Gerald Ford

“ A minor problem is participation with Saudi Arabia. 60/40 and what they pay for participation. It should be at 93% of the posted price -- $10 something. Some countries want to do away with the posted price. We get $7 for our particular oil and Saudi Arabia and others get $10.
Kissinger: The basic point is that these prices are complicated. The Shah's view is he gets 15% less on buy-back oil than the Saudis. Iran is tied to the price of oil, but Saudi Arabia can maneuver around and vary the participation. ”

“ I will also be in Southern California where I am going to present a check for $1 million.
Kissinger: The Shah has always been our best friend. Last fall several countries permitted Soviet overflights. ”