Word: oilmen
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Senator Tobey: Did you ever tell Mr. Ickes that the filing of the Government test suit would be a political mistake-get this carefully, please-and that if you could assure California oilmen that the suit would not be filed, you could raise several hundred thousand dollars from them in campaign contributions...
Tobey: Mr. Pauley has stated under oath that he had done nothing to stop the filing of that suit. Did Mr. Pauley . . . ever tell you that the filing of that Government suit would be bad politically, that several hundred thousand dollars could be raised from California oilmen if they could be promised that the suit would not be filed...
Ever since war's end, a vocal group of U.S. oilmen has urged that the war-built Big Inch and Little Big Inch pipelines should either be shut down or converted to carry natural gas. Reason: the oilmen have heavy investments in tankers, which might find it hard to compete with the pipelines in carrying oil from Texas...
Last week Surplus Property Administrator W. Stuart Symington turned thumbs down on the oilmen's proposition. In a report to Congress, he stated that the $145,800,000 worth of pipelines would be converted to gas only as a last resort. (Coal producers and the railroads have strenuously opposed such a move.) First the lines would be offered for sale or lease to private companies. If there were no takers-the Government would try to operate them...
...British, but the results were impressive enough. From the oil area around Masjidi-Suleiman and the great refinery of Abadan at the head of the Persian Gulf, the Anglo-Iranian Oil Co. drew 350,000 barrels a day, with indicated reserves of six to seven billion barrels. Few oilmen doubted that the untapped fields north of Iran, especially round Lake Urmia and Samnan, held oil as well...