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Up to last week no state law to limit oil production had ever been wholly effective because unscrupulous producers, large and small, persisted in bootlegging more than their legal quotas outside the state. This "hot oil," it was estimated, represented about one-fifth of the entire daily production of petroleum—enough to nullify any agreement between honest men to hold down output, stabilize prices. In violation of local proration regulations it was smuggled by secret pipe lines, shipped across state lines in regular tank cars. It was mixed with legitimately produced oil at...

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