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Show THE FALSE PROPHETS The alleged "oil shortage" on the Eastern Seaboard provides a perfect example of a politically created crisis which had almost no foundation in fact. The unecessary rationing of gasoline has Jaeen abandoned, and it is reported that reserve re-serve stocks of oil, far from dwindling, are on the increase. In the meantime, however, the public was subjected to needless inconvenience incon-venience and worry. Now it looks as if the so-called "electric" power shortages which are periodically t'ore-k t'ore-k cast with scare headlines, fall into the same category as the non-existent oil shortage. The nation has been told for a decade, by promoters pro-moters of socialized power, that a serious deficiency of power in major industrial areas was imminent. It has been told that civilian consumption of power would probably have to be severely rationed. It has been told that the power industry h; s failed to keep pace with demand. What is the truth of the matter? It is plain enough. Not one serious poWer shortage has put in its scheduled appearance. In every important industrial area, needed electricity is available. Even in the defense "boom towns" where industrial development fo: military purposes has taken place at an incredible in-credible rate of speed, power is being quietly quiet-ly and efficiently provided. And more thai. 90 per cent of that power comes from privat utilities. In short, while a few politicians cn "shortages," to promote government owner ship of the industry, private interprise goe: ahead and does the work. While the utilitie: are subjected to every know form of politi cal vilification, they are spending hundred: of millions to build for the demands of to morrow. There is, of course, a purpose behin these periodical political demunciations o private industry for alleged failure to race ' emergency needs. To destroy the faith r the people in the private enterprise system, and to lead the people to the point where they will accept widespread socialization of industry. The politicians who denounce industry in-dustry loudest and oftenest are the politicians who are most lustful for more power, more "PORK BARRELS." The are attempting to use this emergency to destroy from within, the American svstem which the arms program is designed to defend, to protect, and to perpetuate. |