It is my belief that this Government - indeed, any British Government - could make a great contribution to solving the World Oil Crisis if they could take the initiative in setting up a European payments union not hostile or antagonistic to the United States or Japan but strong enough to do business with them as a valid and viable partner.

Our problems, in common with those of other countries, developing or advanced, have been vastly aggravated by the World Oil Crisis.

All of us can remember the early 1970s and the sudden panic of the World Oil Crisis and the feeling that there was not enough oil to go around.

On other occasions he switched and quoted from 1973 and 1974 when there was a World Oil Crisis.

In terms of growth, expansion and development, that means that the NHS will begin a period of greater squeeze, greater pressure and greater relative contraction than at any time in its history, excluding only the years 1975–76 and 1979–80, when there was a World Oil Crisis.

Shortly after that we had the World Oil Crisis, which brought home to me the need to not be wasteful with our global natural resources.