OIL & GAS: Curse or Blessing?

OIL & GAS

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,...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!