Is there or is there not an oil crisis? If King Faisal carries through on his threat to
deny us oil (as he would in a few months' time), can we make up the difference from other sources? Mr. Adelman believes we can and argues that the worst thing we could do would be to panic in the face of Faisal's threat. Mr. Ritchie argues that at least at present--owing partly to economic factors, partly to environmentalist pressure, and partly to a lack of "confidence that there will be crude oil to produce"--we are dangerously short on production and refinement facilities. A lucid discussion that helps clarify the issues for the layman--although we may find disquieting the degree to which the experts disagree--on, e.g., the amount of gas or oil or uranium left in the earth: MA: "Jock, I really cannot remain silent. That's a figure that none of my colleagues in the Department of Nuclear Engineering can take seriously and really nobody else should."
- Hoover ID: Program S0108
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- Hoover ID: 80040.350
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