Word: conservationism
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Such, in effect, was the net result of the much-heralded oil conservation meeting held last week at famed Broadmoor Hotel, Colorado Springs, on the call of President Hoover (TIME, June 10). Three hundred delegates attended. From eleven oil-producing States came Governors or their representatives. The U. S. was...
President Hoover called the meeting in the hope that those attending it would contrive a means of reducing oil production, possibly by an interstate compact to be ratified by Congress. No such means was found. Instead, attention was focused upon differences within the oil industry which block the way to...
1) The refusal of independent oil producers to enter any limitation agreement until a duty is placed upon petroleum imports. They contend that the major oil companies will reduce their domestic production only to increase their imports from Mexico and South America, thus nullifying the effect of any conservation agreement...
President Hoover established oil conservation as a major policy of his administration when he ordered an end to permits for drilling on Government land, and to renewals of lapsed oil leases (TIME, March 25). This official step encouraged the oil industry, as represented by the American Petroleum Institute, to believe...
Oil conservation moved off in a new direction last week. The Federal board headed by Secretary of the Interior Wilbur to deal with this problem advised the American Petroleum Institute, in effect, that what was apparently illegal under the Sherman anti-trust law could be made legal through the little...