Salt Lake Telegram | 1932-05-10 | Page 12 | Oil Men Look to Constructive Work

I Oil Oi Men Look to Constructive Work By J. J R R BRACKETT Associated Press Financial Writer WrIer NEW YORK May 10 ff Th-A Th I-A I A successful suc sue completion of the international al oil oi conference might mark the turning turn turn- ing point of the world business slump J. J B. B A A. A Kessler Kesler managing director a of the thc Royal Dutch Shell Shel group said tod today lY on his arrival from Europe to attend the meetings this week Mr Kessler denied that the difficulties di- di cuRios cules in the oil oi industry would iron themselves out if i permitted to take their course sayi saying In intensity and therefore in duration du du- duration du- du ration raton and effect no nr is comparable with th the pr present se t to o one The interdependence of economic factors fac fae- tors was never so pronounced as to today today to- to day the old remedies no longer ap op ply What is needed is constructive co cooperation eo- eo operation instead of the destructive dog eat method which is eat dos aggravating aggra aggra- voting the crisis and which must must end in a reduction of the standard of living liv liv- lv- lv ing for everybody The present crisis is exclusively the result resul of a loss of confidence by the thc world in itself isel An example of cooperation in the oil oU industry which Is possibly the most International in In- In in the world that would bring back prosperity to that Industry and to i its workers and shareholders would I am sure be such an eye- eye opener for tor other industries as S to what can be done by cooperation that the result resul might well veli wel be the turning turing point point in the present crisis