BIG INTERESTS AT WORK
SHUTTING OUT CHEAP OIL “INTERNATIONAL MONOPOLY” (Australian and N.Z . Press Association) WASHINGTON, Friday. At a conference between the Federal Oil Conservation Commission and the American .Petroleum Institute, Mr. W. E. Borah, chairman of the Foreign Relations Committee of the Senate, said it appeared that the Royal Dutch Shell Company, the Standard Oil Comi y and the Anglo-Persian Company were engaged in forming an international monopoly and in shutting off the possibility of cheap oil reaching the consumers from Russia. Mr. Curtis D. Wilbur, secretary of the Navy, said the need for a conservative . oil policy was acute, as the supply situation would become critical within eight or ten years. Interested persons in the States of Colorado, Montana and Wyoming have protested to the President, Mr. Herbert Hoover, against his policy of oil conservation. It is now anticipated that the oil interests will proceed with their plan of a voluntary curtailment of production and test the issue in tho Courts.
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https://paperspast.natlib.govt.nz/newspapers/SUNAK19290406.2.59.3
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Sun (Auckland), Volume III, Issue 631, 6 April 1929, Page 9
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163BIG INTERESTS AT WORK Sun (Auckland), Volume III, Issue 631, 6 April 1929, Page 9
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