CHART 7. COMPARISON OF PRICES REALIZED ON SALES IN NEW YORK ON CERTAIN ASSUMPTIONS WITH POSTED PRICE OF SAUDI-ARABIAN CRUDE OIL CHART 8. PRICES OF FOUR MAJOR REFINED PRODUCTS IN THE TEXAS GULF, 1948 to 1954 ° Sources: National Petroleum News and Platt's Oil Price Handbooks. "Low of Platt's" quotations for middle of January, April, July, October. For some quotations the data are monthly averages. CHART 9A. COMPARISON OF PUBLISHED PRICE FOR BUNKER OIL EX-WHARF LONDON WITH IMPORT PARITY PRICE Import parity price Spot price (excluding taxes) of bunker oil ex-wharf London Sources: Petroleum Press Service. See also Appendix. The import parity price has been calculated in the manner described in the text by adding freight charges from the Caribbean based on London Brokers' Award to the "low of Platt's" quotations for bunker "C" fuel oil. CHART 9B. COMPARISON OF RETAIL PRICE (EXCLUDING TAXES) OF MOTOR SPIRIT AT THE PUMP IN THE UNITED KINGDOM WITH IMPORT PARITY PRICE Sources: Information provided by a leading oil company; Report of the Commissioners of H. M. Customs and Excise, 1953. See also Appendix. a The import parity price has been calculated in the manner described in the text by adding freight charges from the Caribbean based on London Broker's Award to the "low of Platt's" quotations for 79-octane R. R. motor spirit. a CHART 10. REFINERY MARGINS IN NORTHWESTERN AND SOUTHERN EUROPE, 1948 TO 1954 a Northwestern Europe is defined as United Kingdom, Netherlands, Belgium, Luxembourg, and Northern France. Southern Europe is defined as Italy and Southern France. CHART 11. REFINERY MARGINS IN THE TEXAS/LOUISIANA AREA OF THE UNITED STATES, 1948 TO 1954 The CHAIRMAN. I gather from that, do I not, Mr. Emmerglick, that these pressures from foreign governments result in members of this oil cartel seeking to send more and more of their foreign oil products to the United States, and to that degree suppress or have a deleterious effect upon our own reserves and our own production of oil in the United States? Mr. EMMERGLICK. That is, I think, a fair statement. The CHAIRMAN. Mr. Emmerglick, testimony was adduced before this committee that the Standard Oil Company of New Jersey, a member of the cartel, submitted a statement of its views to the Attorney General's Committee. Did you seek an opportunity to present views counteracting those Standard Oil views to the Attorney General's Committee? Mr. EMMERGLICK. No; I did not, Mr. Chairman. The CHAIRMAN. Were you asked to submit views? Mr. EMMERGLICK. I was not. Mr. MALETZ. Did you seek to present your views to the Attorney General's Committee, Mr. Emmerglick? Mr. EMMERGLICK. I did not, Mr. Maletz. I would have thought it inappropriate to debate this case or the issues in this case before the Attorney General's Committee while the case was pending in court. Mr. MALETZ. Did the Attorney General's Committee ask you to present your views in rebuttal to the views presented by the Standard Oil Company of New Jersey? Mr. EMMERGLICK. They did not. The CHAIRMAN. In a letter received from Assistant Attorney General Barnes, which I will place in the record, among other things, we have the following paragraph therefrom: You ask, in addition, for our indication of whether "any such private organization is involved in pending antitrust litigation brought by the Government." By this, I assume you mean named as a defendant in a Department suit still pending. So construed, the answer to your question is "Standard Oil Co. of New Jersey." This letter will be placed in the record, and I shall also place in the record the Joint Oil Producing Ventures in the Middle East, Their Status Under United States Antitrust Laws, a submittal by Standard Oil Co. (New Jersey) to the Attorney General's National Committee To Study the Antitrust Laws. They will be received in the record. (The documents referred to follow :) DEPARTMENT OF JUSTICE, Hon. EMANUEL CELLER, Chairman, House Judiciary Committee, Washington, D. C. DEAR CONGRESSMAN CELLER: This is in further response to your requests for information numbered 1 through 7, addressed to me April 25, 1955. In my absence from the city Friday afternoon, May 6, 1955, Mr. Bicks transmitted to your counsel, Mr. Maletz, material in response to requests numbered 1 through 5. I enclose now responses to your requests numbered 6 and 7. The following is a list of private organizations which submitted statements for committee consideration. (1) The Linen Supply Association of America (2) The National Association of Retail Druggists, The National Association of Retail Grocers, National Congress of Petroleum Retailers, United Fresh Fruit & Vegetable Association, National Candy Wholesalers Association, National Association of Independent Tire Dealers, National Food Brokers Association, United States Wholesale Grocers Association, Inc. (3) The National Federation of Independent Business (4) The National Association of Manufacturers (5) Mr. Benjamin Javitz, on behalf of himself (6) The American Fair Trade Counsel (7) The American Federation of Labor, by Woll, Glenn & Thatcher (9) The Isbrandtsen Co., Inc. (10) Pacific Coast/Latin America: Camexco Freight Conference Canal, Central American Northbound Conference Colpac Freight Conference Pacific Coast/Caribbean Sea Ports Conference |