Word: conservationism
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Other Legislation. Being new, the 71st Congress sought to undertake many another task than those for which it was called. Plans were laid for legislation to repeal the national origins provision of the immigration law, effective July 1, to reapportion the House of Representatives, to provide for the 1930 census...
As to the meeting itself, its outstanding result was an agreement to restrict 1929 oil production in North and South America to approximate its 1928 output of 1,075,369,847 barrels. Output of various companies will be pro-rated by five regional committees; restriction is apparently on a voluntary...
Oil men hope that the 1928 production figure will hold for 1930 and 1931 as well as for the present year. Head of the General Conservation Committee which worked out the A. P. I. program is Ralph Clinton Holmes, President of Texas Corp. (Texaco products). A potent and rapidly growing...
The oil industry's overproduction, not its underhanded dealings with the U. S., prompted the Hoover decree. As Secretary of Commerce Mr. Hoover was a member of the Federal Oil Conservation Board and heard predictions by fellow engineers that the U.S. oil resources would be exhausted in five, ten...
This Monday, while oil-drilling "wildcatters" were digesting the significance of President Hoover's oil conservation policy (see p. 16), Thomas B. Slick, the king of all "wildcatters," credited with being the largest individual oil operator in the world, completed the sale of all his producing lands to the...