Monday, 27th April 2015
A Call to Export: US Producers Want to Crude Exports for Allies Supported
As the Iron Curtain of communism began to descend upon Eastern Europe, U.S. Secretary of State George Marshall stood before the 1947 graduating class of Harvard University and announced a foreign policy program to support and rebuild Europe after World War II - the Marshall Plan. The continent, ravaged by war, faced both a lack of money and energy resources. Coal was in short supply and miners' unions were often dominated by communist leadership. The solution was oil: About one-fifth of all Marshall Plan aid was spent on importing oil equipment and oil from the United States and the Middle East. Factories, power plants, boilers and cars all rose from the ashes of war on a sea of oil.