The document 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.

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

Identifier:
CAC_CC_047_1_7_6_0012
Contributing Institution:
Carl Albert Congressional Research and Studies Center, University of Oklahoma, Norman, OK
Title:
Correspondence between Melvin E. Scott and George B. Schwabe Regarding Subsidies and Challenges in the Petroleum Industry, 1946
Date Created:
1946-07-22
EDTF:
1946-07-22
Creator:
unknown
Rights:
http://rightsstatements.org/vocab/NKC/1.0/
Language:
eng
Record Type:
correspondence
Collection:
George B. Schwabe Collection
Collection Finding Aid:
https://arc.libraryhost.com/repositories/3/resources/37
Description:
The document 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.
Topic:
Water resources development--Law and legislation--United States, Employment & social affairs, Taxation Law and legislation--United States
Congress:
79th (1945-1947)
Physical Location:
CAC_CC_47_1_0000, Box 7, Folder 6, University of Oklahoma, Carl Albert Center Archives, Norman, OK, Standard Shelving
Location Represented:
Oklahoma (state), United States (nation)
Type:
Text
Extent:
3 Pages