Abstract

Consumers Last
Neal, Sydney J. | August 28, 1948 issue

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The article focuses on petroleum industry and trade in the U.S. During the past year, the U.S. House Committee on Interstate and Foreign Commerce, in the course of its fuel investigation, has been concerned with the question of petroleum prices and profits. In February, a number of hearings were devoted especially to that subject and, on February 26, the committee addressed a questionnaire to twenty-one integrated oil companies. On June 14, a progress report was submitted to the House of Representatives summarizing some of the facts in the matter, outlining some of the reasons given by the industry for current high prices and earnings, and containing the complete replies of all but one company to the committee's questionnaire.

See Also:

INTERNATIONAL trade; PETROLEUM products -- Prices; OIL consumption; LEGISLATORS -- United States; CONSUMERS -- United States; UNITED States
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