Word: oilmen
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...nation is in a grave situation with respect to its petroleum. The national defense is in a precarious position." So keened the House's Armed Services Committee last week. Oilmen did not think things were quite that bad. But they were worried...
...appointed office holders of both parties. He has also 1) cut the state sales tax from 3% to 2½ %; 2) raised old age pensions from $40 to $50 a month; 3) ticketed $450 million for postwar development; 4) raised gas taxes by 1½? a gallon (over oilmen's protests) to finance new highway construction; 5) widened unemployment insurance coverage; 6) signed a bill outlawing jurisdictional strikes; 7) streamlined the state guard...
...touchstone was oil. Under Brazil's jungle, oilmen hope to find petroleum pools that will make the Western democracies less dependent on the strategically vulnerable Middle East. Brazilians, who last year spent $85 million on imported gasoline and fuel oil, are just as anxious to see the fields brought in. Though they lack the money to do their own proving, they have blocked exploration by foreigners...
Americans, hopeful of finding some shred of sense in their Government's action, offer oil as a reason. But although Arab oilmen may make threatening gestures at first, in the long run Arab shrewdness will prevail. They realize that America alone has the price for their oil and they are hungry enough for dollars to sell the precious liquid to the United States. Oil alone is not the answer...
Hats Outside. The group interests of Los Angeles' promoters often conflict with their private interests. Last year the Chamber campaigned for more highways, to be financed by a boost in the gasoline tax. Oilmen who are members of the Chamber not only opposed the idea, they spent thousands to fight it. Chamber President Clarence Beesemyer is an oilman himself (vice president of General Petroleum Corp., a subsidiary of Socony-Vacuum Oil Co., Inc.). But he helped the Chamber fight the program through the state legislature...