OIL
For the first time, the U.S. has a world oil policy. The policy is still on paper only as an understanding, but it involves the U.S. directly, on a long-term basis, in the Middle East. The policy came to light at a little-publicized meeting last week, between the U.S. State Department and top executives of the U.S. companies involved in foreign oil production.
Basis for Hope. The policy sounds elementary. In brief, it assumes that the national welfare demands: 1) that the Government concern itself with insuring ample oil supplies for the U.S., 2) that the Government concern itself with the good...
To continue reading:
or
Log-In
