OIL: Ready to Move

Around a T-shaped table in the office of Interior Secretary Fred Seaton, 25 representatives of 15 major oil companies met last week to demothball a tool left over from Suez. The oilmen were the backbone of the Foreign Petroleum Supply Committee, whose members formed a special committee to keep Europe's oil flowing in 1956 during the Suez crisis. Present purpose: to keep oil coming in case the fields in Iraq—or any other Arab land—should be suddenly shut down. Said Seaton: "We must be prepared to move, and move quickly."

Seaton wants the industry to operate in much the same manner...

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