OIL: Troubled Waters

The senior Senator from Texas waggled his head and asked plaintively: "Is there nothing beyond the reach of arbitrary power?" Tom Connally was complaining about last week's U.S. Supreme Court decision, which took away control of the tidal oil lands in the Gulf of Mexico from Texas and Louisiana and gave it to the Federal Government.

The decision should not have been a surprise, since the Supreme Court had handed down a similar ruling against the state of California three years ago. But in Texas, the news struck like a tornado. Texans...

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