The Dutch are puzzled by the Arabs’ official retention of the embargo. The Dutch in fact signed a statement supporting United Nations Resolution 242, which calls for a pullback.

In Rotterdam’s Europoort, oil business goes on as usual. Giant tankers glide across the busy harbor to docks where workmen connect the ships to shiny umbilical pipes that drain their heavy cargoes of crude. Near by, five gigantic refineries crank out prodigious quantities of fuel for the thirsty North European…