273. Memorandum for the Files by the President’s Deputy Assistant (Morgan)0
SUBJECT
- Meeting between the President, Governor Shivers, Mr. Moncrief,1 Secretary Weeks, Secretary Anderson and others
I came into the meeting about fifteen minutes after it had started. There seemed to be general agreement that the voluntary plan for limiting the importing of oil was about to break down. This was due to two factors—(1) the unwillingness of Tidewater Oil to cooperate in the voluntary plan, and (2) the increasing number of new people coming into the field who wish to import oil.
The President indicated that it was probable that some system of mandatory import controls would have to be worked out and put into effect. He suggested two or three ways of doing this, and asked Secretary Weeks and Secretary Anderson, as members of the Cabinet Committee, to consider these suggestion along with others.
Secretary Weeks said that the Cabinet Committee had had this problem under constant review, and would hold another meeting on March fourth.2
- Source: Eisenhower Library, Whitman File, Eisenhower Diaries. No classification marking. Drafted by Gerald D. Morgan.↩
- Alan Shivers, ex-Governor of Texas and Director of Texas Gulf Sulfur Company, and William A. Moncrief, an independent oil producer and member of the National Petroleum Council.↩
- See Document 274.↩