OIL: Seven Reasons

President Coolidge wrote a letter to the public and addressed it to four members of his Cabinet—Secretaries 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;...

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