| Abstrakt: |
Within the next few years, according to presents plans, Middle Eastern oil products costing more than two billion dollars will be purchased by or for countries participating in the European Recovery Program. Under the present world-pricing system for oil, dose to half that amount will be raked in as profit by American, British, and Dutch oil companies. This billion-dollar take will come out of the pockets of American taxpayers. The U.S. Economic Cooperation Administration is the middleman In this setup. The ECA has been buying Middle Eastern oil for Europe at an average price of over $2.65 a barrel. |
