OIL & GAS: Curse or Blessing?


In a hullabaloo of argument, President Truman tried to make up his mind last week whether he should sign or veto the Kerr gas bill (see NATIONAL AFFAIRS). The bill's opponents loudly damned it as the biggest raid by "special interests" since Teapot Dome. Just as warmly, the bill's backers called it indispensable for the further growth of the natural gas industry.

The big oil and gas companies, who had championed oil-rich Senator Robert Kerr's bill for all they were worth, marshaled some potent arguments on their side. Despite all the political uproar, they pointed out that the bill,...

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