EXPO WPMA News / Spring 2026 37 Marketer Member News 1. Give either a number or a date, but never both. 2. Never underestimate the power of platitude. 3. When the President asks you a question, remember that he doesn’t know the answer either.” The notion that authority is entitled to reverence per se, no matter how mindless it may be, is the most subversive of all notions in a free society. “There is no worse heresy,” Lord Acton wrote, “Than that the office sancties the holder of it.” Authority is entitled only to the respect it earns – and not a whit more. – Arthur Schlesinger Jr. 1976 (MAR – Second Issue IOMN) More Convention spotlights. (EMA)’s Jack Pester reported on Gasoline Decontrol telling jobbers, “You are bearing the brunt of surpluses regulated by FEA that ought to be our decisions.” Other hot topics: Small Business Loans/Petroleum Industry Divestiture; Tax Clarications on home oce expenses; Oil Products Terminals and Bulk Plants numbers dropped; and IRA laid a heavy hand on the status of Jobber to Dealer, claiming dealers were employers and not independent contractors. New Members from Montana, Idaho, California and Washington had joined the association. Idaho: Motor Fuel Tax increased from 8.5 cents to 9.5 cents per gallon. Clean Air Act was amended to include motor vehicle emission standards; non-growth non-degrading concept; EPA imposition of excess emissions fees; issuance of compliance date extensions; and prohibitions on the use of intermittent control measures. Guidelines were given on how to sell the Family Business. Tidbits: The dierence between a successful career and a mediocre one sometimes consists of leaving about four or ve things a day unsaid. 1976 (APR IOMN) Gerald Tedrow was appointed Executive Director, succeeding retired Jim Murphy. Tidbits: “The trouble with government of the people, by the people and for the people is that we get billed for it in triplicate. The following sign appeared on the rooftop door of a Brooklyn apartment house: Please be advised that anyone falling o the roof will be forbidden its use in the future.” Headliners: Quick Decontrol Plan Hits Snags; Most Everyone’s Against Divestiture; Immediate Depreciation of Spare Parts, Billboards and Outside Advertising Signs Qualify for Investment Credit; FEA Violations Present Problems even after Decontrol; Internal Revenue Service Ruled on royalty payments, deductible as routine business expenses, but not as US tax credits; Petroleum Industry Divesti- CONNECT with more than 3,000 participants from the United States and Worldwide. Find new products, suppliers and get the latest updates in the industry. Come Join Us February 16 -18, 2027 at the MGM Grand Look for more details at www.wpmaexpo.com MAR 1976 (Second Issue) IOMN Clips MAR 1976 IOMN Clips
View this content as a flipbook by clicking here.