Salt Lake Telegram | 1928-09-19 | Page 8 | Oil Curtailment

I OIL OIL CURTAILMENT CURTAILMENT The unusual cooperation among I oil 01 producers has so tar far been ben sue sue- in holding down the supply of petroleum to the level of demand Iemand j the Economic Service Inc reports repots A tremendous amount or of oil 01 Is now shut In which can be released at will wi The flood ot of production has ha not ceased however as a new nev are ae being brought In persistently both In the Mid ContInent and California fields felda High imports also aiso constitute a I threat trat to t the industry and Venezuela Venezuela Vene- Vene zuela restriction would be desirable Th The price structure Is now adjusted to prevailing conditions by the placing placing ing of a a premium on light oils Ul high content The heavIer heavier Ier fuel tuel grades continue In unsatisfactory position polton J