OIL: Empty Tanks

U.S. generals and admirals scanned the news of strife and stress in the world and took a worried look at the armed forces' fuel tank. The tank was all but empty. The Army Air Forces were down to a 90-day supply. The Navy has less than half its operating needs. With the U.S. now using as much petroleum as the entire world consumed ten years ago, oil companies had scrambled for bigger shares of the civilian trade, and the services were being squeezed.

Last week Secretary of the Interior J. A. Krug summoned 50 bigwigs to Washington. He called on...

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