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U.S.A.
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AVERAGEPRICE
OFGASOLINE
PERGAUON
INCOME
PER OAPITA
IN U.S. DOLLARS
COMMON
MARKET
able to afford them. They, Iike
Bangladesh, must somehow meet
the rising cost of oil.
Pakistan's economy is also heavi ly
dependen! on oil. Pakistan's eco–
nomic planners speak in somber
terms of the serious repercussions
oil price hikes are having on their
nation's economy. The possibility of
economic recession in industrialized
countries which give aid to Pakistan
has generated alarm. Pakistan's an–
nual import bill for crude oil and
petroleum products has shot up
from $60 million to about $350 mil–
lion, amounting to one third of
the nation 's total export earn–
ings.
And so it goes around the world.
The story is the same. Economic
PLAIN TRUTH April 1974
THE PlliCE OF GASOLINE
IN llELATION
TO
INCOIIfE
The price of gasolina and patroleum products
varias widely from country to country. In
Venezuela, a producer country, gasolina costs
14c a gallon. But in Uruguay, which importa all
its oil, gasolina costs the consumar $2.39 par
gallon. Price alone is not an accurate indica–
tor. The ability to pay for oil products is the
critical factor. Third World countries with a
lower par capita income feel a much greater
pinch in obtaining oil products needed to sur–
vive. In India, for example, kerosene costs
56$ per gallon, a full day's wage for many
laborera in lndia's rural villages. Prices given
in chart are as of beginning of 1974.
INDIA
JAPAN
planners
in
the black republics of
East Africa are as concerned and
perplexed as their counterparts in
Asia and on the lndian subcon–
tinent about how to tackle their re–
spective energy situations.
Sometirnes the story takes on
even more complex angles. The tiny
East African natíon of Uganda, for
example", is getting hit from both
sides in its energy dilemma. Rising
fuel costs threaten to equal al! of
Uganda's foreign earnings - whicb
in turn are suffering from a slump
in
tourism, especially since the ex–
pulsion of Asians who bad made
Uganda their borne. Rising air fares
due to increased fuel costs are cut–
ting into Uganda's thriving "safari"
business.
ARGENTINA
MALAYSIA
Effect on W<>rld Food
Supply
The most serious irnpact of the
energy crisis will be on the ability of
the poor nations to feed their grow–
ing populations.
Today, government leaders, sci–
entists and agricultura! experts are
warning the world that the threat of
widespread famine is greater than
it's been for many years. The energy
shortage has accelerated the prob–
lem greatly. Glob 1.-grain reserves
have fallen to 20- ear lo as the
population explosion contmues in
many parts of the world.
Compounding tbe situation is the
fact that over the past decade or so,
many nations have become overly
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