Volume 21, Number 3 · March 7, 1974

The Oil Company Blues

By Les Aspin

The seven oil executives who testified on the energy crisis before Senator Jackson's subcommittee in January claimed that Jackson was picking fights with the oil witnesses, was making unsubstantiated accusations, and was generally acting like a politician seeking his party's presidential nomination. Many journalists and editorial writers seem to share some of the industry's misgivings. The Jackson hearings and the oil companies' rapidly intensifying public relations campaign may have left the public more confused than ever about the current energy shortage. The consumers know they are paying higher and higher energy prices. But are the gains enjoyed by the oil companies fair and equitable, or not?



Feature, 2138 words

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