AIME Annual Meeting, 16–20 February, New York

Abstract

The author deals with three world oil emergencies and how they were solved:

The Industry-Government Team in an All Out War Effort [PAW]

The need for a centralized government agency to coordinate the war oil effort — establishment of OPC and later PAW — mobilization of industry for a concerted effort — the growth pains — evolution of a partnership — the results.

The Iranian Crisis [FPSC]

Iran's place in world oil supply — need for concerted action to overcome the loss of this supply — problems of peacetime vs. wartime collective industry action — the need for voluntary action by industry — the Voluntary Agreement and Plan of Action of 1951 — formation of the Foreign Petroleum Supply Committee — what it did to help solve the problem.

The Suez Emergency [MEEC]

Importance of the loss of two vital arteries to world supply — problems of organizing to meet request of American Government for information in advance of crisis — Plan for Action of 1956 — formation of MEEC — initial phase fact-finding activities of MEEC — accomplishments by individual action during cessation of MEEC activities in Nov., 1956 — reactivation of MEEC in December and speed of action — looking backward at the over-all accomplishment.

Introduction

In the past 15 years I have been afforded the privilege — and I have always felt that it was a privilege — of serving our government during three world oil crises, first in a full-out war effort and later in two peace time emergencies.

It is because of this association that I feel qualified to come before you today and talk about some of the aspects of these crises with which you may not be familiar, particularly the part which industry "know-how" has played in solving the problems which arose.

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