OIL: British Bobble

U.S. oilmen have been fighting mad ever since December, when the British abruptly announced their intention to cut the use of dollar oil in the sterling area (TIME, Jan. 2). Oilmen, trying to get the State Department to fight back and defend U.S. interests, became convinced that Secretary of State Dean Acheson did not really care. Triumphantly last week, they unearthed a letter to prove it.

In writing to the East African government of the clampdown on dollar oil, Britain's Colonial Secretary Arthur Creech Jones had added: "The Americans have, as expected,...

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