US Presidency
1975

In little more than a year, together with our partners, we have created the International Energy Agency; we have negotiated an emergency sharing arrangement which helps to reduce the dangers of an embargo; we have launched major international conservation efforts; we have developed a massive program for the development of alternative sources of energy. But the fate of all of these programs depends crucially on what we do at home. Every month that passes brings us closer to the day when we will be dependent on imported energy for 50 percent of our requirements. A new embargo under these conditions could have a devastating impact on jobs, industrial expansion, and inflation at home. Our economy can not be left to the mercy of decisions over which we have no control. And I call upon the Congress to act affirmatively. In a world where information is power, a vital element of our national security lies in our intelligence services. They are essential to our Nation's security in peace as in war.