ENERGY: A Move Toward Sharing

A promising development on the energy front:

Last week the Energy Coordinating Group, whose members include the U.S., Canada, Japan and nine Western European oil-importing nations, announced a major stride toward a unified, help-thy-friend energy policy. Meeting in Brussels under the chairmanship of Belgian Diplomat Vicomte Etienne Davignon, 41, a leading Common Market policymaker, the ECG accepted in principle a U.S.-sponsored proposal for sharing and conserving oil supplies during future energy emergencies.

If oil imports in any member country drop below a still-to-be determined threshold, either as the result of a selective boycott...

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