OIL: Many Fiddle But Nothing Burns

The time is short. Soon will come the first need for heat in homes along the Atlantic Seaboard. But last week, barely 30 days before a decision on fuel oil rationing must be made, the true picture of this winter's oil shortage was still buried. Into the ground probed New York City's Mayor LaGuardia, and the governors of six New England States.

Bleated LaGuardia, answering the Chicago Daily News which asked if Midwest rationing could really help: "Present stocks and current supplies [of petroleum] are short of essential needs by 25,000,000 barrels....

Want the full story?

Subscribe Now


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!