OIL PRODUCTION

Wanganui Chronicle, Volume 72, Issue 82, 6 April 1929, Page 8

OIL PRODUCTION

CONSERVING SUPPLIES FEARS FOR THE FUTURE In spite of the recent runrj bringing any move for tne curtailment oi oil supplies within tne anti-trust laws, the interests concerned will proceed with a voluntary plan of conservation- [ Australian Press Assn, j Received April 5, 11 p.m. WASHINGTON, April 5At a conference between the Federal Jil Conservation Commission and the American Petroleum Institute, JScnatoi Borah stated that it was apparent that the Royal Dutch Company, the Man dard oil Company and the Anglo Persian Company were engaged in forming an international monopoly and in shut ting off the possibility of cheap oi reaching the consumers from Russia. {Secretary Wilbur stated that the need for a conservative oil policy was acute, as the supply situation would be come critical within eight or ten years The {States of Colorado, Montana ant Wyoming have protested to President Hoover against his policy of oil conservation. It is now anticipated that the oil interests will proceed with a plan of voluntary curtailment of production testing the issue in the Courts.