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Big Notions. Secretary of Defense James V. Forrestal last week told Congress that the long-range oil picture was also dark. The U.S., he said, was using up its oil four times as fast as it was finding it. Said Forrestal: if the nation went to war tomorrow, it would...

Author: /time Magazine | Title: OIL: Cold Comfort | 2/2/1948 | See Source »

Small Beginnings. Long before Krug or Forrestal, the oil industry had seen the revolution on the way and started to get ready. The Texas Co. has a 38% interest in Carthage Hydrogl, Inc., is now building a $20 million plant at Brownsville, Tex. to produce synthetic gasoline and oil daily...

Author: /time Magazine | Title: OIL: Cold Comfort | 2/2/1948 | See Source »

The Cost of Defense. It was scarcely the commissioners' job to settle that kind of technical debate. They had a right to expect that the JCS would have settled the fight among themselves and come up with carefully integrated plans. It was apparent that real unification had not yet...

Author: /time Magazine | Title: NATIONAL DEFENSE: For A-Day | 1/19/1948 | See Source »

It had taken a lot of doing. Neither President Harry Truman nor the new Air Force had forgiven or forgotten Radford's angry last-ditch opposition to unification of the armed services, which he carried on even after the Navy had agreed to the merger. Defense Secretary Forrestal and...

Author: /time Magazine | Title: National Affairs: Up from the Bilges | 1/5/1948 | See Source »

James V. Forrestal, Secretary of Defense, erased himself from Democratic dopesters' tickets. He took back publicly what he had privately told some friends-that he would be glad to be Harry Truman's vice-presidential candidate (TIME, Aug. 25). Said Forrestal: "I've never taken myself seriously...

Author: /time Magazine | Title: POLITICAL NOTES: As I Was Saying . . . | 12/22/1947 | See Source »

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