OIL: Less for More

The oil pinch was on. The first to sound the alarm last week was Socony-Vacuum Oil Co.'s A. L. Nickerson, who warned that fuel oil might be so short this winter that it would have to be rationed in the East. Said Nickerson: "The consuming public [should realize] that a new oil-burner installation does not carry with it an assured supply of fuel." Monroe Jackson Rathbone, president of Standard Oil Co. of New Jersey, subsidiary of Standard Oil Co. (N.J.), "Big Jersey," went even further. He suggested that all U.S. refineries allocate the supply of oil to retailers; in...

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!