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

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U.S. Government Printing Office, 1957 - 52 páginas
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Página 6 - States to use export controls to the extent necessary (a) to protect the domestic economy from the excessive drain of scarce materials and to reduce the inflationary impact of abnormal foreign demand ; (b) to further the foreign policy of the United States and to aid in fulfilling its international responsibilities; and (c) to exercise the necessary vigilance over exports from the standpoint of their significance to the national security.
Página 48 - Mobilization has reason to believe that any article is being imported into the United States in such quantities as to threaten to impair the national security...
Página 48 - Act of 1955 contained the following authority: "(b) In order to further the policy and purpose of this section, whenever the Director of the Office of Defense Mobilization has reason to believe that any article is being imported into the United States in such quantities as to threaten to impair the national security, he shall so advise the President, and if the President agrees that there is reason for such belief, the President shall cause an immediate investigation to be made to determine the facts....
Página 51 - There will be a resultant discouragement of, and decrease in, domestic production. (c) There will be a marked decline in domestic exploration and development. (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.
Página 47 - An Act to extend the authority of the President to enter into trade agreements under section 350 of the Tariff Act of 1930, as amended," approved July 1, 1954, is repealed.
Página 6 - Act to provide for the acquisition and retention of stocks of these materials and to encourage the conservation and development of sources of these materials within the United States, and thereby decrease and prevent wherever possible a dangerous and costly dependence of the United States upon foreign nations for supplies of these materials in times of national emergency.
Página 52 - Domestic consumers are utilizing an increasing amount of petroleum products for transportation, fuel, heating, and many other aspects of consumer life. In the event of a national emergency, it is essential to these consumers that there be adequate supplies at reasonable cost, both now and in the future. The low cost of imported oil is attractive, but excessive reliance upon it in the short run may put the Nation in a long-term vulnerable position. Imported supplies could be cut off in an emergency...
Página 47 - ... he shall so advise the President, and, if the President agrees that there is reason for such belief, the President shall cause an immediate investigation to be made by the United States Tariff Commission, which shall give precedence to investigations under this section to determine such facts.
Página 52 - Committee recognizes that there are important foreign policy aspects to the problem of limiting petroleum imports. The oil reserves and production capacities of other free nations, as well as our own, are important to our national security. A number of countries inevitably depend in varying degree upon access to our domestic market for their petroleum exports and it must be recognized that it is also in the interest of our national security that our allies and friends have healthy and expanding economies....
Página 47 - Mutual Security Act of 1952". SEC. 2. Section 2 of the Mutual Security Act of 1951 is amended by inserting

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