485–2

Conversation No. 485-2

Date: April 21, 1971
Time: 3:14 pm - 3:51 pm
Location: Oval Office

The President met with George P. Shultz, Paul W. McCracken, Peter M. Flanigan, John C.
Whitaker, and William E. Kriegsman

[General conversation]

Economy
-Outlook
-Quarter
-Figures
-Administration's economic policy
-”Breakthrough”
-Inflation
-Future course

Energy message [Special message to Congress on Energy Resources, June 4, 1971]
-Breeder reactor

Breeder reactor
-Public relations
-President's position
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 9/08)




-Chet Holifield
-Environmentalists
-Press
-Budget
-Government reorganizations

Government reorganization
-Holifield

Breeder reactor
-Costs
-Budget
-Program
-Excitement

Energy
-Energy message
-Natural gas
-Pricing
-Oil import policy
-Natural gas
-Deregulation
-Federal Power Commission [FPC]
-FPC
-John N. Nassikas
-Pricing
-Legislation
-Harris bill
-Credit
-Fuel shortage
-Gas
-Breeder reactor
-Energy message
-Administration's possible policy
-Holifield
-Development timing
-Ten years
-Costs
-Science
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 9/08)



-Oil import policy
-Flanigan
-John G. Tower
-John B. Connally

Government reorganization
-Department of Natural Resources [DNR]
-Holifield Conv. No. 485-2 (cont.)
-Atomic Energy Commission [AEC] and DNR
-Possible administration strategy
-Breeder reactor
-Holifield

Energy
-Continental shelf
-Environmentalists
-Oil
-North Slope
-Technology
-Drilling
-Oil shale
-Shultz
-Costs
-Technology
-Oil and oil shale
-Canada
-Level of US imports
-Negotiations
-US position
-Pipeline
-Stalemate
-State Department
-Philip H. Trezise
-McCracken
-George A. Lincoln
-Pipeline
-North Slope
-Negotiations
-Trezise
-US position
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 9/08)




**********************************************************************

BEGIN WITHDRAWN ITEM NO. 1
[National Security]
[Duration: 1m 25s ]

CANADA Conv. No. 485-2 (cont.)

END WITHDRAWN ITEM NO. 1

**********************************************************************


-Great Lakes
-Costs
-Environmentalists

Earth Day participants
-John V. Lindsay
-”Flower children”
-Environmentalists

Breeder reactor
-Number
-Contractors
-Experts
-Views
-Prototype
-Building
-Time required
-Prototype
-Number
-Contractors
-General Electric [GE], Westinghouse, [North American Rockwell]
-Confidence and competition
-Expense
-Private industry
-Federal Government
-Pre-prototypes
-Uncertainties
-Contractors
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 9/08)



-North American Rockwell
-GE
-California
-Building
-Schedule
-California
-AEC
-AEC Conv. No. 485-2 (cont.)
-Possible problem
-Contractors
-GE and Westinghouse
-North American Rockwell
-Competence
-GE and North American Rockwell
-Building
-California
-Unemployment
-Engineers
-Scientists and engineers
-Possible announcement

The President's schedule
-California
-Western White House

Government reorganization
-Shultz
-Possible conversation with Holifield
-Wilbur D. Mills
-H. Allen Smith

Removal of Donald E. McLarnan
-Thomas S. Kleppe
-Smith
-Possible action
-Frank T. Bow
-McLarnan
-Henry Salvatori
-F. Donald Nixon
-Smith
-Competence
-Smith
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 9/08)



-Ronald W. Reagan
-Shultz
-Reagan's view
Energy message
-Timing
-Holifield
-Long Beach
-Timing Conv. No. 485-2 (cont.)
-Announcement
-Breeder reactor
-Santa Barbara
-Continental shelf

Energy
-Canadian negotiations
-President's possible role
-Pace
-Deadline
-Peter G. Peterson
-Council on International Economic Policy [CIEP]
-Oil imports
-US domestic producers
-Henry L. Bellmon
-Tower
-Frank N. Ikard
-American Petroleum Institute [API]


**********************************************************************

BEGIN WITHDRAWN ITEM NO. 2
[National Security]
[Duration: 15s ]

CANADA

END WITHDRAWN ITEM NO. 2

**********************************************************************


-US domestic producers
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 9/08)



-Possible reaction
-Oil imports
-Shortages
-Effect on prices

******************************************************************************

BEGIN WITHDRAWN ITEM NO. 4 Conv. No. 485-2 (cont.)
[National Security]
[Duration: 29s ]

CANADA

END WITHDRAWN ITEM NO. 4

******************************************************************************


-Flanigan's Possible Conversations with domestic producers
-Oil companies
-API
-Bellmon
-Dr. Walter J. Mead
-Princeton University
-Texas independent oil producers
-Tariffs

Energy message
-Time spent preparing
-Oil shale
-Shortages
-”Brown-outs”
-Short-term measures
-Possible Canadian agreement

Federal Power Commission [FPC]
-President's conversation with John L. McClellan
-Arkansas Valley
-Natural gas
-Clark MacGregor
-Management
-Chairman and commissioners
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 9/08)



-Gas

Breeder reactor
-Number
-Holifield
-Negotiations
-Construction
-California Conv. No. 485-2 (cont.)
-Timetable
-1980

Canadian negotiations
-Henry A. Kissinger


**********************************************************************

BEGIN WITHDRAWN ITEM NO. 3
[National Security]
[Duration: 30s ]

CANADA

END WITHDRAWN ITEM NO. 3

**********************************************************************


Energy message
-Breeder reactor
-Holifield
-Importance
-Fusion
-Fusion
-Risk to breeder program
-Possible breakthrough
-Howard H. Baker, Jr.
-Semi-breeder
-Admiral Hyman G. Rickover
-Navy
-Dr. Edward Teller
-Rickover
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 9/08)



-Economic competitiveness
-Usefulness

Gifts
-Tie pins
-Shultz
McCracken, Flanigan, Whitaker, and Kriegsman left at 3:46 pm
Conv. No. 485-2 (cont.)
Removal of McLarnan
-Difficulties
-Competence
-Smith
-Kleppe
-Schedule
-Anthony G. Chase
-Smith
-Vote on Supersonic Transport [SST]
-Reason for removal
-California
-Smith's call to Breeden[sp?] [Forename unknown]
-Bureaucrats
-Rules Committee
-Possible transfer
-President's California constituents
-Complaints to Small Business Administration [SBA]
-Earthquake
-Smith

The President's schedule
-Meeting with 4-H Club leaders

Schedule
-Productivity Commission meeting, April 30, 1971
-Conference
-Composition
-Labor, management, government
-Subjects
-Forum
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NIXON PRESIDENTIAL MATERIALS STAFF

Tape Subject Log
(rev. 9/08)



The President's schedule
-April 30, 1971 meeting of Productivity Commission
-Location
-Roosevelt Room
-Shultz's possible conversation with Haldeman

The President and Shultz left at 3:51 pm
Conv. No. 485-2 (cont.)