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Montana Oil And Mining Journal
Great Falls, Billings, Cascade County, Yellowstone County, Montana
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Montana oil producer E. B. Coolidge writes to OPA's Chester Bowles supporting a crude oil subsidy as better than no aid, after failed push for price hikes, amid WWII-era pricing issues.
Merged-components note: Continuation of article on oil subsidy across pages.
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Belief that a crude oil price subsidy might be better than nothing at all, as far as Montana producers are concerned, is expressed in a letter written Chester Bowles, OPA administrator, by E. B. (Hardrock) Coolidge, prominent Montana independent.
Pointing out that producers in other states are already receiving subsidy aid, Coolidge's letter says:
"Now that the battle to get an increased price in crude is apparently over, which to my mind was the only fair and equitable way to increase reserves, save the stripper wells and protect the independents, I understand that the administration is working on a subsidy program.
"The price of gasoline has gone up one cent since the start of the war, which was more than enough to justify an increase of 35 cents a barrel, but the poor producer did not receive it. There was no necessity at this time to give any increase in price of refined products."
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GREAT FALLS MONTANA
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Story Details
E. B. (Hardrock) Coolidge writes to Chester Bowles expressing that a crude oil price subsidy might be better than nothing for Montana producers, after failing to get a price increase, noting other states receive aid and criticizing lack of increase despite gasoline price rise.