ABSTRACT

In March 1973 Mr. Levy addressed the Europe-America Conference in Amsterdam. In his text he reiterated the common dependence of the Atlantic community on imported oil to meet much of its energy requirements. The inclusion of Japanese energy interests in a Europe-America meeting set a precedent which became of increasing importance as the global consequences of the oil revaluation became apparent. The formulation of a realistic energy policy for the oil-importing countries cannot be limited to the Atlantic nations but must include Japan. In the immediate postwar period, the international oil companies effectively supplied the bulk of the ever-increasing energy requirements of the free world. The major goal of an energy policy for a new Atlantic-Japanese partnership must be to try to cope with the common problems of the security of oil supplies and the financial issues related to it.