Word: sakisaka
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Dates: during 1970-1979
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Japan is more dependent than any other country on foreign oil. How does Japan hope to safeguard her oil supply? In an article last spring, Masao Sakisaka, president of the Institute of Energy Economics in Tokyo, advocated "package deals" as an answer to Japan's oil problem...
...Sakisaka's proposal recognizes that the consuming countries cannot hope to safeguard oil supplies unless they recognize "the producing nations' historical evolution toward economic progress and social modernization." The Middle Eastern producers are now less interested in investing in foreign money markets than in developing their own economies in anticipation of the day when oil supplies are depleted or an alternative energy source developed...
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