OIL: Texas Turnabout

To swell the flow of oil to Europe, the Texas Railroad Commission last week finally ordered a big boost in allowable production. The decision added 210,901 bbl. to Texas daily output to a record 3,773,054 bbl. Behind the expected move (TIME, Feb. 18) was Ernest O. Thompson, senior member of the state's three-man commission, who insisted ever since the Suez Canal was closed that three small raises totaling 210,000 bbl. were the best contribution Texas could make.

General Thompson's turnabout, which raised total U.S. production to a record 7,515,400 bbl. a day, did not mean that the oil shortage...

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