Word: oils
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Dates: during 1940-1949
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Rationing: On & Off. To speed civilian access to goods and services, Boss Snyder's master plan called for an end to rationing as quickly as possible. The picture: ¶ Immediate lifting of gasoline rationing, but not of fuel oil which is still short. ¶ Continuance of automobile and tire purchase controls-for a short time. ¶ Canned goods off the ration lists at once. There will be more food, but meat rationing will probably continue for months. Shortage of sugar, fats and oils will mean continued rationing. (The Army will cut its food demands about one-fifth, will live...
Despite this, U.S. home-fronters had remained the best housed, best clothed and best fed people in the world. But U.S. basic resources had suffered what might be an irreparable drain. Said an anxious Mead Committee report fortnight ago: war has left the U.S. with only enough oil for twelve years (at present production rates), enough iron ore for eight years, a seriously depleted timber supply...
...Arabian-American Oil Co. (owned fifty-fifty by Standard Oil Co. of California and Texas Co.) paid a lot of the bills. Washington heard that Arabian-American's advances to the royal Saudi Arabian party ran well into six figures...
...Russian censorship. During the oil crisis (TIME, Dec. 18), the Russians held up and stopped official Iranian telegrams. Foreign correspondents' estimates of the crowds attending the demonstrations of the Russian-influenced Tudeh (Masses) Party were suppressed for being too small...
Even the by-line of Jackie Cochran and the big purse of Odlum's Atlas Corp. (oil, airlines, utilities, Manhattan's swank Bonwit Teller store, movies) could not solve the wartime paper problem. But it might well help develop Liberty's new lease on life into a more successful pursuit of advertisers...