The one word above all others that one does not utter to oilmen is Overproduction. They hope against it, they talk against it, they try to act against it. Last week they acquired two new talking and hoping points: 1) California's law forbidding oil production without proper conservation of natural gas (expected to slow up production in that state by 20% to 25%) went into effect; 2) A report from. Oklahoma that an agreement had been reached to shut down the new Oklahoma City field there for...
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