Nixon Antitrust Aide Urges End to Oil Import Quotas
The Justice Department antitrust chief urged abandoning import quotas on foreign crude oil saying the system harms consumers, raises costs, and hampers competition. He favored a twofold plan promoting competitive industry and a reserve program to meet emergencies.
MENTIONED IN THIS ARTICLE
Nixon
U.S
Washington
Nixon Administration
Labor
George P. Shultz
Senate Antitrust Subcommittee
New England
Machiasport
Maine
McLaren
Industry Defends Need for Control
New York industry players oppose removing oil import quotas. Assistant Attorney General Richard W. McLaren urged continued controls to bolster economy and national security. Mobil Oil warned of drasti cal declines in exploration and gas supply if controls end. others pledged to study McLaren’s recommendation before commenting.
MENTIONED IN THIS ARTICLE
Assi. Atty
Richard W. McLaren
Justice Department
Antitrust Division
McLaren
New York
Otl
Mobil Oil Corp
Mobil
American Petroleum Institute
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