Speaker. 10 years ago. Americas oil industry approached the Eisenhower administration with a unique request. It was for Executive action to prevent cheap foreign oil from entering the United Statesto be accomplished by establishing what we now recognize as the oil import quota system. Their request was quietly granted. and the oil import quota system remains clamped like a financial yoke on the neck of every American consumer who must buy oil and gasoline products. Take a close look at those pump prices or your home heating bill next time. afid ponder on how much is pure. usurious profit. over and above a fair markup. Never let it be said that the oil industry ever misses a chance to bury the switchbladein the consumers wallet.
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quota system