One of the finest steps that we could take to improve the outlook for the Alliance for Progress program. would be to cut out the quota on residual oil. That would be a plege to Latin America that we really meant business when we said that we would assist their efforts to improve economic conditions in Latin America. We would be practicing what we are preaching. Yet instead. we maintain this program of controls. which is of insignificant economic value to those who favor its continuation. Venezuela and other countries have protested this quota system time and time again. They are absolutely right. From the standpoint of the domestic consumer we must avoid these bureaucratic injustices.
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quota system