STATEMENT BY TREASURY UNDER SECRETARY SIMON

• Document Type: CREST
• Collection: Library of Congress
• Document Number (FOIA) /ESDN (CREST): LOC-HAK-185-6-39-8
• Release Decision: RIFLIM
• Original Classification: K
• Document Page Count: 2
• Document Creation Date: January 11, 2017
• Document Release Date: August 2, 2010
• Sequence Number: 39
• Publication Date: October 15, 1973
• Content Type: MEMO

No Objection to Declassification in Full 2010/08/02: LOC-HAK-185-6-39-8
MEMORANDUM
NATIONAL SECURITY COUNCIL
INFORMATION
October 15, 1973
MEMORANDUM FOR:
FROM:
SUBJECT:
MAJOR GENERAL SCOWGROFT
JOHN KNUBEIf'r
Statement by Treasury Under Secretary Simon
Bill Simon today made a statement on energy conservation (Tab A).
It has been cleared by the press as a statement of "U. S. capability
to withstand an Arab boycott. " It uses data out of the NSC/Treasury study.
Since this sort of public' statement is what Henry has been trying to
avoid, I did some investigation and found that
-- Treasury claims to have cleared the statement with the
White House press office on Friday.
-- The White House press office claims to have received the
.proposed statement and refused clearance. .
If we are asked about this in new conference I recommend taking the
following line:
-- Energy conservation is being thoroughly investigated as part
of the President's overall energy program.
. - - Short term conservation has likewise been studied. as part of the
Office of Emergency Prepardness and other efforts.
-- But that we are not in any sense mobilizing against the Po
grab cutoff simply because we do not expect any to materialize.
ON-FILE NSC RELEASE
INSTRUCTIONS APPLY
cc: Les Janka
ON FILE TREASURY RELEASE INSTRUCTIONS
APPLY
No Objection to Declassification in Full 2010/08/02 : LOC-HAK-185-6-39-8
 No Objection to Declassification in Full 2010/08/02: LOC-HAK-185-6-39-8
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?-..1'~f:;:1''0rC?C.:.; P T ho L;CV rnmtizzt tc-3ay :~ciearod ~i ,vro; +ha:r:ln
that the Unt . d t3 tatc:L~ could g- of al c~) u tho~ut Arab
oils at leant for tbp tiuo bo ng, in the event of a cutoff
bocaurse of the A~~~:1 I r rao:l`c par,
The.. #i*?urca r:bo~.cd that the United ?.~ t:ee imi' ortr3 abcut 1. 1 million
barroia"a (Inv oil ci ircet #r c?:r tho Arab cCuiitrio ci. 7-his ir;
olv about c)6 pnr cent of the total dthily average UP , concuzntticr
of
UiIII-,:Z s of the P:cef3ic?cnt i Oil Policy 0c-;radttCO,
said t:hir cow 'r,, couldt rodUco ccnnt~mv:;ion b:r' ars much as three
reillicz? 1: ;rrel:3 '. clay if it is tiillina to ota: c an all-out
conriervation e for ,
A aource chase to 15irr,onsr3 office, r?hich rolcar?.od today'a ntatom=ent,.
id it t,ae int=c cd in la rt to cho;v Amer is ne that the United
bta tea is not totally (I oa.3nCton t on oil irr'porte ..'r om 'a Arab
oountrics
Even before the l.rab lr~,# chi r:ar bro);o out earlier Chia month,
Prooidont Dixon had ; arnod the Arab countrice they ehculd not
talc the U4 ,13c, need for their oil for rantado
In addition to i:a orte of oil from the Arab c oum trios tho United
&tatca aiao inaporta about 2.7 iniilicn barrole a day from the
Caribbean' and. Latin America and .. a million Larrlo.0 a day fro m
Canada.
ft t, ahe United Staten norr 5.m torte only about 6 or cent
although ~
of ita daily necdo from the i?}itddlo Za pt, {,ovornment iorescacts
nne 3r~~.C firer 1~ `CX 1J
~; "a. X-k 1 fife. to lell(UD t" . UEL UL av.l..t v.a ?..a.u v.,..,.v .. a??..r a. ?? ..
d.ocad:eg and today's statement from "Urs-on'o oM.co dick not a:d:droee
that yroblcme.
The ! iat of conservatism tact ourers recommended by SI.,non has been
released -boforo, Dr,,.:crmcst on the lit fie a recor.mmendaticn
to rcc uco. home heating by three depr ees in c~intox , and reduce
air -ccn J iticnIzw by three do ;.-ees ? in the ow: rtor.
Others include rcciuclna auto steed lir;its to 50 miles an hour
axr.& rstopy.-ing uoa of hot vator for laundering.
No Objection to Declassification in Full 2010/08/02 : LOC-HAK-185-6-39-8