203. Editorial Note
Under cover of a memorandum of August 3, Assistant Secretary Waugh sent Under Secretary Hoover a report entitled “Actual and Scheduled Oil Imports in Relation to the Formula Recommended by the President’s Advisory Committee on Energy Supplies and Resources Policy.” This report showed the extent to which the oil importing companies were abiding, or failing to abide, by the recommendations of the President’s Advisory Committee. Based on the findings outlined in the report, Waugh recommended that the Advisory Committee give “serious consideration to relating its recommendation regarding the limitation of residual fuel oil imports, preferably to free such imports altogether.” (Department of State, Central Files, 411.006/8–355)