ENERGY AND FOOD A DOUBLE DILEMMA THREATENS THE THIRD WORLD - Paul O Knedel - April 1974

Paul O Knedel

Developing nations stagger under sharply higher prices for oil. Coming on the heels of serious food shortages, skyrocketing energy costs could impel the less-developed nations into the final battle to avert worldwide starvation. A secret report of the oil needs of 39 1ess-developed countries has been prepared by the World Bank. So serious are the implications of the World Bank study that its release has been withheld (for the time being) lest it spread panic among the poorer nations. A high United States official has dared publicly to sum up the crisis in the developing Third World in layman's terminology. "In the United States, it means we may have to ride the bus instead of drive," he said. "In Japan and Europe it could mean recession. In Asia, Africa and Latin America, it means disaster." - Information Supplied By: Herbert W Armstrong Library