International Security Affairs Dept. of Defense 39 Mr. James Noyes Deputy Asst. Secretary Near Eastern, African, and South Asian Affairs International Security Affairs Dept. of Defense Mr. J. Robinson West Deputy Asst. Secretary (International Economic Affairs) International Security Affairs &0 { Mr. Pedro A. 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Searing Director Office of East-West Economic Policy Department of the Treasury Deputy Assistant Secretary International Economic Research Department of the Treasury Mr. Arnold Nachmanoff Deputy Assistant Secretary for Developing Nations Finance Department of the Treasury 2Mr.'David C. Maslin International Economist Office of Developing Nations-Finance Department of the Treasury Mr. F. Lisle Widman Deputy Assistant Secretary for ftsW-R~~9B00457AO01100010001-0 Approve ~11~ trb& -14 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 6 g Mr. David Pritchett Director Office of International Energy Policy Department of the Treasury a U Mr. John Borkman, Office of the Assistant Secretary (Economic Affairs) Department of the Treasury 605"Mr. J. Foster Collins Special Assistant to Secretary for National Security Department of the Treasury Mrs. Fran Lawson Office of Intelligence Support Department of the Treasury 1 Mr. Lewis Bowden 4) a Deputy to the Assistant Secretary for Saudi Arabian Affairs Department of the Treasury Mr. Charles Schotta Direc tor Office of International Energy Policy Department of the Treasury A 9?Mr. Donald Syvrud Director Office of International Monetary Affairs Department of the Treasury Director Office of Bilateral Development Department of the Treasury .11 Mr. Ralph Hayn Office of Bilateral Development Department of the Treasury 3 Mr. Donald Curtis Director Office of Balance of Payments Department of the Treasury -15- Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 ,3Ir. Robert G. Pel i kan Director Office of Developing Nations Finance Department of the Treasury ,O1rs. Helen Junz Deputy Assistant Secretary for Commodities &Natural Resources Department of the Treasury ,305Mr. Peter Bridges Executive Secretariat Department of the Treasury d(Mr. Kevin Broderick Office of Executive Secretariat Department of the Treasury Mr. David S. Curry Office of International Banking Room 5325 Department of the Treasury Mr. Dell Perry Director Office of Legislative Regularty Energy Analysis Department of the Treasury Approved For Release 2001/04/11: CIS-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 (9 cys) Mr. David N. Laux Dept. of Commerce 3r3' J,/? Room 3520 1- The Honorable Juanita M. Kreps Secretary of Commerce 1- The Honorable Sidney Harman Under Secretary of Commerce-Designate 1- The Honorable Jerry J. Jasinowski Asst. Secretary for Policy-Designate 1- Mr. Haslam General Counsel-Designate 1- Asst. Secretary for Administration 1- Mr. S. Stanley Katz Deputy Asst. Secretary Bureau of International Economic Policy and Research 1- Mr. Edward Miller Acting Deputy Secretary for Energy & Strategic Resources Policy 1- The Honorable Robert J. Blackwell Asst. Secretary for Maritime Affairs 3~$ Mr. Robert E. Shepherd Deputy Asst. Secretary Bureau of Resources and Trade Assistance Dept. of Commerce 319 Mr. Robert G. Shaw Deputy Asst. Secretary Bureau of International Commerce Dept. of Commerce Director, Office of East-West Country Affairs DIBA-Dept. of Commerce Room 4814-A Z64/ Mrs. Lucy Falcone , Director Office of Policy Development Office of the Secretary, Dept. of Commerce Mrs. Hertha Heiss Chief, USSR Division Office of East-West Trade Development Bureau of East-West Trade, Room 4323 Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 -16- Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Mr. Jack Gaines Chief, Energy Resources Division Department of Commerce 3cAl Mr. Frank Vargo Director Office of Economic Research,DIBA Department of Commerce ~-Ro'oom 4824 3 5Ms. Wendy Raimes Project Manager Major Export Products' Division BIC Department of Commerce Room 3414 1 Zrs. Francis L. Hall Director International Trade Analysis Staff DIBA-Department of Commerce Room 5618 -3 Mr. Louis J. Moczar Balance of Paymentd Division Bureau of Economic Analysis 1401 K Street, N.W. Washington, D.C. Room 408 Mr. Cherie Laustaunau Commerce Action Group for the Near East Room 3015 Department of Commerce 933') (2 cys) Mr. Steven V. Dunaway Balance of Payments Division Bureau of Economic Analysis Room 408 1401 K Street, N.W. 33` Mr. Maurice Kd)gon Deputy Director Market Planning DIBA-Department of Commerce Room 3203 3 3 L=Zr. Richard Garitz Acting Director Office of International Marketing DIBA-Department of Commerce Room 4015-B Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 -17- Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 '2Mr. Eric Forman Maritime Administration Department of Commerce (2 cys) 'TOP/Economics Adviser 3,31 337 United States Information Agency curity Agency Energy Research & Development Administration Division of International Security Affairs Suite 5221, Room. 3n 20 Mass. Ave.,N.W. Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 FEDERAL RESERVE BOARD (2 cys) Mr. Edwin M. Truman Director Division of International Finance Board of Governors Federal Reserve System (2 cys) Mr. Mr. John Reynolds Counselor to the Director Division of International Finance Board of Governors Federal Reserve System (2 cys ) 3'S9, ' . Samuel Pizer, Adviser Division of International Finance Board of Governors Federal Reserve System 2 cys) 1Q Mrs. Cynthia Sutton Division of International Finance Board of Governors Federal Reserve System Mr. Sam Y. Cross U.S. Executive Director International Monetary Fund Dr. Raymond J. Albright & Canada Vice President for Europe Export-Import of the U.S. Roman 1105 811 Vermont Ave.,N.W. 5Mr. James C. Cruse Vice President for Policy Analysis Room 1203 Export Import of the U.S. 811 Vermont Ave.,N.W. 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For: Richard Levine Anti-Trust Division -21- Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 rob 1 UNCLASSIFIED CONFIDE L OFFICIAL ROUTING SLIP TO NAME AND ADDRESS DATE INITIALS 1 SA /ER 2 4F-32 a PPGIR&D 4 Rnnm 7G-07 5 6 ACTION DIRECT REPLY PREPARE REPLY APPROVAL DISPATCH RECOMMENDATION COMMENT FILE RETURN CONCURRENCE INFORMATION SIGNATURE Remarks: ER I0D 77-023, 16 Novemberl977: Please indicate the items releasable l CAAM-.6 . Prti,v4s 0 U~dr D; 1 ~Y.e? 11' 1 ? ~7RGT ... P, _..14V note) FOLD HERE TO RETURN TO SENDER FROM: NAME, ADDRESS AND PHONE NO. DATE A UNCLA O 0001-0 FORM NO. 237 Use previous editions 1-67 Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 ER IOD 77-023 -- 16 November 1977 Overview ............................ 1 Title changed to "Prospects for Oil Price Increase" also delete "Note" at bottom of page. Economic Impact and Consequences of Another OPEC Price Rise ........................... 3 NO DELETIONS Appendix A; B; and C also released Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 p$ O ~e 4r : I .~` G Si.'~ tL / art rC ?,w~f ..~. ... . i- w.ww l.w f...Al ~ir~....cwiw.~.w~ :yew ww..www r.Si wlw. w 8 t0, x x' AGE L1ti: TOG DUif+G SNOICATOR PATE-TME GROUP t Vt 162127Z INFO: FILE SUBSTANCE FROM OVERVIEW RPO11 OER'S INTERNATIONAL ENERGY D12~1T'r~~. MESSAGE REfERENGE NUMBER 127542! INDEx DISSEM BY7 (,J RETURN TO PER NOVEMBER.197?. IS APPROVED FOR PASSING AT CONFIDENTIAL LEVEL UNDER THE TITLE OF OIL PRICE INCREASE." E2, IMPDET 25X1A CH/D/ ORIG NFAC/OER/MMUE COORD: ALJTH: NFAC/D.S_A-/D/OER rX'1 tP 0045.7A001100010001 burrieNrSuT,NC ocFtCER CLI BY: PROSPECTS FOR 25X1A SENDER WILL SI V C DENTIAL SECRET OFFICIAL ROUTING SLIP TO NAME AND ADDRESS DATE INITIALS 1 CH, I/IE I oL 2 CH, D/I 1lJ)lp !mil S SA/ER 4 PPG/R&D, JOYCE 5 6 ACTION DIRECT REPLY PREPARE REPLY APPROVAL DISPATCH RECOMMENDATION COMMENT FILE RETURN CONCURRENCE INFORMATION SIGNATURE Remarks : 3. TO 2 & 1. PLEASE REVIEW AND MARK DELETIONS REQUIRED IN IOD OVERVIEW 77-023, IL NOVE ER'77 FOR RELEASE NOFORN & POLICY SENSITIVITIES FOLD HERE TO RETURN TO SENDER FROM: NAME. ADDRESS AND PHONE NO. DATE 0/SA/ER, 4 F 42, HQ. R ao 0 pro e q-JERN NJ, Pip 0 I FORM p R ET A NO. 237 Use previous editions 1-67 Approved For Release 2001/04/11 : CIA-RDP79B00457AO01100010001-0 SECRET NOFORN INTERNATIONAL ENERGY BIWEEKLY REVIEW V t the moment, agreement on an increase of 5 to 10 percent in the price of Sau f'benchmark crude seems probable as cartel members prepare for their December meeting in Caracas. Whatever the outcome at Caracas, the next OPEC price rise will occur in the midst of an already troubled economic environmen Almost without exception the economic outlook for developed countries is poor-real growth is slowing almost across the board, unemployment is high and creeping still higher, and inflation remains stuck at double the long-term rate. Each of these problems will be aggravated by higher oil prices. In the event of a 10-percent oil price rise, the loss in Big Seven real GNP will approximate half a percent while nearly a full percentage point will be added to the rate of inflation. The damage to growth could be substantially worse if oil-related losses in real income and price stability spark a strong negative reaction from consumers and investors. Smaller industrial countries will be hit harder than the Big Seven by the oil price rise on several counts. For one thing, the direct loss in GNP will be larger since the smaller countries spend a.higher proportion of their income on imported oil. In several cases notably Turkey, severe payments problems and inability to finance higher oil imrt costs will necessitate still larger reductions in real GNP, perhaps as much as 2 percent in some instances. For non-OPEC LDCs, the chief impact of higher oil prices will be a more than $2 billion worsening in their current account deficit. In these circumstances, developing countries would need offsetting increases in foreign exchange drawdowns or added foreign borrowing to maintain imports and avoid losses in consumption and growth. "fur analysis does not attempt to assess the impact of the next OPEC price rise on longer term problems, particularly the issue of future oil supply shortages. Given the lead times involved in developing new supplies, the main adjustments will have to be made on the demand side through higher real prices and in turn slower economic growth, as well as stricter government-mandated conservation measures. At this point, it is impossible to assess how much of an impact toward closing the potential energy supply gap a 10-percent nominal price increase will have. _.__ i Despite the potential adverse effects of an oil price rise, foreign governments are not inclined to appeal to OPEC for restraint. The developed countries-large and Note: Comments and queries regarding this publication are welcome. They may be 71 directed to of the Office of Economic Research, telephone 351-5804. Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 small-are convinced that only the United States can put effective pressure on OPEC. While many would join in a move to try to hold oil prices down, they believe it would be merely a pro forma exercise. Others, which want to preserve what they believe are special relationships with OPEC countries, would try, to avoid any involvement. The non-OPEC LDCs may argue against an oil price hike but would do it privately and on their own. Association wit .4he developed countries on this issue would be politically unthinkable. (Confidential) I Approved For Release 2001/04/11: CIA-RDP79B00457A001100010001-0 Approved' For Release 2001/04/11 : CIA-RDP79B00457AO01100010001-0 77 d .Z Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 .3t..,w1\w. 1 USE UV 71."I' ~'ltt t E I IrVI'I cmmol Mi;U r sa TIT rf 11 1t INTLLLIGI.-NL;t EnLl A T ION Sc)URCE SUR~JEY- ~r A rQ For Fe 2p 4q1 R p7 7 In 1 Rating forms will be completed for each finished intelligence publication prepared by DDI/Components. This is (i machine- supported stem and irlformc;tion must be gathered in a formatted fashion. Therefore, each analyst will completa he NON- SHADED parts of suction I and II of this form. Please type or print legibly. Questions should be directed to A/Comp/^&E Room 3E63 x 7871 black x 1724 red . CARD2 XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX lXXXXXXXX Internal Politics International Relations Economics Military Science & Technology Geography Biography .~_ Approved For Release) 2001 FO,?hi 3492 OBSOLETE PREVIOUS EOI TIONS SECRET h.l 0 /V. 5 52 FOR CRC, ONLY CIO PUBLICATION DATE (13-1B) USSR Eastern Europe Western Europe China Other For East Near East/N. Africa South Asia Africa Latin America AREA (25-28) 25X1 B Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001 IOU Ii~Woblvi9 ww7FA0 Vo' 0001-0 USE OF INFORMATION FROM COLLECTION PROGRAMS IN FINISHED INTELLIGENCE GENERAL INSTRUCTIONS Rating forms will be completed for each finished intelligence publication prepared by DDI/Components. This is a machine- supported system and information must be gathered in a formatted fashion. 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(13.18) TI ___ Y rTI7ILLt:11 M L:: 53 CARD TYPE 1111 111 I 1 I 11 I I I XxXXxX/XX~XXXXxx xx xxx/:xxxxX/ / /(XXA/ / /1/ /(/ XX/(XXYX/ XXXXXXXx/(Xx/1/1xxXxX/tx/1/1X xxxxx/)'' KFY IN TEL LIGF.NCF Q'J CST1 04(5)?K IQ -+- ,--- (ST KIQ At ' 2ND KIQ 0 18 1 19 1 20 CL ASSI FICATION: TOPICAL CATEGORY Internal Politics International Relations Economics Military Science 8. Technology Geography Biography CONTROL NO. (21.22) 03 OSA C6 OCR 08 OW'I 30 OIA 1(1 DIA 6n 5.1 4T L JOINI OFFICE (,u_p 1 i 11-) 1 5 TM 53 CI A 12 IE _- 32 NID 60 SU N VI YOR 07 I N 08 R GEOGRAPHIC AREA CATEGORY ussR LI Eastern Europe Western Europe China Other For East Near East N. Africa South Asia Africa Latin America TO BE COMPLETED BY R & E TOPIC (23-24) AREA (25.28) Approved For Release 2001/b4/11 : CIA-RDP79B00457AO01100010001-0 25X1 B Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 1ZEMSse - - L USE OF INFORMATION FROM COLLECTION PROGRAMS IN FINISHED INTELLIGENCE GENERAL INSTRUCTIONS Rating forms will be completed for each finished intelligence publication prepared by DDI/Components. This is a machine- supported system and information must be gathered in a formatted fashion. Therefore, each analyst will complete the NON- SHADED parts of section I and II of this form. Please type or print legibly. Questions should be directed to A/Comp/R&E Room 3E63 x 7871 (black) x 1724 (red). SECTION I NAME AND T p L) 2 5 S X11A XXXyy XXXXXXAXX yyyyyyyXXX CARD I XX XXXXX X CARD SURVEY NO. DATE PUBLISHED PUBLICATION NUMBER FOR CRG ONLY TYPE CIIS PUBLICATION DATE (1-2) (3.6) (D?12) (19.23) (13.16) MO V R- - - - ~ - -MO DAY VR 1 ' 1 ~~_ E I v 0 -I 1- v - t PUBLICATION TITLE (24.60) 24 . \ J J' 1 62 J it V / ? -- - 63 - - - - CARD2 yyyyyy yyy yyyyyy y~/ A AA/1AAA/ /1AAAAAAAA yyy~/yy yy y yyy~/yyyyy~ryyyyyy yyyy~/~ryy~/~r Ay~/~/~ryy AAxxxx /1A/1/1A yyyyy AA/1/~A/1x/1AAAy A/IAAAA/1A/~/1/1A/1AA/~A/1A AAA AA/1 /IAA AA AAAA AA AAAA CARD OFFICE (0-10) TYPE SURVEY NO. x 02 OER 04 OGCR 07 OSI 27 CRG (1-2) (3.61 03 OSR 06 OCR 08 OWI 20 ORPA 2 30 OIA 40 DIA 60 STATE 59 NSA JOINT OFFICE (peclfy): (" I KEY INTELLI GENCE QUEaTIoN(e)-RIO DOCUMENT TYPE (15-16) l l2 i4 04 IM 1 IH 7 I T I ST q BOe Ga P 14 BR 1 IOD 17 6 9 20 CLASSIFICATION: CLASSIFICATION CONTROLS: TOPICAL CATEGORY GEOGRAPHIC AREA CATEGORY Internal Politics USSR International Relations Eastern Europe Economics Western Europe Military Chino Science & Technology Other For East Geography Near East/N. Africa Biography South Asia Africa Latin America LIST SPECIFIC COUNTRIES: TO BE COMPLETED BY R & E CONTROL NO. TOPIC s AREA 121.221 (23.24) 125-281 441.L04L1'L:-CIA RDP79BO0457A00110001_ 001-0_ 25X1 B Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0 Approved For Release 2001/04/11: CIA-RDP79B00457AO01100010001-0