Word: cartelizing
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This fight in Texas is separating the men from the boys. Governor Shivers, with his million-dollar farms and all, is proving to be just an office boy for the oil cartel and the big rich. The men, like Sam Rayburn and Wright Patman, are standing up for the people...
...concessions, had said a fervent amen. They had warned the U.S. that unless the tariff was removed or sharply cut, Venezuela might drive the U.S. companies out. Ironically, the President found himself agreeing with the same companies his Administration had just indicted (TIME, Sept. 1) as a wicked oil cartel...
Like a deft stripteaser, the Administration has for months been peeling off just enough tantalizing gossamer to give the customers some tempting glimpses of a "secret oil cartel." The Federal Trade Commission, which had been poring over subpoenaed oil-company records since early 1950, unpeeled the first rumor in March: it had recently completed a 900-page report, so shocking that the public could not be permitted...
...Small Business Committee's name put on the report (which it had done nothing to prepare), wrote his own introduction to it. He distributed only a limited edition (35 copies) to newsmen and let them hunt for the details of the wicked international oil cartel they had heard so much about. But for all of Sparkman's buildup, the document turned out to be little but ancient history, nearly all of it available in college economics books. Items...
Whether or not the oil companies had, as they stoutly denied, overcharged the Government was a matter for the law courts to eventually decide. But the Administration's strange and undignified handling of the whole cartel furor seemed to prove only that the election is getting closer every day. Said Socony-Vacuum's Board Chairman George V. Holton: "Somebody does this sort of thing every four years. We're whipping boys during an election campaign...