After 13 weeks of haggling, Rumania last week signed an international oil pact with all the great oil producing nations except Russia. Terms of the pact are thought to bind Rumania to keep oil production down to 1930's level, to enforce further reductions in proportion to any drop in consumption below 1930's rate. But this news caused little cheer to oilmen in the U. S., for once again their industry faced a crisis.
The crisis started when great shipments of gasoline were made to the U. S. in time to escape the new Federal...
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