...supply. "(&) There will be a resultant discouragement of, and decrease in, domestic production, "(o) There will be a marked decline in domestic exploration...that there are important foreign policy aspects to problem of limiting petroleum imports. The oil reserves and production lacities of other free nations,...

...domestic exploration and development ; and, in the event of a serious emergency, that the Nation would find itself years away from attaining the level of petroleum production necessary to meet national security requirements. During the 1st session of the 87th Congress, the committee received...

...supplement domestic supply. (6) There will be a resultant discouragement of, and decrease in, domestic production. (c) There will be a marked decline in domestic exploration and development. (<f) In the event of a serious emergency, this Nation will find itself years away from attaining the...

...supplement domestic supply. (b) There will be a resultant discouragement of, and decrease in, domestic production. (c) There will be a marked decline in...our national security needs. ***** Your committee [the Special Cabinet Committee to Instigate Crude Oil Imports] recognizes that there are im>rtant foreign...

...supplement domestic supply. (b) There will be a resultant discouragement of, and decrease in, domestic production. (c) There will be a marked decline in...necessary to meet our national security needs. Your commitee recognizes that there are important foreign policy aspects to the problem of limiting petroleum...

...supplement domestic supply. "(t>) There will be a resultant discouragement of, and decrease in, domestic production. "(c) There will be a marked decline in...production necessary to meet our national security needs." This report led to the creation of a Voluntary Oil Import Program, which went into effect on July 1....

...in domestic exploration and development. • In the event of a serious emergency, this Nation would find itself years away from attaining the level of petroleum production necessary to meet national security needs. The Mandatory Oil Import Program has been in operation for more than 14 years....

...supplement domestic supply. (6) There will be a resultant discouragement of, and decrease in, domestic production. (c) There will be a marked decline in...to meet our national security needs. Your committee [the Special Cabinet Committee to Investigate Crude Oil Imports] recognizes that there are important...

...unless a reasonable limitation of petroleum imports is brought about, your Committee believes that: In the event of a serious emergency, this Nation will...production necessary to meet our national security needs." (Taken from the report of the Special Committee To Investigate Crude Oil Imports, July 29, 1957.) The...

...in domestic exploration and development. • In the event of a serious emergency, this Nation would find itself years away from attaining the level of petroleum production necessary to meet national security needs. The Mandatory Oil Import Program has been in operation for more than 14 years....