That is a matter that we certainly have under consideration in deciding our attitude to these documents and proposals.
The next paper is COM(74)1964, "Measures to be Taken in the Event of Supply Difficulties". The Commission proposes in an oil crisis emergency demand restraint covering all energy forms and Commission surveillance of intra-Community oil movements by means of an automatic licensing system. There is provision for the suspension of licences in the event of a severe crisis if the Commission finds that the oil supply of a member State is seriously endangered.
As we have indicated, there are defects in these proposals as they stand, and we have firmly reserved our position.
If the proposals come up at the Council meeting on Thursday 13th February, my noble Friend will make it clear that we are still not persuaded of the need for them, but that in any event we shall wish to ensure their compatibility with the International Energy Agency scheme.