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Oil field politics spark antitrust debate and Navy clash
Congresswoman Hart and Senator Hart debate Standard Oil control as Navy elk hills reserves near Bakersfield draw scrutiny. Exxon executive Moss warns open production could breach Navy contract and prompt compulsory seizure or compensation disputes. A Tunney bill seeks to open Elk Hills to bidders while preserving public interests and limiting windfall gains for majors. Also Iran says it will not participate in a Munich talks interview with Abbas.
MENTIONED IN THIS ARTICLE
United States
Cory
Neato
Aly
Artidans Do Aah
California
Exxon
Texaco
Union
Mobil
Shell
Standard
Atlantic Richfield
Washington
UPI
John V. Tunney
D-Calif
Elk Hills van
Moss
Navy
Tly