Would Cutting Oil Company Tax Subsidies Raise Gas Prices?

Gandel checks Boehner’s claim: Indeed, the recent rise of gas prices seems to be slowing the economy. So raising taxes on oil companies does seem to be a bad...

Soaring Oil Prices: Another Culprit?

What's responsible for sky-high oil and gasoline prices? To the threat of war in Iraq and this year's cold winter, add another culprit: the Administration's oil...

IMPACT: Conserving to Learn

In most years, nearly all public school students in the country would be returning to class from their Christmas vacations this week. But in this winter of...

FOREIGN TRADE: Economic War?

When Secretary of State Cordell Hull last week abrogated the 28-year-old U.S.-Japan treaty of commerce and navigation, he put the skids under trade with the...

POLICY: Striking Back at the Chill

In a fuel-short world that is turning colder, anxious men generated their own kinds of heat last week. Governments on both sides of the Atlantic imposed tough...

Business: Oil to Market

Oil exchanges were exciting markets during the last quarter of the 19th Century. The Oil City, Pa. Exchange boasted a hectic day in 1884 when 29,006,000 bbl...

INTERNATIONAL: Fuel for Franco

Last week Carlton J. H. Hayes, U.S. Ambassador to Fascist Spain (TIME, Feb. 22), told the American Chamber of Commerce in Barcelona that the U.S. has recently...

GOVERNMENT: Suez Aftermath

The U.S. oil industry, which is having its full share of recession troubles, last week added still another, left over from a time of shortage. In Alexandria,...

Business: Cheaper Oil?

The bugbear of the oil industries has been the large stocks of both crude oil and gasoline on hand. Yet some months ago, as soon as the excessive preceding...

Business Abroad: Energy for New Zealand

Three months ago, when Britain decided to apply for membership in the European Common Market, none of the Commonwealth nations was quite so dismayed as tiny...