Wednesday, May 6, 2020
Venezuela Essay Research Paper Venezuela 19601999 Introduction free essay sample
Venezuela Essay, Research Paper Venezuela 1960-1999 Introduction Since the constitution of a democracy in 1961, Venezuela has dramatically increased its # 8217 ; function in the international community over the last four decennaries and has come away as a regional leader for the Latin American and the Caribbean parts. Venezuela forms one of the most built-in parts of Latin America. While its # 8217 ; being a leader of Latin America as a whole can non be overlooked, its # 8217 ; even greater function as portion of the Caribbean can non be ignored. This paper will analyze the International and Regional Foreign Policy of Venezuela during the last four decennaries, in the context of international, regional and domestic events. The concluding analysis will analyze the fortunes taking up to and the election of President Hugo Chavez every bit good as the present way of Venezuela in the international and regional context. I. Venezuela: A Panorama of the 60 # 8217 ; s through the 80 # 8217 ; s A. International Political System of the 1960-1980 The Soviet Union ( SU ) and the United States ( US ) emerged from World War II as the two universe powers. The US promoted democracy and capitalist economy while the Soviet Union promoted Communism and Marxism. These two powers at utmost opposite terminals of the political ideological spectrum, formed as the leaders of the Cold War. This was a war of dualism by manner of organizing confederations and distributing their political orientation with terminals to destruct the being of the other. The 1950ss set the phase for what would be an even more disruptive decennary ; the 1960ss. The autumn of China to communism was a elephantine blow to the US and its # 8217 ; democratic ideals. The US formed a policy harmonizing to the # 8216 ; Domino Theory # 8217 ; of the spread of communism that would be implemented throughout the Cold War. The Domino Theory stated that communism would be spread from one province to neighbour provinces, infecti ng parts throughout the universe. To counter and halt the spread of communism the US adopted the policy of: 1 ) back uping bing weak democracies or democracies threatened by communist governments 2 ) back uping bing anti-Communist dictators or military governments 3 ) straight implementing or indirectly fostering democratic governments and anti-Communist motions in Communist or procommunist states. The fist blunt illustration of this policy was implemented during the Korean War. The US sent military personnels to assist South Korea in their civil war against the Communist North Korea. Later, under the same protections, the US intervened in many other states, notably Vietnam, Guatemala, Dominican Republic, Grenada, Panama and Kuwait. The Soviet policy was aimed at the spread and brotherhood of the Communist/Socialist motions throughout the universe. The SU aided these motions vis- ? -vis money weaponries and in some instances invasion ( Czechoslovakia 1968 ) to back up Communist/Soci alist motions and authoritiess in all parts of the universe from greater extents in North Korea and Vietnam to little Communist/Socialist motions in the US and other democratic states. After WWII Soviet military forces neer retreated from, what would subsequently be termed, the Iron Curtain states. The SU installed the Iron Curtain over states such as East Germany, Poland, Austria and Hungry, to call a few. Free European states and the US formed and signed the North Atlantic Treaty Organization. This battalion would be critical throughout the Cold War and would supply strength and reassurance to European states against the menace of Soviet expansionism. The 1950ss besides began an intensified race to go more technologically advanced. The SU successfully launched the first orbiter and adult male into infinite. These Soviet achievements sent fright into the US citizens. Domination of one province over the another in any one country, such as the infinite plan, was considered a mark of lower status. The US launched a profound run to # 8216 ; catch up # 8217 ; to the Soviet engineering. The US invested 1000000s of dollars in scientific discipline instruction for schools and poured money into the NASA plan. This was an utmost addition to the already rapid Weaponries Race that played a big function throughout the Cold War. During the 80 # 8217 ; s the SALT II and I was signed by the US and the SU to decelerate the Arms Race. Even so, engineering would play en even bigger portion of the well being of economic systems in the decennaries to come. The pinnacle of the Cold War erupted in the 1962 Cuban Missile Crises. In 1961 Castro officially announced that his government was Marxist/Leninist and began to aline Cuba with its ideological spouse, the SU. One twelvemonth subsequently, the US blocked Soviet ships armed with atomic missiles destined for Cuba. The Cuban Missile Crisis is considered the closest to war reached by the two states. The SU yielded to the US deman ds and sent their ships with atomic missiles back to the SU. Although the state of affairs was diffused for the minute, Castro would go on to antagonise the US throughout the undermentioned decennaries. During the 1960ss and 1970ss, following the Domino Theory, the US entered the Vietnam War. The US began directing military advisers to assist the South Vietnamese against the Northern Communist Vietcong. The execution of military advisers rapidly turned into 1000s of military personnels. The US finally withdrew all US forces from Vietnam and the Vietcong won the part. The 1970ss saw the terminal to the Vietnam War every bit good as a appeasement in the tensenesss between the US and SU. The US President Carter and his disposal brought away to the head of US foreign policy issues such as Human Rights and the Environment. These issues hadn # 8217 ; t antecedently been perceived as of import, but would play an even greater in political relations in the old ages to follow. The 1880ss had their ain struggles. The US President Reagan put the Carter issues on the back burner with invasions in Grenada and intercession in Nicaragua. Reagan was more focussed on covering with the SU and an terminal to the Arms Race. The SU and US signed SALT I and II every bit good as the Non-Proliferation Treaty ( CTBT ) . These pacts were a spot offset by the STAR WARS plan set Forth by the Reagan disposal. In 1989, the Berlin Wall fell and in the first half of the 1890ss the SU and Communism fell with it. Its # 8217 ; fall brought forth the American theoretical account of Democracy and Capitalism every bit good as American neo-liberalism. The 1890ss will be seen as the decennary of neo-liberalism. B. The Regional Politicss: Latin America and the Caribbean of the 1960-1980 The regional political relations will be understood best by acknowledging the states that defined the ambiance and dealingss of the two parts through the context of the Cold War. The US, Mexico, Argentina, Cuba, Braz il and Venezuela are the states that will be considered the states that autonomously lead and affected the parts. All other states will be considered states that had a lesser affect to the part but will be noted in every bit much as they played a important function to historic events in the part. United States and Cuba Latin America and the Caribbean are two of the parts that were most affected by the Cold War. Both of the parts have a close propinquity to the ruling hegemony of the part, the US, and therefore played an of import strategic function for the US and the viing SU. # 8220 ; It is strategically of import in four ways: 1 ) As a possible base from which a hostile power might establish military operations against the US # 8230 ; 2 ) As a beginning of strategic natural stuffs. Virtually all # 8230 ; bauxite, critical to airplane industry, comes from the Caribbean # 8230 ; [ and ] a one-fourth of [ US ] oil imports and one fifth of # 8230 ; Fe ore # 8230 ; black lead, S, Ba, fluorite and zinc # 8230 ; 3 ) As the location of American districts and military installings. 4 ) As a major seaborne logistic path, # 8221 ; that includes the critical control of the Panama Canal. For these grounds the US has played a elephantine function in the internal political relations of Latin America and the Caribbean. Furthermore, the US increased its # 8217 ; function in the Latin American and Caribbean part during the Cold War. The US has longed viewed the parts as dominated by unstable political systems that could be easy influenced and taken over by Communism which could rapidly distribute throughout the part. Unstable authoritiess that could go Communist and house Soviet atomic arms in the American hemisphere prompted the US to fasten its # 8217 ; kick on the parts battling Socialist/Communist motions. The Cuban Case best exemplifies US frights of what could go on in Latin America and the Caribbean without careful control. In 1958, the US made it clear that i t would no longer back up the Batista totalitarian government during the Cuban Revolution by seting a trade trade stoppage on weaponries exports to Cuba. In January 1, 1959 Batista fled the state and Castro moved into Havana. In 1961 the relationship with Cuba and Castro changed everlastingly when he announced he was Marxist/Leninist. The US cut off all formal dealingss with Cuba and supported the ill-famed # 8220 ; Bay of Pigs # 8221 ; invasion by Cuban refugees that failed miserably. In 1962, the US began enterprises to barricade Cuban dealingss with other American during the 8th OAS conference in Uruguay. In the resulting old ages, many American provinces would take the lead of the US and break dealingss with Cuba. After the loss of Cuba, the US was less tolerant of revolutions and broad minded political governments in the part. In 1965, military officers of the Dominican Republic overthrew the authorities. In April 1965 the US sent 1000s of military personnels in to set down t he leftovers of the # 8220 ; Communist and castroite # 8221 ; Trujillo military government. The beginning of the 1960ss besides marked a alteration in US policy towards the two parts. In 1961, the Kennedy disposal announced the Alliance for Progress to back up and beef up capitalist ventures and development in the parts. The Alliance for Progress passed the US Congress and was granted $ 500 million. The bulk of the $ 500 million was appropriated to the Social Progress Trust Fund of the Inter-American Development Bank, specifically set aside for soft-loan undertakings that would non usually acquire funded by that bank or the World Bank. Such undertakings included ; agricultural reform, just pay and public assistance benefits for urban labour, commissariats of lodging and wellness and sanitation steps, decrease in literacy, revenue enhancement reform and monetary value stabilisation. This was to supply a manner out for many of the poorest of the Latin American and Caribbean states. # 8220 ; The basic end of the Alliance for Progress was an one-year addition of 2.5 % of the combined gross national merchandise of the take parting Latin American states, a end difficult to accomplish because of the high population growing rate of several countries. # 8221 ; Regardless, the capital from the Alliance for Progress was used for development, and endeavor that wouldn # 8217 ; Ts have otherwise existed due to Latin American rising prices and fiscal instability. While the Alliance for Progress tried to replace the American image after the Bay of Pigs, the loans were non every bit effectual as predicted. After the Bay of Pigs and the Cuba Missile Crisis, Cuba took it # 8217 ; s ain path back uping it # 8217 ; s Marxist Revolutions throughout the part and in Africa. The Cubans attempted to assist Marxist motions in Venezuela and Bolivia. Guevara and the Marxist Cuban Revolution stopped in Bolivia where Guevara was assassinated in 1967. Every decennary after the 60 # 8 217 ; s, Cuba has played less and less of a function in international and regional political relations albeit from some minor brushs instigated by Castro. Cuba and Castro have been progressively attacked for Human Rights misdemeanors. Argentina During the 50 # 8217 ; s, Argentina under General Peron had taken the # 8220 ; Third Position # 8221 ; , that being an intermediary place between the US and the SU. Peron renewed dealingss with the SU after decennaries of silence. # 8220 ; However, as a manner of procuring a supply of weaponries from the US, Peron indicated in August, 1946, that in the event of existent war between the US and the SU, Argentina would be on the side of the US. # 8221 ; Then under President Frondizi, Argentina made a move to aline itself with Brazil and other South American states in a treaty that would do South America a strategic confederation apart from the Cold War states. This move would travel no farther though because Frondizi would be overthrown by a military putsch and Brazilian President Quadros resigned from office in 1961. Frondizi besides made an effort to go a go-between between dealingss with Cuba and the US. He met in secret with Che Guevara and US diplomat Richard Goodwin in 1961. But the negotiations went no farther as the places of either state were nonnegotiable. When the military overthrew the authorities in 1966, it took an highly anticommunist stance that would prefer the US. Brazil Brazilian dealingss changed after the 1960 election of President Quadros. He made trips to Cuba, Yugoslavia and sent his vice-president to the SU and China showing that close ties to the US would be reevaluated. He began closer dealingss with Asia, Africa and the SU. Beyond that, he stopped the Brazilian military preparation in the US. This was an utmost displacement from the close dealingss that the US had enjoyed antecedently. Quadros resigned in 1961 and was replaced by President Joao Goulart. Goulart furthered dealingss when in 1 963 Brazil entered into a five-year trade understanding with the SU. After the Cuba Missile Crisis, the Goulart disposal voted against the OAS encirclement of Cuba. Like Frondizi in Argentina, Goulart was taken out of office by a military putsch in 1964. The Brazilian Military Coup returned toward a closer relationship with the US than with the SU. This military putsch kept reasonably close dealingss with the US until its # 8217 ; autumn in 1985. Mexico Since the 1800 # 8217 ; s, Mexico has taken a rigorous noninterventionist stance to foreign dealingss because of the US military intercessions in Mexico. Although this stance has neer been compromised in Mexican foreign policy, it has lead to some ambiguities. For illustration in 1962, Mexico chastised Castro for being Marxist/Leninist and held to her ain jurisprudence of private belongings. While at the same clip subscribing an OAS declaration declaring Marxism as being incompatible with OAS ideals, she abstained on the ballot to except Cuba from the OAS. Mexico was one of the lone American provinces to keep good dealingss with Cuba throughout the Cold War. Although Mexico neer supported the US straight because of the many intercessions in the part, Mexico neer strayed really far from the US ideologically. It has ever remained a democracy with capitalist markets. In the 1970ss and 1880ss, Mexico began a ferocious race to catch up the industrialised universe. The Mexican authorities borrowed 1000000s of dollars to make oil and excavation industries. During the 1880ss Mexico went a long manner in industrialisation. Many bookmans and economic experts were naming it the # 8220 ; Mexican Miracle # 8221 ; . The Miracle would be stopped short tungsten ith the Pesosââ¬â¢ fall in value that forced many industries and the government to refinance the debt and halt the once fast pace of industrialization. C. Venezuela 1960-1980: The Coming of a Regional Power Since the birth of itsââ¬â¢ constitution and democracy in 1961, Venezuela quickly rose to be one of the most influential of all the Latin American and Caribbean countries in regional and international politics. Due to large oil reserves, the Venezuelan economy flourished and brought Venezuela forth as the rich democratic leader of the third world. Venezuela also achieved an established democracy that lasted for more than thirty years. None of the political scientists of the era predicted that Venezuela would be one of the first Latin American countries to become democratic because of itsââ¬â¢ long history of military dictators. This all changed December 15, 1957 after the false elections of the military dictator Marcos Perez Jimenez which stated that he won by an incred ible 85% . In January 1, 1958, there was a military insurrection led by the junior military officers of the airforce as well as a civilian revolt named the Patriotic Junta. The airforce dropped bombs on the capital. The insurrection was not very well planned or coordinated, but the bombs were enough to scare Perez and his cronies to flee the country with about $250 million of the Venezuelan treasury. All the political parties of the Patriotic Junta could not agree on a political candidate for the upcoming new elections in December of the same year. So in October 31, 1958 the leaders of Accion Democatica, Romulo Betancourt; Copei, Rafael Caldera, and Union Republicana Democratica, Jovito Villalba came together to draw up the Pact of Punto Fijo. Also underwritten were the Fedecamaras, Confederacion de Trabajadores de Venezuela, the Catholic Church and the Fuerzas Armadas. Punto Fijo guaranteed the political stability of the government by compromising between all the countriesââ¬â¢ major powers. The biggest points of the pact are ââ¬Å"1) Defensa de la constitucionalidad y derecho a gobernar conforme al resultado electoral. 2) Gobierno de Unidad Nacional, dando participacion en el poder a la oposicion. 3) Programa minimo comun, lo que permitiria garantizar la cooperacion partidista durante el proceso electoralâ⬠. This pact allowed for fair elections among all the parties. In December 1958, Romulo Betancourt won the presidential elections with 49% of the vote and also won the majority of seats in both congressional houses . Betancourt realized that he would have to consolidate power and form a coalition of the nationsââ¬â¢ most powerful entities to form and establish a sturdy democracy that would last. Most importantly, Betancourt announced that there would be no prosecution of crimes during the dictatorship as well as increased military salaries and housing along with weekly trips he made to visit the military barracks . This formed a coalition with t he military forces that had always played a large role in the destruction of ruling governments. Although Betancourt made many other alliances he refused to include the extreme left. This was of growing concern as Cuba had just won itsââ¬â¢ revolution against Batista in 1959. Many Communist student movements formed with the Venezuelan Communist Party (PCV) which later merged with the Fuerzas Armadas de Liberacion Nacional (FALN), both of which were outlawed, that participated in guerrilla warfare in the jungles of Venezuela as well as bombing oil lines and the US embassy . The FALN was supported not only morally by Castro, but also with arms. Three tons of arms were found abandoned on a Venezuelan beach with clear ties to Cuba in 1963. Castro was not the only one that wanted Betancourt out of office and the Communists in. Rafeal Leonidas Trujillo Molina, the dictator of the Dominican Republic was responsible for the June 1960 car bombing that killed a military aid and severely bu rned Betancourt . These events influenced the Betancourt Doctrine, which stated that Venezuela would not recognize any regime that came to power by way of military intervention . Then Venezuela voted to expel Cuba from OAS membership and later broke diplomatic relations with Cuba in 1961 . In 1961 after encountering an empty treasury, Betancourt called out to the US for a $300 million dollar loan to combat Castro and the Communist insurgency groups. The US sent $450.6 million dollars between 1962 and 1965 . The US could not afford to let go of a country that supplied so much oil by way of US companies, not to mention that it has been considered the ââ¬Å"keystoneâ⬠country to the Caribbean region. The US had many fears because Cuba had easy access to Venezuelaââ¬â¢s neighbor, Guyana, which was already the second most communist country behind Cuba. Guyana sent more students to study in the SU only behind Cuba and in later years Castro would send troops to Angola via Guyana . Two of the most important actions that highlighted the Betacourt administration are 1) the elections of 1963 that secured a real functioning democracy 2) the creation of Organization of Petroleum Exporting Countries (OPEC) by his minister of energy, Juan Pablo Perez Alonzo in 1960 . Although it did not have much power during itsââ¬â¢ beginning years, it would be seen as a powerful organization in the years to follow. AD candidate Raul Leoni was elected in 1963 and took office in 1964. Leoni didnââ¬â¢t make any radical changes and followed suit with Betacourtsââ¬â¢ reforms. He did still have to face the influence of Castro. The PCV became so out of control that Leoni was forced to search the Universities of Caracas for members that had broken the law. Things came to a head when the military encountered ââ¬Å"a small landing party headed by a Cuban army officerâ⬠¦ Machurucuto in the state of Miranda.â⬠The situation calmed down and Leoni passed some good agrarian r eform laws. The economy under Leoni also proved to be one of the more healthy ones averaging a healthy 5.5% annually . Largely, the Leoni administration was a carry over from the Betacourt reforms. Venezuela demonstrated yet again that it was devoted to democracy in the 1968 elections. The AD was split over candidates, which led to the election of COPEI candidate Rafael Caldera . Venezuela passed the test forming an even stronger democracy when the AD passed over the presidential sash to the opposing party, the COPEI. Caldera filled the government with strictly COPEI members and did not make any effort at coalitions. Caldera began by reversing many of the reforms already put forth in the previous AD administrations. Caldera reinstated the PCV as a legal political party and then claimed that it lowered the guerrilla violence. Yet the opposition maintained that it was due to the reevaluation of diplomacy by Cuba and the SU as a result of the death of Che Guevara in 1967 and the Soviet invasion of Czechoslavakia in 1968. Moreover, Caldera rejected the Betacourt Doctrine as too restrictive for Venezuelan interests. Caldera also maintained that the Doctrine was just foreign policy that promoted US wellbeing. In effect, Caldera stated that Venezuela would no longer be limited by such doctrines and that it would seek ââ¬Å"ideological pluralismâ⬠. Caldera then opened relations with the SU, Eastern Europe and many South American nations that had fallen under military regimes. In 1973, Caldera signed the Lima Consensus that entered Venezuela into the Andean Treaty (Ancom) . The entrance was a positive one because Venezuela was allowed to make many adjustments to the agreement so it would not hurt local businessmen forced to compete with cheap Andean goods. Venezuela also joined for fear of the Brazilian expansion in the region, which was under a military dictatorship . In as much as Caldera strengthened Venezuelasââ¬â¢ Andean identity, it put forth as much, i f not more, effort in furthering itsââ¬â¢ Caribbean identity. Caldera began to put extra capitol from petroleum into the Caribbean Development Bank. These funds derived from petroleum were used to finance loans for Central American and Caribbean countries to buy oil at cheaper prices. This practice would be expanded in later years. While the Caldera administration strayed away from and even undid, many of the two previous AD administration policies, Caldera produced a healthy economy and expanded itsââ¬â¢ relations and identity throughout the region and indeed the world. The elections of 1973 again gave the power back to Carlos Andres Perez and the AD. Perez and the AD captured 48% of the vote as well as the majority in both houses in congress and the majority of the provinces. In October 1973, the Arab-Israeli War began and quadrupled oil prices. The Venezuelan treasury was suddenly flooded with capitol and inflation began to rise raidly. Perez quickly decided to invest $6 bi llion of extra annual revenue outside the country in foreign investments by setting up the Venezuelan Investment Fund (FIV) . Some $25 million was also sent to the Caribbean Investment Bank to expand Caribbean development and other loans were made to Central American petroleum importing countries so they could buy oil during the price hike. The Perez administration began expansion on all levels in all areas. The Perez administration visited Spain, France, Great Britain, Italy, the SU, Asia, Africa, Iraq, Iran, Kuwait, Qatar, Saudi Arabia, Lebanon and Japan. They also received diplomats from all over the world. Venezuela under the Perez administration converted to a rich third world country overnight. Perez took this opportunity to expand or reach to other third world nations of the world, depending on how one looks as it. Perez began speaking more and more about third worldism and ventures to unite them together to combat the first world hegemony. Many countries in the Caribbean and Central America began following the initiative by taking loans from Venezuela as a third world leader instead of the US. To such an extent that it was weakening the functionality CARICOM. Beyond finances, Perez moved into a more diplomatic role with Panama in trying to mediate a negotiation between the Panama and the US for the Canal. Perez also reached out to reunite Cuba with the rest of the OAS, although the attempt failed, Cuba would be incorporated by closer diplomatic relations with Mexico and Venezuela. Mexican President Luis Echeverria Alvarez (1970-76) and Perez joined forces as the two spokesmen for the union of Latin America against the US. Together they formed the Latin American Economic System (SELA) with headquarters in Caracas. This was an organization that was formed to share technologies between the Latin American nations as well as develop and protect the economies of the region (23 Latin American countries promptly joined and the US was excluded) . He supported t he Sandinistas in Nicaragua against the Samoza Family. Perez even went so far as to send arms to the Sandanistas during the revolution. Although Perez exuded third world politics and third world organizations such as OPEC, it did not participate in the 1973 Oil Embargo, which weakened the strength of the organization. However, Venezuela did fall in line with the price rise before and during the Embargo, which greatly benefited Venezuela. During the Embargo, Perez increased oil shipment to the US to cover the loss of oil from the Arab nations. However, this favor was not returned when the US excluded all the members of OPEC from the ââ¬Å"1974 Trade Act, which created the Generalized System of Trade Preferences to lower tariffs on designated imports from developing nationsâ⬠. This along with the US intervention in the military coup in Chile really miffed Venezuelans. Domestically, Perez began spending millions of dollars on state run industries and increased government spendin g by 200% . Venezuela took over the iron and oil companies that were largely owned by the US. The influx of money into the domestic market due to the excess of petro-dollars led to conspicuous consumption by Venezuelans. This was largely due to Perezââ¬â¢s idea of spreading the wealth of the oil revenues with the public by imposing price controls on commodities and other basic staples. Imported cars and processed foods from the US rose to all time high levels as well as the highest level of importation of Scotch in the world . Perezsââ¬â¢ plan of industrialization in ten years funded by the oil capitol had loopholes. For instance Venezuela while it invested millions in industries, they had no way of transporting the goods without heavy industry trucks to carry the product as well as roads to support the heavy trucks. The lack of infrastructure to support the heavy industries was evident. Thousands of workers were sent abroad to learn new industry technology, but when they retu rned the industries never quite processed like their competitors abroad. The spending spree of the Perez government became so bad that they had to impose extremely high tariffs on imported goods. In 1971 Perez coordinated a conference to discuss the up coming conference of the Law of the Sea. Now that Venezuela had become rich over night because of itsââ¬â¢ oil wealth, all the Caribbean and Latin American nations became interested in oil developments off the coasts of their countries. Yet it was still unclear exactly where one draws the line of international waters and a countries private waters. Along this same line, many Caribbean and Latin American nations were competing fiercely with industrialized nations for rich fishing industry off their coasts. This was also a concern for Trinidad/Tobago with the coastline that they share with Venezuela. The conference concluded that the ââ¬Å"Caribbean Positionâ⬠was composed to be â⬠a sovereign territorial limit of twelve m iles but ââ¬Å"patrimonial waters of up to 200 miles. In the ââ¬Ëpatrimonial waters,ââ¬â¢ coastal states would have full sovereignty over natural resources in the sea and seabed, but they would have no jurisdiction over navigational rights beyond the twelve mile limit.â⬠It was of utmost importance to the developing third world Caribbean and Latin American countries because of ââ¬Å"an estimated 1,500 billion barrels of oil under the sea floor and endangered fish stock that yields about $18 billion worth of high-protein food annually, an estimated $3 trillion worth of manganese and other mineralsâ⬠¦Ã¢â¬ . The third UN Conference convened in Caracas in 1974 with some 5000 delegates. The Conference turned out to be unmanageable and an agreement was not reached. The US was against the 200 mile limit of mineral rights and was up against hard opposition because of the Oil Embargo in the previous year that sent oil prices through the roof and sent oil companies looking throughout the ocean for oil reserves. The Secretary of State Kissinger stated that the US could no longer afford to wait for an international settlement although
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