Business & Finance: Oil's P. C. C.

Just before he boarded Vincent Astor's Nourmahal to go fishing last week President Roosevelt appointed a Planning & Coordination Committee for the oil industry. It was the last big jig in the Government's design for oil's recovery. Congress had granted the President power to regulate oil shipped in interstate commerce. Oilmen had signed a code. Secretary of Interior Ickes had been named oil administrator. To oilmen most important of all was the P. C. C. Its 15 members would settle the key question of price-fixing. Checking off the appointees last week, oilmen soon...

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