Correspondence between Melvin E. Scott and George B. Schwabe Regarding Subsidies and Challenges in the Petroleum Industry, 1946, 1946-07-22

Item — Box: 7, Folder: 6

Identifier: CAC_CC_047_1_7_6_0012

Staff Only

Correspondence between Melvin E. Scott and George B. Schwabe Regarding Subsidies and Challenges in the Petroleum Industry, 1946, 1946-07-22

The letter from Melvin E. Scott to Congressman George B. Schwabe expresses concern about the lack of support for small stripper oil well producers following the expiration of subsidies and the OPA. Scott highlights the importance of these producers during wartime and the challenges they face in a non-competitive market controlled by major companies. He urges Congressman Schwabe to consider providing relief through subsidies or price increases to support the continued operation of these small independent producers. Congressman Schwabe responds by expressing his opposition to subsidies in general and emphasizes the need to find a solution that does not rely on deficit financing or permanent subsidies. He acknowledges the importance of preserving marginal operations and suggests finding a solution within the framework of free enterprise.

Dates

1946-07-22

Language of Materials

English

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