The control of oil

Achnacarry agreement American Antitrust Aramco average barrels a day cartel cents Committee competition concession Congressional Record costs crude oil decline demand domestic drilling economic effect energy estimates Exxon Federal Trade Commission firms fuel gasoline Governmental Intervention growth rate Hearings on Governmental Hearings on Multinational Ibid important income increase independent refiners industry's interest international majors International Petroleum Cartel Iran Iranian Iraq Iraq Petroleum Company Kuwait largest Libyan limited m b/d major oil companies ment Middle East Mideast million barrels Mobil Multinational Corporations National oil and gas oil industry oil production oil shale OPEC OPEC countries operating output panies percent Persian Gulf Petroleum Economist petroleum industry pipeline private branders profit rates prorationing quota reduced refined products refinery Report result retail royalty Saudi Arabia share Shell SoCal Standard Oil supply Texaco Texas tion top eight United