Helpless in Suez Oil Price Hike Sparks Senate Inquiry
Washington testimony before the Senate subcommittee on monopoly details government limits on price control after Suez Canal closure. Witness Flemming says federal power is limited to regulate oil and gas prices. emergency shipments may be used and Europe awaits supply arrangements. Canal disruptions drive talks of future oil shipments and pipeline backlogs.
MENTIONED IN THIS ARTICLE
Washington
Arthur
Flemming
Suez Canal
Senate
Cary
Prograan
Europe
Hesia Conefess
Lars
Opih
Alexander Wiley
Rewialarcuid Mare
Lemme
Poviny
Eplement
Mort
Joan Q
Biscompanied
Guess
Linn
Congress
WN Va
Russia calls for cuts in industry and arms
Moscow officials proposed 1957 cuts across industry and defense while outlining a budget seeking 9.7 billion rubles for armed forces, a defense share of about 18 percent, amid plans to reduce expenditures compared with 1956. The session highlighted lower defense outlays and a push to curb military costs, reflecting Moscow’s aim to tighten spending while maintaining military capacity.
MENTIONED IN THIS ARTICLE
Moscow
Thussia
Economie
Mikhail Goi Pervukhin
Gaance
lArseny Gi
Averev
Sui Leer
Russia
Zverev
Fisen
Teussians
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