OIL: Mr. Pew Sniffs the Future

The first big blast at the U.S.-British oil agreement (TIME, Aug. 21) came last week from Sun Oil's President J. Howard Pew. In an open letter to Chairman Tom Connally of the Senate Foreign Relations Committee, Pew said his chief objection was the "vagueness" of the language, which could make the agreement "as in nocuous or as vicious as its administrators desire." Suspiciously he hinted that the agreement contains "the possibility of a first step in what might be a carefully laid plan for a superstate cartel." Since a government cartel "is no less reprehensible than a cartel entered into by...

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