Business: Oil Production

Ray H. Collins, Oklahoma oil operator who two months ago bravely set forth to persuade other case-hardened oil operators of his state to pinch down their oil production and thus conserve their underground pools for the future (TIME, May 23), last week gave up. He ceased arguing and appealed to the Oklahoma Corporation Commission to invent some sort of rule to restrain the present overabundant production. There does exist an old Oklahoma law that may apply to the situation. But lawyers doubt its constitutionality. Meanwhile, Shell Union Oil Co., after spending $100,000...

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