National Stockpile: Hearings Before a Subcommittee of the Committee on Armed Services, United States Senate, Eighty-fifth Congress, First Session, on National Stockpile, July 24 and August 13, 1957

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Página 5 - Certain specialized minerals legislation, including the Domestic Minerals Program Extension Act of 1953 (Public Law 206, 83d Cong.), and the Domestic Tungsten, Asbestos, Fluorspar, and Columbium-Tantalum Production and Purchase Act of 1956 (Public Law 733, 84th Cong.), which authorized the acquisition of specific amounts of certain named minerals.
Página 5 - broad authority for the expansion of productive capacity including the making of purchases or commitments to purchase metals, minerals, and other materials, and for the encouragement of exploration, development, and mining of critical and strategic minerals and metals. The
Página 5 - of exports to protect the domestic economy from the excessive drain of scarce materials; to further the foreign policy of the United States and to aid
Página 47 - and the report to him of the findings and recommendations made in connection therewith, the President finds that the article is being imported into the United States in such quantities as to threaten to impair the national security, he shall take such action as he deems necessary to adjust the imports of such article to a level that will not threaten to impair the national security.
Página 5 - the basic authority for the acquisition and retention of strategic and critical materials to decrease and prevent, wherever possible, a dangerous and costly dependence of the United States upon foreign nations in times of
Página 5 - to further the foreign policy of the United States and to aid in fulfilling its international responsibilities; and to exercise vigilance over exports from the standpoint of their significance to the national security.
Página 51 - by events beyond our control. This vulnerability could easily result in a much higher cost, or even in the unavailability, of oil to consumers. It is therefore believed that the best interests of domestic consumers, as well as of national security, will be served if a reasonable balance is maintained between domestic and foreign supplies.
Página 5 - Defense Production Act of 1950 (Public Law 774, 81st Cong.), as amended, provides broad authority for the expansion of productive capacity including the making of purchases or commitments to purchase metals, minerals, and other materials, and for the encouragement of exploration, development, and mining of critical and strategic minerals and metals.
Página 1 - UNITED STATES SENATE, SUBCOMMITTEE ON NATIONAL STOCKPILE AND NAVAL PETROLEUM RESERVES OF THE COMMITTEE ON ARMED SERVICES, Washington, DC The subcommittee met, pursuant to call, at 9 am, in room 212, Senate Office Building.
Página 50 - (a) Oil imports will flow into this country in ever-mounting quantities, entirely disproportionate to the quantities needed to supplement domestic supply. "(d) In the event of a serious emergency, this Nation will find itself years away from attaining the level of petroleum production necessary to meet our national security needs. "(c) There will be a marked decline in domestic exploration and development.

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