Show Mass i Production I Era Brings N New v e Legal Problems I What Wt i is t to be donI dor to settle satis- satis satisfactorily satis satisfactorily both to the public and the oil petroleum industry y the problem of oC petro petro- leum overproduction duplication of facilities 3 and lack of balance be- be between between be between tween supply and demand 1 The American Bar association the Federal Oil on Conservation Board noard the American Petroleum Institute President President President dent Hoover and other or organizations and persons have all nIl stressed the need for a n remedy and put ut forward su suggestions The tumbling block to action is the trust trust anti laws Valuable as these laws inception were at the time of their tion and as the they still are arc in the main they apparently fail to cover cower the new business doctrine of mass production Attorney Genral l has ruled that the I Federal leral c Government is with with- w without without th- th out authority to the in- in industry's in industry's plan to limit production through voluntary agreement And Andin Andin Andin in a report made February the tAmeric n Bar Association stated We have reached he conclusion that conclusion that by force of circumstances en- en entirely en entirely beyond the control of the in- in industry in industry comprehensive voluntary ac- ac action action ac action tion in conserving oil is improbable improbable improbable able if not impossible The Baltimore Sun in commenting on on this unusual situation sa says s 's There is certain to arise demand for Government intervention either by extension of relief from inhibitions cont contained ned in trust anti-trust laws or by other other methods which will assure con eon eon- con conservation sen of an indispensable natural natural natural al resource Legal barriers regulating trade combinations must be made elastic clastic enough to permit American industry to effect legal conservation of val val- valuable val valuable natural r resources |