Hayes warns oil firms may provoke nationalization
Los Angeles area hearing on gasoline shortage spurred by eight major players Atlantic Richfield Exxon Mobil Phillips Shell Standard Oil Texaco Union Oil testified. Supervisor James Hayes warned that if firms refuse refinery expansion or new output amid rising crude supply they would be provoking nationalization. Union Oil cited 108 percent supply, with 1 percent higher regional demand, while others blamed import quotas and environmental controls for the shortage amid ongoing policy critique.
MENTIONED IN THIS ARTICLE
Nol Swann
Hayes
Kayes
Atlantic Richfield
Exxon
Mobil Oil
Phillips Petroleum
Shell
Standard Oil
Texaco
Alaska
Standard Oil says 1974 fuel oil commitments lock in supply
Standard Oil of California said it only recently learned that California electric utilities would need large fuel oil supplies to avoid winter blackouts. All its fuel oil for 1974 is now committed. Southern California Gas said it could provide under 50 percent of industrial demand in 1976 and nothing for electric companies, forcing further fuel oil substitution by utilities including Southern California Edison, Los Angeles Dept of Water and Power, San Diego Gas and Electric, and the cities of Burbank, Glendale, and Pasadena.
MENTIONED IN THIS ARTICLE
Hartley
Hayes
Union
Los Angeles
SAN Irkantisuo
UPI
Standard Oil of
California
Standard
California Public Utilities Commission
Southern
Hearigs
Southern California
Adison
Moretti calls for probe into California oil industry practices
Assembly Speaker Bob Moretti urged Attorney General Evelle Younger to investigate oil industry trade practices in California. He cited OH and Gas Journal data showing volatile gasoline pricing across Los Angeles, San Diego and San Francisco in 1971 and 1972 and urged action as federal probes unfold. He suggested major oil company price coordination and pressed state agencies to protect the public amid inflation.
MENTIONED IN THIS ARTICLE
Scaramento
UPI
Bob Moretti
Evelle Younger
California
Washington
Moretti
OH and Gas Journal
Los Angeles
San Diego
San Francisco
Federal Trade Commission
United States
Congress
California Gasoline Use Reaches Record Summer Peak
Californians used nearly a billion gallons of gasoline in one month as shortages loomed and stockpiling rose. May saw a record 914 million gallons distributed for sale while officials expect demand to taper later, with early station closures and rationing spurring preparations and fears of continued higher consumption.
MENTIONED IN THIS ARTICLE
Sacramento
State Board of Equalization
May
Also Mentioned on This Page
Martley
James Hayes
Union Oil
Coats
Faern
Wnt
Atlantic
Carson and
Wardlow
Cowhey Ave
Firestone
Hawthorne
Awawtidane Boulevard
Tustin
Chapman
Katella
CIV
Orange
Younger
Youngerdine 12
Senate
Wasitington
State Department
Walter Mondale
D-Minn
Terry M. Chambers
Ed Reinecke
Science and Industry Commission
Furniture Mart
Dooley’s
Dooley’s Hardware Mart
Long Beach
North Long Beach
Dooleys Furniture Mart
Imperial
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