The President's News Conference
02/07/1951
https://www.presidency.ucsb.edu...
They are going to furnish me with a memorandum as soon as they have a chance to discuss the matter among themselves.
I cannot comment on it until I have had an interview with Dean Acheson.
Texas, of course, before it became a State and while it was an independent republic, had whatever rights then existed in the submerged lands...
The vast quantities of oil and gas in the submerged ocean lands belong to the people of all the States.