"...FRENCH WEEKLY L'EXPRESS DIFFERS FROM INTERVIEWS REPORTED
REFTEL IN ITS COMMENTS ON POSSIBLE USE OF PETROLEUM AS WEAPON
IN ARAB-ISRAEL DISPUTE. ACCORDING TO HEIKAL, TALK ABOUT USING
PETROLEUM RESOURCES HAS REMAINED WAR OF WORDS, BUT ONE DAY OIL
WILL BE REAL WEAPON. HEIKAL STATES THAT ARAB SUMMIT WILL SOON
BE CALLED TO DISCUSS OIL ISSUE. TWO NEW ELEMENTS HAVE ENTERED
PICTURE, HE SAYS, DEMAND FOR PETROLEUM NOW SUPERIOR TO PRODUCTION
AND PAYMENT FOR OIL BEING MADE NOT IN DOLLARS CONVERTIBLE INTO GOLD
BUT IN DEVALUED PAPER. HEIKAL QUOTES KING FEISAL AS HAVING
OBSERVED THAT PETROLEUM KEPT UNDERGROUND IS MORE PRECIOUS THAN
DEPOSITS IN CHASE MANHATTAN BANK. QUESTION, HEIKAL ASKS, IS
HOW TO USE NEW WEAPON AS INTELLIGENTLY AS POSSIBLE...."
Source: https://www.wikileaks.org/plusd/cables/1973PARIS21327_b.html
[Mrt: Hat tip to Jeff]
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