"The security of the U.S. is dependent upon adequate supplies of petroleum."
This sentence, a well-worn cliche to economists and oilmen, is still news to millions of Americans who think first of their thousands of airplanes, their Army and Navy, their two great oceans, their enormous productive capacity. Harry Truman, Senator from Missouri, used the words as the basic premise of a report made by his investigating committee this week, in an attempt to get all Americans to realize that, without oil, the U.S. would be militarily and diplomatically helpless.
Oil had only...
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