12 Friday, September 15, 1978
THE DETROIT JEWISH NEWS
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Kissinger Blamed for Halting
Attempts to Break Oil Cartel
.
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WASHINGTON
Former Federal Reserve
Board Chairman Arthur F.
Burns says he tried to con-
vince the Nixon and Ford
administrations to break
the OPEC price cartel but
that Henry Kissinger
blocked his efforts.
"You can exert economic
pressure by restricting cer-
tain exports that are essen-
tial to the economies of
those countries," Burns said
in a recent interview with
Business Week. "I felt at the
end of 1973 that we ought to
move rapidly in that direc-
tion and likewise exert
political pressure.
"I felt then that by hold-
ing up certain exports of
machinery, planes and mili-
tary .equipment something
significant could be
achieved," Burns added. "I
later recommended to
President Ford right after
the 1976 election that he
send Vice President Roc-
kefeller and that he try to
get Mr. Carter to permit Mr.
Mondale to join Rockefeller
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Koch Signs Law
Against Boycott
Better an insincere peace
than a sincere quarrel.
— The Lubliner Rabbi
NEW YORK (JTA) —
Mayor Edward Koch signed
into law last week a law
which, in effect, prohibits
New York City from busi-
ness dealings with com-
panies that participate in
the Arab boycott.
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?‘"""-
ARTHUR BURNS
to carry on some realistic
economic_ nd political con-
versations with the OPEC
countries . . . President
Ford took that seriously.
But Kissinger talked him
out of it."
Burns said he was
"very critical" of the
Ford Administration on
the ground that it didn't
do enough to bring down
oil prices. "The Carter
Administration may de-
serve criticism as well,"
he noted, "but I'm not
ready to offer it because
I'm less well informed
about political factors
than I was during the
Ford days." Burns' com-
ments marked his first
public criticism of any of
the three administrations
he worked in.
"What we have been
doing since (1973) is when
OPEC raises its prices by
only five percent we con-
gratulate them and get
down on our knees and
thank them for being so
considerate," he said.
After the publication of
the Burns interview,„ a
spokesman for Kissinger
said the former secretary of
state had no knowledge of
efforts by Burns to break
OPEC's prices; the spokes-
man also said Kissinger had-
no recollection of an at-
tempt by Burns to get the
Ford Administration to
work with Carter on initiat-
ing talks with OPEC.
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Israelis Arrest
Terrorist, Partner
JERUSALEM (JTA) —
An Arab terrorist and his
collaborator were arrested
after the terrorist was in-
jured when the bomb he was
preparing to place in the
Old City. exploded prema-
turely. The collaborator was
picked up by police after the
suspect was interrogated.
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