President Coolidge wrote a letter to the public and addressed it to four members of his CabinetSecretaries Weeks, Wilbur, Work and Hoover. The substance of his announcement:
1) WHEREAS, the present method of producing oil is wasteful because it is impossible to conserve oil in the ground if a neighbor desires to take oil from his property;
2) WHEREAS, oil is a prime military necessity in so many ways that it may determine the supremacy of nations;
3) WHEREAS, a shortage of fuel and lubricating oil, let alone gasoline, would be disastrous to industry;...