In December 1924, as the result of now half-forgotten oil scandals, President Coolidge created the Federal Oil Conservation Board, composed of Secretary of the Navy Wilbur Secretary of War Davis, Secretary of Commerce Hoover, Secretary of the Interior Work, Chairman.
Last week the board through its chairman published a report preliminary to two later ones to be issued, declaring that only a six year oil supply for the nation was in sight at this time, and
1) Since the original oil well was drilled in Pennsylvania, more than 68,000 oil wells have...
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