Salt Lake Telegram | 1929-05-15 | Page 2 | President's Oil Policy Unwise, Howard States

Oil P POLICY UC UNWISE HOWARD Prevents Influx of Capital to Western States He Declares The federal oil conservation program program pro pro- gram of of President Hoover was untimely untimely untimely un un- un- un timely and unwise and is working a great hardship on all of the eleven western states John C. C Howard president of the Utah Oil Refining company declared at the weekly luncheon of the chamber of commerce commerce commerce com com- merce Wednesday The order prevents the tIme influx t tit of f ou outside ide capital which would come cometo cometo cometo to these states through the tIme development develop- develop meat ment of or new oil lands and deprives deprive the people of the additional labor he stated and added that the stats also aiso lose Iose large amounts of money which would come to them through taxes on machinery and nd equipment used in the oil oU field and areas which were being prospected The refineries of the time western country are arc also retarded in their development through this action he lIe said This industry has Imas an investment in- in vestment of in its His plants plans which have a capacity of or barrels a day and which at time tIle present present pres pres- ent eat time is only producing barrels These Investments were wen encouraged by the time passage of or the tIme leasing act It is the time opinion of 01 the time best legal minds of the time country that President Hoover went be beyond ond his Imis rights when he denied the citizens of ot the country country country coun coun- try an opportunity to make application application application tion for oil land under the leasing law Mr Mm- 11 Howard continued This matter no doubt will be bo test tested d in inthe inthe the time United States supreme court to decide whether or not he Ime was overstepping overstepping overstepping over over- stepping his bounds when he he is issued issued issued is- is sued such an extensive order he said After Arter opposition had Imad been made by the time western states and the genIal general gen gen- oral eral public in this territory the department de do- of Interior began bean to mellow mellow mel mel- low down its policy and allowed those who had imad showed good faith allis allison on their permits to to- keep t them em Mr Howard explained However there thelo have hae been some benefits from the time order since it gives the tIme department an opportunity opportunity opportunity to stud study past abuses abuses- of the tIme law by promoters he said When the leasing 1 w is restored it Win will undoubtedly be bo amended so that it will b ba more Jail fair to to the op operator operator- I and more satisfactory to the gov gov-