Word: oiling
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Dates: during 1950-1959
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Dear to all oil and gas men-especially Texas oil and gas men-is the so-called natural gas bill, which, if it became law, would cut down the power of the Federal Government to regulate gas prices. Twice passed by Congress, the bill was twice done to death in the White House: President Truman vetoed it in 1950; President Eisenhower vetoed it in 1956 after South Dakota's Republican Senator Francis Case announced that a gas lobbyist had tried to bribe him. Last week the bill's backers were ready to write it off for at least...
...official party stationery, asking them to support a $100-a-plate fund-raising speech from House Republican Leader Joe Martin in Houston. In the letter was a pointed paragraph that punctured the great gas balloon. Excerpts: "Joe Martin . . . has always been a friend of Texas, especially of the oil-and gas-producing industries. He mustered two-thirds of the Republican votes in the House each time the bill was passed ... It will be up to Joe Martin to muster at least 65% of the Republican votes in order to pass the gas bill this year...
...blunder, he made a slashing gesture with the edge of his right hand against the arm of his red leather chair; Jack Porter's head figuratively rolled onto the floor. With it went the gas bill's chances, and no one knew it better than the oil and gas men. Said one: "I advised two years ago that Porter should be shot without ceremony. Too bad it didn't happen...
...Illah flew to Amman to make the clinching decisions for his nephew, King Feisal. But another deadlock still loomed. Hussein's negotiators battled doggedly to get their master equal turns with Feisal as head of state. At 4 a.m. King Hussein, who needed federation far more than his oil-rich cousin, rose and announced that he would defer to Feisal as head of state. Hussein went into a stenographer's office to supervise typing of the final draft. At 7:45 a.m. 22 negotiators crowded round a table in the main hall of King Hussein's palace...
...state, "the question of the head of state will be reviewed" if any other state joins the federation. This is a big hint that it is not too late for King Saud to line up with his fellow sovereigns. At week's end Amman reported that the oil-rich Persian Gulf sheiks of Kuwait and Bahrein were "considering" joining...