United States Vice President Gerald Ford told a convention of chemists in Washington on Tuesday (January 8) that the Arab refusal to sell oil to the United States could easily result in some people of the world going hungry.
GV Ford standing at rostrum
SV Ford speaking (SOUND)
Part of Mr. Ford's speech appears on film. A transcript follows:
"North Africa and the Middle East have some of the greatest food deficits in the entire world. The United States is the world's most efficient producer of soya beans, wheat and other grain. So we and other nations help to feed the people of that area of the globe. On the other hand our country, Europe, Japan and other nations have need of the oil produced in the Middle East and North Africa to operate our expanding industrial economy. We have been steady customers for that oil, with out requirements growing and growing every year. Our economies are structured on the uninterrupted flow of this oil. We all depend on it in the same way that region depends on us for some of its critical needs. So the process involves a circular flow that requires the co-operation of all things to keep things moving, but it can be easily halted. Close an oil value in the Middle East and you threaten to shut down a farm tractor in our Middle West. Halt that tractor and some people in the world will hunger for bread. Now I don't expect that to happen in either case. As a matter of fact it would be disastrous for all of us in all nations of the world."
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Script is copyright Reuters Limited. All rights reserved
Background: United States Vice President Gerald Ford told a convention of chemists in Washington on Tuesday (January 8) that the Arab refusal to sell oil to the United States could easily result in some people of the world going hungry.
Mr. Ford's speech was in line with President Nixon's call for international co-operation to solve the world-wide fuel shortage.