Six years after the Arab oil embargo, OPEC was still calling the shots: it had

recently increased the basic price of oil yet again and had announced that individual members could impose surcharges; and the United States was still importing 43 per cent of the oil we used. Mr. Buckley begins by reminding Mr. Adelman that back in 1973 he had said--on Firing Line, among other places (#S108)--"that we had nothing to fear from the cartelization of oil by the OPEC powers." Mr. Adelman had come up with an ingenious-sounding plan to entice more oil out of the world market; Mr. Spriggs seriously doubts whether it would work. As we know in retrospect, there was an answer, but it wasn't Mr. Adelman's (see #S377).